S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.2 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.6%. SPY stock last traded at $607.59. Large volume bursts in S&P 500 stocks reached 53.4 million shares worth a total of $8.2 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Communication Services sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.4 to 1 ratio. There were 135 stocks that had more buy pressure on balance, and 117 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.2 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 66.1%, compared with 33.9% 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 of +$1.2 billion occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 10:30 AM, when the net sell reached -$186.2 million. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the buy pressure outweighed the sell pressure by a 4.0 to 1 ratio.
Flow by Sector
Technology saw the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $198.9 million. 32 of the Technology stocks had positive dollar balance, versus 14 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 2.3 million shares. As of this afternoon, the average trade price on sell volume was $131.36. The stock has fallen $3.46, indicating weakness following the trade.
