S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.5 billion
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 $687.26. Large volume bursts in S&P 500 stocks reached 79.8 million shares worth a total of $11.6 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 1.3 to 1 ratio. There were 138 stocks that had more buy pressure on balance, and 144 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.5 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 62.6%, compared with 37.4% 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 +$1.5 billion, however, the peak buy imbalance for the day occurred at 1:45 PM, when the net buy dollar volume was +$1.6 billion. The largest spike in imbalance came between 12:00 PM and 12:15 PM when the buy pressure outweighed the sell pressure by a 3.2 to 1 ratio.
Flow by Sector
Technology experienced the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $1.1 billion. 31 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 outpaced sell volume by 3.9 million shares. As of this afternoon, the average purchase price on buy volume was $195.23. The stock has gained $5.82, indicating strength following the trade.