S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$142.2 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 $545.95. Large volume bursts in S&P 500 stocks reached 44.1 million shares worth a total of $6.0 billion in transactions. There was notable buy pressure in the Technology and Health Care sectors. Overall, sell volume pressure outpaced buy volume pressure by 5.1%. There were 117 stocks that had more buy pressure on balance, and 106 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$142.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.6%, compared with 38.4% 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 -$142.2 million, however, the furthest sell imbalance for the day occurred at 1:45 PM, when the net sell dollar volume was -$148.8 million. The highest cumulative buy imbalance occurred at 10:45 AM, when the net buy hit +$627.6 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the buy pressure outweighed the sell pressure by a 3.7 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $149.4 million. 19 of the Technology stocks had positive dollar balance, versus 14 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 70,687 shares. As of this afternoon, the average purchase price on buy volume was $125.76. The stock has rallied $0.19, indicating strength following the trade.
