S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$579.2 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 $604.28. Large volume bursts in S&P 500 stocks reached 54.5 million shares worth a total of $8.0 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Utilities sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.2 to 1 ratio. There were 135 stocks that had more buy pressure on balance, and 115 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$579.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.5%, compared with 41.5% 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 +$579.2 million, however, the peak buy imbalance for the day occurred at 10:45 AM, when the net buy dollar volume was +$1.3 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 4.6 to 1 ratio.
Flow by Sector
Consumer Discretionary had the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $1.0 billion. 13 of the Consumer Discretionary stocks had positive dollar balance, versus 12 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts outpaced sell volume by 2.3 million shares. As of this afternoon, the average purchase price on buy volume was $403.56. The stock price increased $18.70, indicating strength following the trade.
