Market On Close Imbalance: $2B To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $2 billion. This indicates a potential increase in demand for stocks at the close of the market.
August 23, 2023 | 7:51 pm
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The SPDR S&P 500 ETF (SPY) may be impacted by the market on close imbalance. Increased buying pressure could potentially drive up the price of SPY.
The market on close imbalance indicates a higher demand for stocks at the close of the market. This increased buying pressure could potentially drive up the price of stocks, including SPY. However, the exact impact on SPY will depend on the specific stocks being bought.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50