S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$223.2 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 $733.86. Large volume bursts in S&P 500 stocks reached 48.3 million shares worth a total of $11.5 billion in transactions. There was notable buy pressure in the Health Care and Consumer Discretionary sectors. Overall, buy volume pressure surpassed sell volume pressure by 0.0%. There were 154 stocks that had more buy pressure on balance, and 124 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$223.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.3%, compared with 42.7% 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 +$223.2 million, however, the peak buy imbalance for the day occurred at 10:15 AM, when the net buy dollar volume was +$338.2 million. The lowest cumulative sell imbalance occurred at 11:30 AM, when the net sell reached -$345.6 million. The largest spike in imbalance came between 11:30 AM and 11:45 AM when the buy pressure outweighed the sell pressure by a 8.9 to 1 ratio.
Flow by Sector
Technology experienced the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $104.6 million. 19 of the Technology stocks had positive dollar balance, versus 39 that were net negative.
Individual Stocks
AAPL stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts surpassed sell volume by 808,922 shares. As of this afternoon, the average purchase price on buy volume was $277.72. The stock has rallied $4.42, indicating strength following the trade.