S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$1.5 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.8%. SPY stock last traded at $597.11. Large volume bursts in S&P 500 stocks reached 91.3 million shares worth a total of $13.7 billion in transactions. There was notable buy pressure in the Health Care and Communication Services sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.3 to 1 ratio. There were 158 stocks that had more buy pressure on balance, and 133 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.5 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 65.2%, compared with 34.8% 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 -$1.5 billion 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 +$572.5 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the sell pressure surpassed the buy pressure by a 4.0 to 1 ratio.
Flow by Sector
Technology experienced the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $1.7 billion. 19 of the Technology stocks had positive dollar balance, versus 31 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 12.8 million shares. As of this afternoon, the average trade price on sell volume was $122.11. The stock price decreased $23.57, indicating weakness following the trade.