S&P 500 is indicating institutional selling: Sell Imbalance reaches -$937.4 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 $602.12. Large volume bursts in S&P 500 stocks reached 55.4 million shares worth a total of $6.2 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Financial sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.4 to 1 ratio. There were 144 stocks that had more buy pressure on balance, and 109 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$937.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.5%, compared with 47.5% 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 -$937.4 million, however, the furthest sell imbalance for the day occurred at 1:45 PM, when the net sell dollar volume was -$952.7 million. The largest spike in imbalance came between 1:00 PM and 1:15 PM when the sell pressure surpassed the buy pressure by a 4.9 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $695.9 million. 27 of the Technology stocks had positive dollar balance, versus 18 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 5.8 million shares. As of this afternoon, the average trade price on sell volume was $123.11. The stock has dropped $7.72, indicating weakness following the trade.
