Market On Close Imbalance: $279M To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $279M. This could potentially impact the SPY ETF.
August 07, 2023 | 7:31 pm
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POSITIVE IMPACT
The market on close imbalance of $279M to the buy-side may 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 market indicator.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80