S&P 500 is indicating institutional buying: Buy Imbalance reaches +$522.3 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 $610.66. Large volume bursts in S&P 500 stocks reached 46.8 million shares worth a total of $6.7 billion in transactions. There was notable buy pressure in the Technology and Financial sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.2 to 1 ratio. There were 147 stocks that had more buy pressure on balance, and 124 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$522.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 59.9%, compared with 40.1% 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 of +$522.3 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 10:00 AM, when the net sell reached -$16.6 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 2.9 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 $538.3 million. 27 of the Technology stocks had positive dollar balance, versus 20 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 exceeded sell volume by 1.5 million shares. As of this afternoon, the average purchase price on buy volume was $137.40. The stock has rallied $2.00, indicating strength following the trade.
