S&P 500 is showing signs of institutional selling: Sell Imbalance sits at -$538.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.6%. SPY stock last traded at $755.29. Large volume bursts in S&P 500 stocks reached 49.6 million shares worth a total of $12.4 billion in transactions. There was notable buy pressure in the Real Estate and Consumer Discretionary sectors. Overall, sell volume pressure surpassed buy volume pressure by 9.6%. There were 152 stocks that had more buy pressure on balance, and 152 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$538.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 65.8%, compared with 34.2% 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 -$538.0 million, however, the furthest sell imbalance for the day occurred at 1:15 PM, when the net sell dollar volume was -$766.0 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 3.7 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $745.8 million. 26 of the Technology stocks had positive dollar balance, versus 33 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 1.8 million shares. As of this afternoon, the average trade price on sell volume was $216.61. The stock has fallen $7.16, indicating weakness following the trade.