S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$125.3 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.5%. SPY stock last traded at $598.64. Large volume bursts in S&P 500 stocks reached 44.8 million shares worth a total of $6.8 billion in transactions. There was notable buy pressure in the Communication Services and Technology sectors. Overall, sell volume pressure outpaced buy volume pressure by 4.1%. There were 151 stocks that had more buy pressure on balance, and 92 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$125.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.1%, compared with 36.9% 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 -$125.3 million, however, the furthest sell imbalance for the day occurred at 10:15 AM, when the net sell dollar volume was -$436.3 million. The highest cumulative buy imbalance occurred at 11:30 AM, when the net buy hit +$118.3 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 7.0 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $502.8 million. 18 of the Consumer Discretionary stocks had positive dollar balance, versus 9 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 316,759 shares. As of this afternoon, the average purchase price on buy volume was $115.49. Despite the buy pressure, the stock has dropped $3.33 on the day.
