S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$250.5 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 $601.07. Large volume bursts in S&P 500 stocks reached 51.0 million shares worth a total of $7.4 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Communication Services sectors. Overall, buy volume pressure surpassed sell volume pressure by 0.0%. There were 129 stocks that had more buy pressure on balance, and 127 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$250.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 55.8%, compared with 44.2% 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 +$250.5 million occurred at 2:15 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$87.5 million. The largest spike in imbalance came between 11:30 AM and 11:45 AM when the sell pressure surpassed the buy pressure by a 3.7 to 1 ratio.
Flow by Sector
Consumer Discretionary saw the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $381.4 million. 14 of the Consumer Discretionary stocks had positive dollar balance, versus 15 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 3.5 million shares. As of this afternoon, the average purchase price on buy volume was $21.22. The stock price increased $1.67, indicating strength following the trade.
