S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$425.5 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 $605.23. Large volume bursts in S&P 500 stocks reached 37.4 million shares worth a total of $5.9 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.2 to 1 ratio. There were 99 stocks that had more buy pressure on balance, and 131 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$425.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.2%, compared with 38.8% 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 +$425.5 million, however, the peak buy imbalance for the day occurred at 11:45 AM, when the net buy dollar volume was +$672.0 million. The largest spike in imbalance came between 11:30 AM and 11:45 AM when the buy pressure outweighed the sell pressure by a 5.5 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 $520.7 million. 11 of the Consumer Discretionary 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 1.6 million shares. As of this afternoon, the average purchase price on buy volume was $135.45. The stock has gained $5.28, indicating strength following the trade.
