S&P 500 is indicating institutional selling: Sell Imbalance sits at -$1.0 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.9%. SPY stock last traded at $687.18. Large volume bursts in S&P 500 stocks reached 59.9 million shares worth a total of $10.2 billion in transactions. There was notable buy pressure in the Health Care and Communication Services sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.2 to 1 ratio. There were 163 stocks that had more buy pressure on balance, and 160 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.0 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.4%, compared with 39.6% 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 -$1.0 billion, however, the furthest sell imbalance for the day occurred at 1:30 PM, when the net sell dollar volume was -$1.2 billion. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the sell pressure surpassed the buy pressure by a 6.2 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 $1.3 billion. 21 of the Technology stocks had positive dollar balance, versus 39 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 4.6 million shares. As of this afternoon, the average trade price on sell volume was $187.50. The stock has fallen $10.49, indicating weakness following the trade.