S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$218.0 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 $601.07. Large volume bursts in S&P 500 stocks reached 41.2 million shares worth a total of $6.0 billion in transactions. There was notable buy pressure in the Materials and Industrials sectors. Overall, sell volume pressure exceeded buy volume pressure by 7.9%. There were 135 stocks that had more buy pressure on balance, and 129 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$218.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 59.4%, compared with 40.6% 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 -$218.0 million, however, the furthest sell imbalance for the day occurred at 11:15 AM, when the net sell dollar volume was -$589.7 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 2.3 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 $283.8 million. 19 of the Technology stocks had positive dollar balance, versus 28 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 482,419 shares. As of this afternoon, the average trade price on sell volume was $134.07. Even though the sell pressure has been significant, the stock price has risen $0.25 on the day.
