S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$1.4 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.8%. SPY stock last traded at $679.03. Large volume bursts in S&P 500 stocks reached 64.5 million shares worth a total of $10.6 billion in transactions. There was notable buy pressure in the Industrials and Consumer Staples sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.3 to 1 ratio. There were 146 stocks that had more buy pressure on balance, and 154 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 53.6%, compared with 46.4% 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 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 11:15 AM and 11:30 AM when the sell pressure surpassed the buy pressure by a 3.8 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $612.8 million. 30 of the Technology stocks had positive dollar balance, versus 20 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 outpaced buy volume by 3.6 million shares. As of this afternoon, the average trade price on sell volume was $179.94. The stock has fallen $6.97, indicating weakness following the trade.