S&P 500 is indicating institutional selling: Sell Imbalance reaches -$111.0 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 $562.09. Large volume bursts in S&P 500 stocks reached 43.3 million shares worth a total of $4.2 billion in transactions. There was notable buy pressure in the Technology and Industrials sectors. Overall, sell volume pressure outpaced buy volume pressure by 5.7%. There were 112 stocks that had more buy pressure on balance, and 101 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$111.0 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 56.0% of the large volume transactions being made off-exchange, while only 44.0% was traded on lit exchanges. 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 -$111.0 million, however, the furthest sell imbalance for the day occurred at 12:45 PM, when the net sell dollar volume was -$185.0 million. The highest cumulative buy imbalance occurred at 10:30 AM, when the net buy hit +$270.4 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 11.8 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $94.1 million. 26 of the Technology stocks had positive dollar balance, versus 18 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 421,321 shares. As of this afternoon, the average purchase price on buy volume was $117.02. Despite the buy pressure, the stock has dropped $2.22 on the day.
