S&P 500 is indicating institutional buying: Buy Imbalance sits at +$713.7 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 $695.14. Large volume bursts in S&P 500 stocks reached 55.6 million shares worth a total of $8.2 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 1.2 to 1 ratio. There were 167 stocks that had more buy pressure on balance, and 118 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$713.7 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 52.4% of the large volume transactions being made off-exchange, while only 47.6% was traded on lit exchanges. 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 +$713.7 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 11:45 AM, when the net sell reached -$277.1 million. The largest spike in imbalance came between 11:45 AM and 12:00 PM when the buy pressure outweighed the sell pressure by a 3.7 to 1 ratio.
Flow by Sector
Technology saw the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $314.1 million. 30 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts surpassed sell volume by 7,825 shares. As of this afternoon, the average purchase price on buy volume was $44.92. Despite the buy pressure, the stock has dropped $1.25 on the day.