S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$297.6 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 $603.33. Large volume bursts in S&P 500 stocks reached 45.6 million shares worth a total of $5.2 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 112 stocks that had more buy pressure on balance, and 124 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$297.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.2%, compared with 39.8% 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 +$297.6 million, however, the peak buy imbalance for the day occurred at 10:15 AM, when the net buy dollar volume was +$420.2 million. The lowest cumulative sell imbalance occurred at 11:00 AM, when the net sell reached -$74.5 million. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the sell pressure surpassed the buy pressure by a 4.9 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $330.2 million. 24 of the Technology stocks had positive dollar balance, versus 16 that were net negative.
Individual Stocks
SMCI stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts surpassed buy volume by 1.6 million shares. As of this afternoon, the average trade price on sell volume was $42.00. The stock price decreased $1.06, indicating weakness following the trade.
