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 0.8%. SPY stock last traded at $665.18. Large volume bursts in S&P 500 stocks reached 52.9 million shares worth a total of $8.5 billion in transactions. There was notable buy pressure in the Utilities and Consumer Staples sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.4 to 1 ratio. There were 137 stocks that had more buy pressure on balance, and 148 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 57.5%, compared with 42.5% 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 -$1.3 billion, however, the furthest sell imbalance for the day occurred at 12:00 PM, when the net sell dollar volume was -$1.6 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 3.6 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 $804.8 million. 17 of the Technology stocks had positive dollar balance, versus 36 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 1.2 million shares. As of this afternoon, the average trade price on sell volume was $181.03. The stock has dropped $3.75, indicating weakness following the trade.