S&P 500 is showing signs of institutional buying: Buy Imbalance reaches +$234.1 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.7%. SPY stock last traded at $594.47. Large volume bursts in S&P 500 stocks reached 68.0 million shares worth a total of $9.6 billion in transactions. There was notable buy pressure in the Financial and Energy sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 140 stocks that had more buy pressure on balance, and 113 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$234.1 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 59.9%, compared with 40.1% 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 +$234.1 million, however, the peak buy imbalance for the day occurred at 10:15 AM, when the net buy dollar volume was +$321.8 million. The lowest cumulative sell imbalance occurred at 10:45 AM, when the net sell reached -$107.6 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the sell pressure surpassed the buy pressure by a 6.3 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $111.3 million. 24 of the Technology stocks had positive dollar balance, versus 20 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 700,344 shares. As of this afternoon, the average trade price on sell volume was $144.76. Even though the sell pressure has been significant, the stock price has risen $0.84 on the day.
