Following Big Money Trades in S&P 500 Stocks

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S&P 500 is indicating institutional buying: Buy Imbalance sits at +$563.6 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 $529.97. Large volume bursts in S&P 500 stocks reached 31.7 million shares worth a total of $6.0 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.2 to 1 ratio. There were 117 stocks that had more buy pressure on balance, and 122 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$563.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.6%, compared with 41.4% 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 +$563.6 million, however, the peak buy imbalance for the day occurred at 11:45 AM, when the net buy dollar volume was +$762.4 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.6 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 $454.9 million. 17 of the Technology stocks had positive dollar balance, versus 21 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 192,464 shares. As of this afternoon, the average purchase price on buy volume was $951.97. Despite the buy pressure, the stock has dropped $0.21 on the day.