S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$52.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.7%. SPY stock last traded at $602.13. Large volume bursts in S&P 500 stocks reached 48.9 million shares worth a total of $7.0 billion in transactions. There was notable buy pressure in the Industrials and Technology sectors. Overall, buy volume pressure and sell volume pressure were fairly similar during trading. There were 102 stocks that had more buy pressure on balance, and 133 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$52.8 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.7%, compared with 38.3% 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 -$52.8 million, however, the furthest sell imbalance for the day occurred at 12:30 PM, when the net sell dollar volume was -$164.4 million. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$782.4 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the sell pressure surpassed the buy pressure by a 7.6 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 $99.1 million. 21 of the Technology stocks had positive dollar balance, versus 25 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 1.4 million shares. As of this afternoon, the average purchase price on buy volume was $129.60. Despite the buy pressure, the stock has dropped $0.30 on the day.
