Market On Close Imbalance: $627M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $627M. This indicates a higher demand for stocks at the close of the market.
July 20, 2023 | 7:32 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may be impacted by the market on close imbalance. A buy-side imbalance could lead to increased demand for the ETF.
A market on close imbalance leaning towards the buy-side indicates a higher demand for stocks at the close of the market. This could lead to increased demand for the SPY ETF, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50