S&P 500 is indicating institutional selling: Sell Imbalance reaches -$295.6 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.7%. SPY stock last traded at $742.58. Large volume bursts in S&P 500 stocks reached 50.0 million shares worth a total of $10.4 billion in transactions. There was notable buy pressure in the Technology and Materials sectors. Overall, sell volume pressure outpaced buy volume pressure by 6.2%. There were 117 stocks that had more buy pressure on balance, and 176 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$295.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.5%, compared with 39.5% 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 -$295.6 million, however, the furthest sell imbalance for the day occurred at 12:15 PM, when the net sell dollar volume was -$644.4 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 2.5 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $437.1 million. 28 of the Technology stocks had positive dollar balance, versus 28 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 484,478 shares. As of this afternoon, the average trade price on sell volume was $226.67. The stock has fallen $5.49, indicating weakness following the trade.