S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$768.5 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.8%. SPY stock last traded at $620.95. Large volume bursts in S&P 500 stocks reached 61.7 million shares worth a total of $10.0 billion in transactions. There was notable buy pressure in the Technology and Real Estate sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.2 to 1 ratio. There were 157 stocks that had more buy pressure on balance, and 145 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$768.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 59.0%, compared with 41.0% 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 -$768.5 million, however, the furthest sell imbalance for the day occurred at 10:15 AM, when the net sell dollar volume was -$1.0 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 2.6 to 1 ratio.
Flow by Sector
Technology had the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $154.8 million. 26 of the Technology stocks had positive dollar balance, versus 25 that were net negative.
Individual Stocks
AMZN stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts outpaced buy volume by 1.1 million shares. As of this afternoon, the average trade price on sell volume was $216.15. The stock has dropped $20.36, indicating weakness following the trade.