The Marked Chart Wire · Series of events
Series of events · Market Imbalances
S&P 500 and Nasdaq order imbalances shift through October
A series of wire reports tracks the changing direction of market order imbalances for major US indices over several weeks.
Updated
The flow in 3 points
- S&P 500 net selling peaked at 2.95 billion shares early in the period
- Imbalances turned positive for S&P and Dow 30 before the final report
- Final report cites $1.05 billion net short imbalance for the S&P 500
What happened, in order
Times are Eastern-
Where it began
Heavy net selling
Net selling reached 2.95 billion shares in the S&P 500 and 1.49 billion in the Nasdaq 100, with negative imbalances in the Dow 30 and Magnificent Seven.
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Imbalances shrink
Negative imbalances fell to minus 771.2 million for the S&P 500 and minus 309.7 million for the Nasdaq 100, while the Dow 30 and Mag 7 stayed negative.
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Turning point
Monday open buying
Monday open imbalances turned positive, reaching 1.4 billion shares for the S&P 500 and 600 million for the Nasdaq 100, with the Dow 30 and Magnificent Seven also positive.
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Mixed index flows
The S&P 500 recorded 101.4 million in net buying, while the Nasdaq 100, Dow 30, and Magnificent Seven saw net selling of 14.2, 14.7, and 1.8 million respectively.
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Selling returns
Imbalances turned negative again, with the S&P 500 showing the largest deficit at 2.38 billion, while the Nasdaq 100, Dow Jones, and Magnificent Seven were also negative.
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Deficits widen
The S&P 500 recorded a negative imbalance of 3.61 billion, and the Nasdaq 100 showed a 3.05 billion deficit, with the Dow 30 and Magnificent Seven also negative.
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S&P and Dow turn positive
The S&P 500 and Dow 30 recorded positive imbalances of 285.5 million and 404.2 million respectively, while the Nasdaq 100 and Magnificent Seven remained negative.
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Latest
Dollar-based shorts
Data showed a net short imbalance of $1.05 billion for the S&P 500, $2.06 billion for the Nasdaq 100, and $136.7 million for the Dow Jones Industrial Average.
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How they connect
The series begins with heavy net selling in the S&P 500 and Nasdaq, which later narrowed before turning positive at the Monday open. Subsequent reports show a return to negative imbalances that widened before shifting to positive for the S&P and Dow, ending with a report of net short imbalances in dollar terms.
The stocks in this series
Prices from Based on Tue, Oct 27 close · Opens Wed 9:30 AM ET. Each tile opens the stock's chart and news.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.