S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$237.1 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is unchanged. SPY stock last traded at $690.07. Large volume bursts in S&P 500 stocks reached 16.8 million shares worth a total of $2.8 billion in transactions. There was notable buy pressure in the Communication Services and Industrials sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.2 to 1 ratio. There were 80 stocks that had more buy pressure on balance, and 58 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$237.1 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 68.5%, compared with 31.5% being transacted in the dark pool. To learn more about large volume trades, check out our help section.
Daily Chart: Large Volume Bursts Over Time
As you can see from the chart below, the most recent cumulative sell imbalance is -$237.1 million, however, the furthest sell imbalance for the day occurred at 1:00 PM, when the net sell dollar volume was -$251.3 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$151.3 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.8 to 1 ratio.
Flow by Sector
Technology saw the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $150.5 million. 19 of the Technology stocks had positive dollar balance, versus 12 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 415,556 shares. As of this afternoon, the average purchase price on buy volume was $191.48. The stock has gained $3.35, indicating strength following the trade.