S&P 500 is indicating institutional buying: Buy Imbalance hits +$930.6 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.4%. SPY stock last traded at $584.66. Large volume bursts in S&P 500 stocks reached 58.1 million shares worth a total of $6.9 billion in transactions. There was notable buy pressure in the Technology and Health Care sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.3 to 1 ratio. There were 145 stocks that had more buy pressure on balance, and 122 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$930.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 53.4%, compared with 46.6% 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 +$930.6 million, however, the peak buy imbalance for the day occurred at 1:45 PM, when the net buy dollar volume was +$935.5 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 8.0 to 1 ratio.
Flow by Sector
Technology experienced the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $829.6 million. 27 of the Technology stocks had positive dollar balance, versus 17 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 4.9 million shares. As of this afternoon, the average purchase price on buy volume was $139.86. The stock has rallied $4.16, indicating strength following the trade.
