S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$399.0 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 $571.62. Large volume bursts in S&P 500 stocks reached 47.3 million shares worth a total of $5.6 billion in transactions. There was notable buy pressure in the Real Estate and Communication Services sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.2 to 1 ratio. There were 132 stocks that had more buy pressure on balance, and 100 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$399.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.3%, compared with 39.7% 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 -$399.0 million, however, the furthest sell imbalance for the day occurred at 1:00 PM, when the net sell dollar volume was -$456.8 million. The highest cumulative buy imbalance occurred at 10:15 AM, when the net buy hit +$189.5 million. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the sell pressure surpassed the buy pressure by a 4.9 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $517.1 million. 21 of the Technology stocks had positive dollar balance, versus 19 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 2.9 million shares. As of this afternoon, the average trade price on sell volume was $124.52. The stock has fallen $0.45, indicating weakness following the trade.
