S&P 500 is showing signs of institutional buying: Buy Imbalance reaches +$84.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.0%. SPY stock last traded at $638.75. Large volume bursts in S&P 500 stocks reached 41.1 million shares worth a total of $5.7 billion in transactions. There was notable buy pressure in the Industrials and Financial sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 123 stocks that had more buy pressure on balance, and 134 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$84.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.6%, compared with 39.4% 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 +$84.0 million, however, the peak buy imbalance for the day occurred at 10:00 AM, when the net buy dollar volume was +$400.9 million. The lowest cumulative sell imbalance occurred at 12:30 PM, when the net sell reached -$156.2 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.7 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $104.5 million. 21 of the Technology stocks had positive dollar balance, versus 24 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 727,815 shares. As of this afternoon, the average trade price on sell volume was $168.97. The stock price decreased $4.73, indicating weakness following the trade.