S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$1.9 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.6%. SPY stock last traded at $496.37. Large volume bursts in S&P 500 stocks reached 44.1 million shares worth a total of $7.7 billion in transactions. There was notable buy pressure in the Consumer Staples and Financial sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.7 to 1 ratio. There were 120 stocks that had more buy pressure on balance, and 124 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.9 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 56.1%, compared with 43.9% 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 -$1.9 billion occurred at 2:15 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the sell pressure surpassed the buy pressure by a 6.5 to 1 ratio.
Flow by Sector
Technology saw the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $1.3 billion. 16 of the Technology stocks had positive dollar balance, versus 22 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 $811.00. The stock has fallen $55.49, indicating weakness following the trade.
