S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.2 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.7%. SPY stock last traded at $694.57. Large volume bursts in S&P 500 stocks reached 64.8 million shares worth a total of $8.3 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.4 to 1 ratio. There were 161 stocks that had more buy pressure on balance, and 127 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.2 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 51.0%, compared with 49.0% 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 of +$1.2 billion occurred at 1:45 PM. This also represented the peak buy imbalance for the day. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the buy pressure outweighed the sell pressure by a 9.4 to 1 ratio.
Flow by Sector
Technology experienced the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $857.7 million. 26 of the Technology stocks had positive dollar balance, versus 24 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 4.7 million shares. As of this afternoon, the average purchase price on buy volume was $44.52. The stock has gained $4.33, indicating strength following the trade.