S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$956.1 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.8%. SPY stock last traded at $604.06. Large volume bursts in S&P 500 stocks reached 74.2 million shares worth a total of $10.1 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 144 stocks that had more buy pressure on balance, and 138 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$956.1 million 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 is +$956.1 million, however, the peak buy imbalance for the day occurred at 12:30 PM, when the net buy dollar volume was +$983.7 million. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$463.3 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 2.2 to 1 ratio.
Flow by Sector
Technology experienced the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $944.2 million. 27 of the Technology stocks had positive dollar balance, versus 21 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 2.9 million shares. As of this afternoon, the average purchase price on buy volume was $123.62. The stock has gained $7.95, indicating strength following the trade.
