S&P 500 is showing signs of institutional buying: Buy Imbalance reaches +$281.8 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 $585.49. Large volume bursts in S&P 500 stocks reached 46.3 million shares worth a total of $5.8 billion in transactions. There was notable buy pressure in the Technology and Financial sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 116 stocks that had more buy pressure on balance, and 117 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$281.8 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.6%, compared with 45.4% 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 +$281.8 million, however, the peak buy imbalance for the day occurred at 10:30 AM, when the net buy dollar volume was +$786.2 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the buy pressure outweighed the sell pressure by a 5.8 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 $286.1 million. 25 of the Technology stocks had positive dollar balance, versus 15 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 1.1 million shares. As of this afternoon, the average purchase price on buy volume was $120.48. The stock price increased $0.80, indicating strength following the trade.
