S&P 500 is showing signs of institutional buying: Buy Imbalance reaches +$959.3 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.9%. SPY stock last traded at $547.87. Large volume bursts in S&P 500 stocks reached 44.7 million shares worth a total of $6.9 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.3 to 1 ratio. There were 118 stocks that had more buy pressure on balance, and 94 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$959.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 65.4%, compared with 34.6% 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 of +$959.3 million occurred at 2:15 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 10:30 AM, when the net sell reached -$654.1 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 11.6 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $447.1 million. 24 of the Technology stocks had positive dollar balance, versus 14 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 2.6 million shares. As of this afternoon, the average trade price on sell volume was $131.28. Even though the sell pressure has been significant, the stock price has risen $0.38 on the day.
