S&P 500 is indicating institutional buying: Buy Imbalance sits at +$614.3 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 $559.48. Large volume bursts in S&P 500 stocks reached 32.2 million shares worth a total of $4.0 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.4 to 1 ratio. There were 110 stocks that had more buy pressure on balance, and 113 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$614.3 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 56.8% of the large volume transactions being made off-exchange, while only 43.2% 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 of +$614.3 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the buy pressure outweighed the sell pressure by a 2.9 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $396.0 million. 14 of the Consumer Discretionary stocks had positive dollar balance, versus 11 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 1.3 million shares. As of this afternoon, the average purchase price on buy volume was $271.31. The stock has gained $15.26, indicating strength following the trade.
