S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$1.1 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.4%. SPY stock last traded at $540.78. Large volume bursts in S&P 500 stocks reached 43.6 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 1.6 to 1 ratio. There were 124 stocks that had more buy pressure on balance, and 95 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.1 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.3%, compared with 39.7% 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 +$1.1 billion occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The largest spike in imbalance came between 12:45 PM and 1:00 PM when the buy pressure outweighed the sell pressure by a 5.2 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 $619.1 million. 25 of the Technology stocks had positive dollar balance, versus 15 that were net negative.
Individual Stocks
SBUX stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 427,741 shares. As of this afternoon, the average trade price on sell volume was $93.24. Even though the sell pressure has been significant, the stock price has risen $16.48 on the day.
