S&P 500 is indicating institutional buying: Buy Imbalance sits at +$1.3 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.4%. SPY stock last traded at $592.03. Large volume bursts in S&P 500 stocks reached 47.8 million shares worth a total of $7.0 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.5 to 1 ratio. There were 140 stocks that had more buy pressure on balance, and 101 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 57.2%, compared with 42.8% 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 1:00 PM, when the net buy dollar volume was +$1.5 billion. The lowest cumulative sell imbalance occurred at 10:00 AM, when the net sell reached -$97.6 million. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the buy pressure outweighed the sell pressure by a 3.7 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $418.2 million. 28 of the Technology stocks had positive dollar balance, versus 12 that were net negative.
Individual Stocks
KR stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts and sell volume bursts were equal throughout the day.
