Market On Close Imbalance: $103M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is reported to be $103 million to the buy-side, indicating a potential increase in stock prices.
June 02, 2023 | 7:31 pm
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POSITIVE IMPACT
The buy-side imbalance of $103 million may lead to a short-term increase in the price of SPY.
A buy-side imbalance indicates that there are more buy orders than sell orders at the market close. This can lead to an increase in stock prices, including the SPY ETF, as demand outpaces supply. However, the impact may be short-lived and depends on other market factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50