S&P 500 is indicating institutional buying: Buy Imbalance reaches +$202.3 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 $616.00. Large volume bursts in S&P 500 stocks reached 47.5 million shares worth a total of $5.9 billion in transactions. There was notable buy pressure in the Technology and Health Care sectors. Overall, buy volume pressure surpassed sell volume pressure by 0.0%. There were 116 stocks that had more buy pressure on balance, and 97 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$202.3 million 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 of +$202.3 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 11:30 AM, when the net sell reached -$187.0 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 1.8 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $176.3 million. 22 of the Technology stocks had positive dollar balance, versus 18 that were net negative.
Individual Stocks
JNPR stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 3.6 million shares. As of this afternoon, the average trade price on sell volume was $39.91. Even though the sell pressure has been significant, the stock price has risen $3.06 on the day.