S&P 500 is indicating institutional buying: Buy Imbalance sits at +$969.5 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.7%. SPY stock last traded at $607.46. Large volume bursts in S&P 500 stocks reached 54.6 million shares worth a total of $8.7 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 1.3 to 1 ratio. There were 111 stocks that had more buy pressure on balance, and 136 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$969.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.7%, compared with 38.3% 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 +$969.5 million, however, the peak buy imbalance for the day occurred at 10:45 AM, when the net buy dollar volume was +$1.1 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 2.8 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 $1.1 billion. 23 of the Technology stocks had positive dollar balance, versus 22 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 6.0 million shares. As of this afternoon, the average purchase price on buy volume was $146.52. The stock price increased $6.51, indicating strength following the trade.
