S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$121.5 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 $541.86. Large volume bursts in S&P 500 stocks reached 39.2 million shares worth a total of $5.4 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, sell volume pressure surpassed buy volume pressure by 4.7%. There were 111 stocks that had more buy pressure on balance, and 109 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$121.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 67.0%, compared with 33.0% 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 -$121.5 million, however, the furthest sell imbalance for the day occurred at 12:00 PM, when the net sell dollar volume was -$354.2 million. The highest cumulative buy imbalance occurred at 10:30 AM, when the net buy hit +$52.2 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 3.3 to 1 ratio.
Flow by Sector
Technology had the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $163.2 million. 21 of the Technology stocks had positive dollar balance, versus 15 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 surpassed buy volume by 178,079 shares. As of this afternoon, the average trade price on sell volume was $130.73. Even though the sell pressure has been significant, the stock price has risen $2.52 on the day.
