S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$650.6 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 $545.09. Large volume bursts in S&P 500 stocks reached 39.0 million shares worth a total of $4.8 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.3 to 1 ratio. There were 100 stocks that had more buy pressure on balance, and 92 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$650.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.1%, compared with 41.9% 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 +$650.6 million, however, the peak buy imbalance for the day occurred at 2:00 PM, when the net buy dollar volume was +$673.7 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 5.7 to 1 ratio.
Flow by Sector
Technology saw the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $265.9 million. 23 of the Technology stocks had positive dollar balance, versus 13 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 795,735 shares. As of this afternoon, the average trade price on sell volume was $123.95. The stock has fallen $2.04, indicating weakness following the trade.
