Market On Close Imbalance: $592M To Buy Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy side with $592M. This could potentially impact the SPY ETF.
August 04, 2023 | 2:36 pm
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The market on close imbalance of $592M to the buy side could potentially impact the SPY ETF.
A market on close imbalance towards the buy side indicates a higher demand for stocks at the end of the trading day. This could potentially lead to an increase in the price of the SPY ETF, which tracks the S&P 500 index, as it is a broad representation of the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80