S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$167.7 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.4%. SPY stock last traded at $594.78. Large volume bursts in S&P 500 stocks reached 39.9 million shares worth a total of $5.9 billion in transactions. There was notable buy pressure in the Technology and Materials sectors. Overall, sell volume pressure exceeded buy volume pressure by 6.0%. There were 105 stocks that had more buy pressure on balance, and 135 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$167.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.6%, compared with 41.4% 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 -$167.7 million, however, the furthest sell imbalance for the day occurred at 10:30 AM, when the net sell dollar volume was -$197.2 million. The highest cumulative buy imbalance occurred at 12:00 PM, when the net buy hit +$115.4 million. The largest spike in imbalance came between 12:30 PM and 12:45 PM when the sell pressure surpassed the buy pressure by a 4.4 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $418.1 million. 14 of the Consumer Discretionary stocks had positive dollar balance, versus 13 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 2.1 million shares. As of this afternoon, the average purchase price on buy volume was $148.55. The stock has rallied $0.81, indicating strength following the trade.
