S&P 500 is showing signs of institutional buying: Buy Imbalance reaches +$207.0 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 $549.42. Large volume bursts in S&P 500 stocks reached 32.6 million shares worth a total of $4.2 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 108 stocks that had more buy pressure on balance, and 120 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$207.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 53.1%, compared with 46.9% 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 +$207.0 million, however, the peak buy imbalance for the day occurred at 10:30 AM, when the net buy dollar volume was +$448.7 million. The largest spike in imbalance came between 11:30 AM and 11:45 AM when the sell pressure surpassed the buy pressure by a 3.6 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $389.7 million. 13 of the Consumer Discretionary stocks had positive dollar balance, versus 12 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 313,552 shares. As of this afternoon, the average purchase price on buy volume was $107.89. The stock price increased $0.84, indicating strength following the trade.
