S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$562.7 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.5%. SPY stock last traded at $604.91. Large volume bursts in S&P 500 stocks reached 59.3 million shares worth a total of $10.3 billion in transactions. There was notable buy pressure in the Financial and Communication Services sectors. Overall, sell volume pressure exceeded buy volume pressure by 12.2%. There were 163 stocks that had more buy pressure on balance, and 105 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$562.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.9%, compared with 42.1% 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 -$562.7 million, however, the furthest sell imbalance for the day occurred at 11:30 AM, when the net sell dollar volume was -$930.0 million. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$96.3 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the sell pressure surpassed the buy pressure by a 4.0 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $819.2 million. 34 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 surpassed buy volume by 4.1 million shares. As of this afternoon, the average trade price on sell volume was $120.04. The stock price decreased $4.00, indicating weakness following the trade.
