S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$768.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is unchanged. SPY stock last traded at $509.80. Large volume bursts in S&P 500 stocks reached 38.5 million shares worth a total of $6.9 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.3 to 1 ratio. There were 117 stocks that had more buy pressure on balance, and 105 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$768.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.6%, compared with 42.4% being transacted in the dark pool. To learn more about large volume trades, check out our help section.
Daily Chart: Large Volume Bursts Over Time
As you can see from the chart below, the most recent cumulative buy imbalance is +$768.0 million, however, the peak buy imbalance for the day occurred at 1:45 PM, when the net buy dollar volume was +$857.0 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the buy pressure outweighed the sell pressure by a 4.5 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $170.3 million. 20 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 4.5 million shares. As of this afternoon, the average purchase price on buy volume was $191.51. The stock has gained $24.88, indicating strength following the trade.
