S&P 500 is indicating institutional selling: Sell Imbalance sits at -$1.6 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 3.7%. SPY stock last traded at $543.48. Large volume bursts in S&P 500 stocks reached 70.6 million shares worth a total of $9.9 billion in transactions. There was notable buy pressure in the Materials and Consumer Staples sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.4 to 1 ratio. There were 148 stocks that had more buy pressure on balance, and 205 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.6 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 50.7%, compared with 49.3% 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 -$1.6 billion, however, the furthest sell imbalance for the day occurred at 11:15 AM, when the net sell dollar volume was -$1.6 billion. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the sell pressure surpassed the buy pressure by a 3.7 to 1 ratio.
Flow by Sector
Consumer Discretionary had the biggest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $369.3 million. 16 of the Consumer Discretionary stocks had positive dollar balance, versus 28 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 3.2 million shares. As of this afternoon, the average trade price on sell volume was $103.51. The stock price decreased $7.14, indicating weakness following the trade.
