Market On Close Imbalance: $3.1B To Buy-Side
Portfolio Pulse from Happy Mohamed
The market on close imbalance is leaning towards the buy-side with $3.1 billion. This indicates a potential increase in demand for stocks at the close of the market.
September 07, 2023 | 7:53 pm
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The SPY ETF, which tracks the S&P 500, may see increased demand due to the market on close imbalance leaning towards the buy-side.
The market on close imbalance indicates the net difference between buy and sell orders at the close of the market. A buy-side imbalance suggests there may be more demand for stocks, which could potentially drive up prices. As SPY tracks the S&P 500, it is likely to be impacted by this trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75