S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$947.7 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.6%. SPY stock last traded at $632.03. Large volume bursts in S&P 500 stocks reached 51.0 million shares worth a total of $8.6 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 1.3 to 1 ratio. There were 146 stocks that had more buy pressure on balance, and 125 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$947.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 62.1%, compared with 37.9% 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 +$947.7 million, however, the peak buy imbalance for the day occurred at 12:00 PM, when the net buy dollar volume was +$978.2 million. The largest spike in imbalance came between 11:15 AM and 11:30 AM when the buy pressure outweighed the sell pressure by a 4.7 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $380.1 million. 28 of the Technology stocks had positive dollar balance, versus 22 that were net negative.
Individual Stocks
AMD stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 2.2 million shares. As of this afternoon, the average trade price on sell volume was $161.14. The stock has fallen $11.52, indicating weakness following the trade.