S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.1 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 $603.16. Large volume bursts in S&P 500 stocks reached 44.3 million shares worth a total of $5.9 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.5 to 1 ratio. There were 137 stocks that had more buy pressure on balance, and 135 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.1 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.9%, compared with 42.1% 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 +$1.1 billion, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$1.1 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 2.8 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 $330.7 million. 23 of the Technology stocks had positive dollar balance, versus 21 that were net negative.
Individual Stocks
SMCI stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 1.4 million shares. As of this afternoon, the average trade price on sell volume was $40.32. Even though the sell pressure has been significant, the stock price has risen $1.35 on the day.
