S&P 500 is showing signs of institutional selling: Sell Imbalance hits -$742.4 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 $752.12. Large volume bursts in S&P 500 stocks reached 40.5 million shares worth a total of $10.2 billion in transactions. There was notable buy pressure in the Financial and Consumer Discretionary sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.2 to 1 ratio. There were 153 stocks that had more buy pressure on balance, and 135 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$742.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.8%, compared with 36.2% 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 -$742.4 million, however, the furthest sell imbalance for the day occurred at 12:45 PM, when the net sell dollar volume was -$838.6 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$205.3 million. The largest spike in imbalance came between 11:15 AM and 11:30 AM when the sell pressure surpassed the buy pressure by a 6.1 to 1 ratio.
Flow by Sector
Technology saw the biggest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $1.2 billion. 17 of the Technology stocks had positive dollar balance, versus 36 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts surpassed buy volume by 570,614 shares. As of this afternoon, the average trade price on sell volume was $121.66. The stock has fallen $7.93, indicating weakness following the trade.