S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$740.5 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 $591.46. Large volume bursts in S&P 500 stocks reached 57.2 million shares worth a total of $7.8 billion in transactions. There was notable buy pressure in the Utilities and Health Care sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.2 to 1 ratio. There were 130 stocks that had more buy pressure on balance, and 141 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$740.5 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 53.7% of the large volume transactions being made off-exchange, while only 46.3% 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 of -$740.5 million occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 11:30 AM and 11:45 AM when the sell pressure surpassed the buy pressure by a 4.2 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $206.5 million. 23 of the Technology stocks had positive dollar balance, versus 24 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 1.2 million shares. As of this afternoon, the average trade price on sell volume was $135.99. The stock has fallen $2.46, indicating weakness following the trade.
