S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$863.2 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.3%. SPY stock last traded at $593.36. Large volume bursts in S&P 500 stocks reached 15.2 million shares worth a total of $3.0 billion in transactions. There was notable buy pressure in the Energy and Materials sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.8 to 1 ratio. There were 57 stocks that had more buy pressure on balance, and 77 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$863.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 78.7%, compared with 21.3% 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 -$863.2 million, however, the furthest sell imbalance for the day occurred at 12:30 PM, when the net sell dollar volume was -$960.5 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 11.2 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $249.3 million. 8 of the Consumer Discretionary 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. Sell volume bursts exceeded buy volume by 1.1 million shares. As of this afternoon, the average trade price on sell volume was $136.20. The stock has fallen $3.66, indicating weakness following the trade.
