S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$145.4 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 $589.84. Large volume bursts in S&P 500 stocks reached 34.8 million shares worth a total of $4.9 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, sell volume pressure outpaced buy volume pressure by 6.3%. There were 107 stocks that had more buy pressure on balance, and 97 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$145.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 56.6%, compared with 43.4% 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 is -$145.4 million, however, the furthest sell imbalance for the day occurred at 11:30 AM, when the net sell dollar volume was -$348.4 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$266.5 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 4.4 to 1 ratio.
Flow by Sector
Consumer Discretionary saw the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $231.5 million. 15 of the Consumer Discretionary stocks had positive dollar balance, versus 10 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 1.3 million shares. As of this afternoon, the average purchase price on buy volume was $136.99. The stock has rallied $2.47, indicating strength following the trade.