S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$371.8 million
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 $686.37. Large volume bursts in S&P 500 stocks reached 94.2 million shares worth a total of $7.8 billion in transactions. There was notable buy pressure in the Communication Services and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 165 stocks that had more buy pressure on balance, and 118 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$371.8 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 52.4% of the large volume transactions being made off-exchange, while only 47.6% was traded on lit exchanges. 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 +$371.8 million, however, the peak buy imbalance for the day occurred at 11:15 AM, when the net buy dollar volume was +$913.8 million. The largest spike in imbalance came between 11:15 AM and 11:30 AM when the sell pressure surpassed the buy pressure by a 4.3 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $92.4 million. 24 of the Technology stocks had positive dollar balance, versus 21 that were net negative.
Individual Stocks
WBD stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 1.4 million shares. As of this afternoon, the average purchase price on buy volume was $25.33. The stock price increased $1.22, indicating strength following the trade.