S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$1.3 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.0%. SPY stock last traded at $651.58. Large volume bursts in S&P 500 stocks reached 46.3 million shares worth a total of $7.8 billion in transactions. There was notable buy pressure in the Energy and Health Care sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.4 to 1 ratio. There were 125 stocks that had more buy pressure on balance, and 158 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.3 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.0%, compared with 39.0% 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 -$1.3 billion occurred at 1:45 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 1:30 PM and 1:45 PM when the sell pressure surpassed the buy pressure by a 6.2 to 1 ratio.
Flow by Sector
Technology experienced the biggest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $1.1 billion. 20 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 surpassed buy volume by 2.5 million shares. As of this afternoon, the average trade price on sell volume was $175.51. The stock has dropped $3.82, indicating weakness following the trade.