S&P 500 is showing signs of institutional selling: Sell Imbalance hits -$591.0 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 $598.94. Large volume bursts in S&P 500 stocks reached 27.5 million shares worth a total of $4.3 billion in transactions. There was notable buy pressure in the Health Care and Communication Services sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.3 to 1 ratio. There were 82 stocks that had more buy pressure on balance, and 108 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$591.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 59.6%, compared with 40.4% 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 -$591.0 million, however, the furthest sell imbalance for the day occurred at 12:30 PM, when the net sell dollar volume was -$853.8 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$88.0 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 5.0 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $337.9 million. 9 of the Technology stocks had positive dollar balance, versus 33 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 exceeded buy volume by 1.8 million shares. As of this afternoon, the average trade price on sell volume was $132.71. The stock has dropped $2.69, indicating weakness following the trade.
