Market On Close Imbalance: $202M To Sell-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the sell-side with $202M. This indicates a potential increase in selling pressure towards the end of the trading day.
August 14, 2023 | 7:47 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience increased selling pressure due to the market on close imbalance leaning towards the sell-side.
The market on close imbalance indicates the net value of orders to buy or sell a security at the market close. In this case, there is a $202M imbalance towards the sell-side, which suggests there may be increased selling pressure towards the end of the trading day. As SPY is a broad market ETF, it is likely to be impacted by this overall market trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50