S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$451.2 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 $662.78. Large volume bursts in S&P 500 stocks reached 47.8 million shares worth a total of $7.6 billion in transactions. There was notable buy pressure in the Technology and Health Care sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 125 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 +$451.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 67.1%, compared with 32.9% 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 +$451.2 million, however, the peak buy imbalance for the day occurred at 11:00 AM, when the net buy dollar volume was +$585.6 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 2.3 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 $592.5 million. 29 of the Technology stocks had positive dollar balance, versus 21 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 999,564 shares. As of this afternoon, the average trade price on sell volume was $29.85. The stock has fallen $0.86, indicating weakness following the trade.