S&P 500 is showing signs of institutional selling: Sell Imbalance hits -$539.4 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 $583.00. Large volume bursts in S&P 500 stocks reached 33.8 million shares worth a total of $5.4 billion in transactions. There was notable buy pressure in the Financial and Real Estate sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.2 to 1 ratio. There were 111 stocks that had more buy pressure on balance, and 123 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$539.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.6%, compared with 45.4% 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 -$539.4 million, however, the furthest sell imbalance for the day occurred at 12:30 PM, when the net sell dollar volume was -$767.1 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$127.3 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 5.7 to 1 ratio.
Flow by Sector
Consumer Discretionary had the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $42.1 million. 8 of the Consumer Discretionary 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. Sell volume bursts exceeded buy volume by 2.1 million shares. As of this afternoon, the average trade price on sell volume was $132.41. The stock has dropped $1.34, indicating weakness following the trade.
