S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$942.4 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 $554.97. Large volume bursts in S&P 500 stocks reached 28.0 million shares worth a total of $5.4 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.4 to 1 ratio. There were 82 stocks that had more buy pressure on balance, and 87 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$942.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 77.7%, compared with 22.3% 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 +$942.4 million, however, the peak buy imbalance for the day occurred at 12:00 PM, when the net buy dollar volume was +$1.0 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.1 to 1 ratio.
Flow by Sector
Technology saw the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $943.9 million. 20 of the Technology stocks had positive dollar balance, versus 15 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 2.7 million shares. As of this afternoon, the average purchase price on buy volume was $129.13. The stock has gained $2.94, indicating strength following the trade.
