S&P 500 is indicating institutional buying: Buy Imbalance reaches +$209.7 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 $683.82. Large volume bursts in S&P 500 stocks reached 38.8 million shares worth a total of $6.2 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 133 stocks that had more buy pressure on balance, and 105 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$209.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 56.1%, compared with 43.9% 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 +$209.7 million, however, the peak buy imbalance for the day occurred at 1:00 PM, when the net buy dollar volume was +$282.6 million. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$191.3 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 1.8 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $140.0 million. 25 of the Technology stocks had positive dollar balance, versus 18 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 112,898 shares. As of this afternoon, the average trade price on sell volume was $184.53. The stock has dropped $0.83, indicating weakness following the trade.