S&P 500 is indicating institutional buying: Buy Imbalance hits +$317.7 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 $694.94. Large volume bursts in S&P 500 stocks reached 66.1 million shares worth a total of $10.2 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure surpassed sell volume pressure by 0.0%. There were 163 stocks that had more buy pressure on balance, and 131 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$317.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.6%, compared with 41.4% 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 +$317.7 million, however, the peak buy imbalance for the day occurred at 10:00 AM, when the net buy dollar volume was +$914.1 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 4.8 to 1 ratio.
Flow by Sector
Technology experienced the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $606.6 million. 32 of the Technology stocks had positive dollar balance, versus 22 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 exceeded sell volume by 1.5 million shares. As of this afternoon, the average purchase price on buy volume was $48.43. The stock has gained $4.79, indicating strength following the trade.