S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$1.4 billion
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 $588.52. Large volume bursts in S&P 500 stocks reached 48.7 million shares worth a total of $6.0 billion in transactions. There was notable buy pressure in the Consumer Staples and Materials sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.6 to 1 ratio. There were 107 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 -$1.4 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.6%, compared with 39.4% 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 of -$1.4 billion occurred at 1:45 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 1:00 PM and 1:15 PM when the sell pressure surpassed the buy pressure by a 15.4 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 $1.0 billion. 13 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. Sell volume bursts exceeded buy volume by 8.3 million shares. As of this afternoon, the average trade price on sell volume was $117.87. The stock has dropped $8.95, indicating weakness following the trade.
