S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$469.5 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 $607.97. Large volume bursts in S&P 500 stocks reached 52.0 million shares worth a total of $7.4 billion in transactions. There was notable buy pressure in the Communication Services and Industrials sectors. Overall, sell volume pressure surpassed buy volume pressure by 14.3%. There were 119 stocks that had more buy pressure on balance, and 132 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$469.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 51.7%, compared with 48.3% 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 -$469.5 million occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$371.9 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.4 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 $611.7 million. 20 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 surpassed buy volume by 3.8 million shares. As of this afternoon, the average trade price on sell volume was $144.97. The stock has fallen $4.43, indicating weakness following the trade.
