Market On Close Imbalance: $285M To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the buy-side with $285M. This could potentially impact the SPY ETF.
August 16, 2023 | 7:34 pm
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POSITIVE IMPACT
The market on close imbalance of $285M 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 75
IMPORTANCE 70
RELEVANCE 80