S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$1.2 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.8%. SPY stock last traded at $592.50. Large volume bursts in S&P 500 stocks reached 52.8 million shares worth a total of $7.9 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 1.4 to 1 ratio. There were 140 stocks that had more buy pressure on balance, and 145 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.2 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 51.5%, compared with 48.5% 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 +$1.2 billion, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$1.2 billion. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 5.4 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $429.5 million. 25 of the Technology stocks had positive dollar balance, versus 19 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 2.0 million shares. As of this afternoon, the average purchase price on buy volume was $134.57. The stock has gained $3.78, indicating strength following the trade.
