S&P 500 is indicating institutional selling: Sell Imbalance reaches -$1.0 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.7%. SPY stock last traded at $540.04. Large volume bursts in S&P 500 stocks reached 36.0 million shares worth a total of $4.3 billion in transactions. There was notable buy pressure in the Health Care and Consumer Staples sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.6 to 1 ratio. There were 113 stocks that had more buy pressure on balance, and 120 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.0 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.8%, compared with 41.2% 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 -$1.0 billion, however, the furthest sell imbalance for the day occurred at 1:00 PM, when the net sell dollar volume was -$1.1 billion. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the sell pressure surpassed the buy pressure by a 5.2 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 $640.2 million. 15 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. Sell volume bursts surpassed buy volume by 3.9 million shares. As of this afternoon, the average trade price on sell volume was $103.50. The stock has dropped $5.22, indicating weakness following the trade.
