S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$138.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.0%. SPY stock last traded at $555.21. Large volume bursts in S&P 500 stocks reached 53.8 million shares worth a total of $6.5 billion in transactions. There was notable buy pressure in the Communication Services and Real Estate sectors. Overall, sell volume pressure outpaced buy volume pressure by 4.5%. There were 125 stocks that had more buy pressure on balance, and 127 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$138.8 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.0%, compared with 40.0% 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 -$138.8 million, however, the furthest sell imbalance for the day occurred at 1:30 PM, when the net sell dollar volume was -$212.5 million. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$551.3 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 6.2 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 $48.0 million. 26 of the Technology stocks had positive dollar balance, versus 17 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 859,244 shares. As of this afternoon, the average purchase price on buy volume was $108.60. The stock has rallied $2.07, indicating strength following the trade.
