S&P 500 is indicating institutional selling: Sell Imbalance reaches -$1.3 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.7%. SPY stock last traded at $581.83. Large volume bursts in S&P 500 stocks reached 34.3 million shares worth a total of $5.7 billion in transactions. There was notable buy pressure in the Consumer Staples and Energy sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.6 to 1 ratio. There were 108 stocks that had more buy pressure on balance, and 146 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.3 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.6%, compared with 38.4% 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 of -$1.3 billion occurred at 1:45 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 5.5 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $926.6 million. 9 of the Consumer Discretionary stocks had positive dollar balance, versus 21 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 770,309 shares. As of this afternoon, the average purchase price on buy volume was $137.44. The stock has gained $1.55, indicating strength following the trade.
