Market On Close Imbalance: $401M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $401M. This indicates a higher demand for stocks at the close of the market.
July 14, 2023 | 7:33 pm
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The SPDR S&P 500 ETF (SPY) could be impacted by the market on close imbalance leaning towards the buy-side.
The market on close imbalance indicates a higher demand for stocks at the close of the market. As SPY is a popular ETF that tracks the S&P 500, it could see increased buying pressure, potentially leading to a short-term increase in its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50