S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$465.6 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 $605.11. Large volume bursts in S&P 500 stocks reached 50.2 million shares worth a total of $6.6 billion in transactions. There was notable buy pressure in the Technology and Energy sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.2 to 1 ratio. There were 125 stocks that had more buy pressure on balance, and 117 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$465.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 53.1%, compared with 46.9% 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 -$465.6 million, however, the furthest sell imbalance for the day occurred at 1:30 PM, when the net sell dollar volume was -$627.1 million. The highest cumulative buy imbalance occurred at 11:00 AM, when the net buy hit +$69.4 million. The largest spike in imbalance came between 12:00 PM and 12:15 PM when the sell pressure surpassed the buy pressure by a 3.7 to 1 ratio.
Flow by Sector
Technology saw the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $156.1 million. 24 of the Technology stocks had positive dollar balance, versus 17 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 4.1 million shares. As of this afternoon, the average purchase price on buy volume was $21.00. The stock price increased $1.54, indicating strength following the trade.
