S&P 500 is indicating institutional buying: Buy Imbalance sits at +$660.3 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 $692.72. Large volume bursts in S&P 500 stocks reached 73.8 million shares worth a total of $9.6 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 148 stocks that had more buy pressure on balance, and 154 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$660.3 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 50.6% of the large volume transactions being made off-exchange, while only 49.4% 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 +$660.3 million occurred at 1:45 PM. This also represented the peak buy imbalance for the day. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 1.8 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $471.9 million. 27 of the Technology stocks had positive dollar balance, versus 23 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 outpaced sell volume by 3.1 million shares. As of this afternoon, the average purchase price on buy volume was $43.11. The stock has gained $2.98, indicating strength following the trade.