S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$306.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.4%. SPY stock last traded at $682.72. Large volume bursts in S&P 500 stocks reached 47.8 million shares worth a total of $8.0 billion in transactions. There was notable buy pressure in the Technology and Energy sectors. Overall, sell volume pressure outpaced buy volume pressure by 8.3%. There were 130 stocks that had more buy pressure on balance, and 128 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$306.8 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.8%, compared with 42.2% 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 -$306.8 million, however, the furthest sell imbalance for the day occurred at 12:30 PM, when the net sell dollar volume was -$720.4 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$95.3 million. The largest spike in imbalance came between 12:45 PM and 1:00 PM when the buy pressure outweighed the sell pressure by a 8.0 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $692.4 million. 28 of the Technology stocks had positive dollar balance, versus 23 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 2.8 million shares. As of this afternoon, the average purchase price on buy volume was $185.49. The stock has rallied $3.03, indicating strength following the trade.