S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$115.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.7%. SPY stock last traded at $590.91. Large volume bursts in S&P 500 stocks reached 18.4 million shares worth a total of $3.1 billion in transactions. There was notable buy pressure in the Technology and Consumer Staples sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 70 stocks that had more buy pressure on balance, and 84 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$115.8 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 65.0%, compared with 35.0% 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 +$115.8 million, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$134.6 million. The lowest cumulative sell imbalance occurred at 10:30 AM, when the net sell reached -$246.4 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 3.4 to 1 ratio.
Flow by Sector
Technology had the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $334.0 million. 13 of the Technology stocks had positive dollar balance, versus 19 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 2.5 million shares. As of this afternoon, the average purchase price on buy volume was $138.59. The stock has rallied $2.72, indicating strength following the trade.
