Market On Close Imbalance: $263M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $263M. This indicates a higher demand for stocks at the close of the market.
July 05, 2023 | 7:31 pm
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POSITIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the market on close imbalance. A buy-side imbalance could lead to a potential increase in the ETF's price.
A market on close imbalance leaning towards the buy-side indicates a higher demand for stocks at the close of the market. This could potentially lead to an increase in the price of stocks and ETFs that track these stocks, such as the SPY ETF which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50