S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.3 billion
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 $595.27. Large volume bursts in S&P 500 stocks reached 61.7 million shares worth a total of $7.9 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Industrials sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.4 to 1 ratio. There were 148 stocks that had more buy pressure on balance, and 102 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.3 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.2%, compared with 47.8% 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 +$1.3 billion, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$1.4 billion. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the buy pressure outweighed the sell pressure by a 10.0 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $1.1 billion. 18 of the Consumer Discretionary stocks had positive dollar balance, versus 12 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 3.6 million shares. As of this afternoon, the average trade price on sell volume was $143.08. The stock price decreased $4.72, indicating weakness following the trade.
