S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$170.5 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 $442.36. Large volume bursts in S&P 500 stocks reached 29.6 million shares worth a total of $4.1 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 92 stocks that had more buy pressure on balance, and 103 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$170.5 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 60.0% of the large volume transactions being made off-exchange, while only 40.0% was traded on lit exchanges. 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 of +$170.5 million occurred at 2:15 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 12:15 PM, when the net sell reached -$253.6 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 3.4 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $112.4 million. 15 of the Consumer Discretionary stocks had positive dollar balance, versus 10 that were net negative.
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 678,808 shares. As of this afternoon, the average purchase price on buy volume was $264.98. The stock has rallied $1.90, indicating strength following the trade.