By Dmitry Pargamanik
S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$264.9 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.5%. SPY stock last traded at $418.16. Large volume bursts in S&P 500 stocks reached 32.0 million shares worth a total of $4.0 billion in transactions. There was notable buy pressure in the Real Estate and Energy sectors. Overall, sell volume pressure outpaced buy volume pressure by 14.7%. There were 126 stocks that had more buy pressure on balance, and 132 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$264.9 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.9%, compared with 41.1% 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 -$264.9 million, however, the furthest sell imbalance for the day occurred at 1:15 PM, when the net sell dollar volume was -$453.8 million. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$163.7 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the sell pressure surpassed the buy pressure by a 8.5 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $56.2 million. 21 of the Technology stocks had positive dollar balance, versus 16 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 48,657 shares. As of this afternoon, the average purchase price on buy volume was $198.50. Despite the buy pressure, the stock has dropped $1.82 on the day.