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 17, 2023 | 7:33 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may 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. This could potentially increase the price of SPY in the short term as it is a broad market ETF that tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50