S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$386.5 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 $574.55. Large volume bursts in S&P 500 stocks reached 33.7 million shares worth a total of $5.2 billion in transactions. There was notable buy pressure in the Technology and Industrials sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.2 to 1 ratio. There were 101 stocks that had more buy pressure on balance, and 106 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$386.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.4%, compared with 39.6% 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 -$386.5 million, however, the furthest sell imbalance for the day occurred at 10:15 AM, when the net sell dollar volume was -$550.6 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 3.6 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $260.8 million. 10 of the Consumer Discretionary stocks had positive dollar balance, versus 14 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts outpaced buy volume by 962,336 shares. As of this afternoon, the average trade price on sell volume was $276.30. The stock has dropped $0.05, indicating weakness following the trade.
