Market On Close Imbalance: $641M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is showing a $641 million sell-side imbalance, indicating a potential short-term downward pressure on stock prices.
June 01, 2023 | 7:51 pm
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NEGATIVE IMPACT
The $641 million sell-side imbalance may lead to short-term downward pressure on the SPY ETF.
A sell-side imbalance of $641 million indicates that there is more selling pressure than buying pressure in the market. This can lead to a short-term decline in stock prices, including the SPY ETF, which tracks the S&P 500 index. The impact on SPY is relevant as it is a broad market indicator, but the importance is moderate as the imbalance can change quickly and may not have a lasting effect.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50