Market On Close Imbalance: $632M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $632M. This could potentially impact the overall market sentiment and the performance of broad market ETFs like SPY.
July 31, 2023 | 7:51 pm
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NEGATIVE IMPACT
The sell-side imbalance of $632M could potentially impact the performance of SPY, a broad market ETF.
A sell-side imbalance indicates that there are more sellers than buyers in the market. This could lead to a decrease in stock prices, including those within the SPY ETF. As SPY is a broad market ETF, it is likely to be impacted by overall market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75