S&P 500 is indicating institutional selling: Sell Imbalance sits at -$805.1 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 $585.81. Large volume bursts in S&P 500 stocks reached 22.4 million shares worth a total of $3.2 billion in transactions. There was notable buy pressure in the Health Care and Energy sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.7 to 1 ratio. There were 85 stocks that had more buy pressure on balance, and 81 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$805.1 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.8%, compared with 39.2% 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 -$805.1 million occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 1:15 PM and 1:30 PM when the sell pressure surpassed the buy pressure by a 9.2 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $208.2 million. 10 of the Consumer Discretionary stocks had positive dollar balance, versus 7 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 1.9 million shares. As of this afternoon, the average trade price on sell volume was $135.61. The stock price decreased $3.25, indicating weakness following the trade.
