S&P 500 is indicating institutional selling: Sell Imbalance hits -$198.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.8%. SPY stock last traded at $680.65. Large volume bursts in S&P 500 stocks reached 52.3 million shares worth a total of $8.2 billion in transactions. There was notable buy pressure in the Technology and Consumer Staples sectors. Overall, sell volume pressure exceeded buy volume pressure by 5.3%. There were 149 stocks that had more buy pressure on balance, and 144 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$198.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 62.5%, compared with 37.5% 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 -$198.0 million, however, the furthest sell imbalance for the day occurred at 11:00 AM, when the net sell dollar volume was -$989.9 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the sell pressure surpassed the buy pressure by a 6.5 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $66.4 million. 25 of the Technology stocks had positive dollar balance, versus 22 that were net negative.
Individual Stocks
AES stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 4.3 million shares. As of this afternoon, the average purchase price on buy volume was $14.21. The stock has rallied $0.01, indicating strength following the trade.