S&P 500 is indicating institutional selling: Sell Imbalance reaches -$1.8 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.7%. SPY stock last traded at $570.37. Large volume bursts in S&P 500 stocks reached 54.3 million shares worth a total of $8.0 billion in transactions. There was notable buy pressure in the Energy and Materials sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.6 to 1 ratio. There were 128 stocks that had more buy pressure on balance, and 141 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.8 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 55.8%, compared with 44.2% 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 of -$1.8 billion occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 8.8 to 1 ratio.
Flow by Sector
Technology experienced the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $1.2 billion. 16 of the Technology stocks had positive dollar balance, versus 32 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts surpassed buy volume by 4.3 million shares. As of this afternoon, the average trade price on sell volume was $134.02. The stock has fallen $6.26, indicating weakness following the trade.