S&P 500 is indicating institutional buying: Buy Imbalance hits +$350.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.1%. SPY stock last traded at $678.46. Large volume bursts in S&P 500 stocks reached 51.7 million shares worth a total of $9.6 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure surpassed sell volume pressure by 0.0%. There were 134 stocks that had more buy pressure on balance, and 156 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$350.8 million 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 +$350.8 million, however, the peak buy imbalance for the day occurred at 11:15 AM, when the net buy dollar volume was +$624.8 million. The lowest cumulative sell imbalance occurred at 10:15 AM, when the net sell reached -$216.3 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the buy pressure outweighed the sell pressure by a 6.2 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 $224.0 million. 27 of the Technology stocks had positive dollar balance, versus 24 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 1.0 million shares. As of this afternoon, the average purchase price on buy volume was $485.66. The stock price increased $20.80, indicating strength following the trade.