S&P 500 is indicating institutional buying: Buy Imbalance sits at +$465.5 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.5%. SPY stock last traded at $695.91. Large volume bursts in S&P 500 stocks reached 69.7 million shares worth a total of $9.5 billion in transactions. There was notable buy pressure in the Technology and Financial sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 149 stocks that had more buy pressure on balance, and 129 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$465.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 56.6%, compared with 43.4% 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 +$465.5 million, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$612.3 million. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$336.0 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 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 $545.0 million. 26 of the Technology stocks had positive dollar balance, versus 20 that were net negative.
Individual Stocks
KVUE stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 2.8 million shares. As of this afternoon, the average trade price on sell volume was $17.62. Even though the sell pressure has been significant, the stock price has risen $0.02 on the day.