S&P 500 is indicating institutional buying: Buy Imbalance reaches +$587.3 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.6%. SPY stock last traded at $685.46. Large volume bursts in S&P 500 stocks reached 55.1 million shares worth a total of $10.2 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Financial sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 164 stocks that had more buy pressure on balance, and 133 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$587.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.1%, compared with 45.9% 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 +$587.3 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 10:30 AM, when the net sell reached -$576.1 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 3.2 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $93.7 million. 30 of the Technology stocks had positive dollar balance, versus 22 that were net negative.
Individual Stocks
F stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts surpassed sell volume by 1.3 million shares. As of this afternoon, the average purchase price on buy volume was $14.21. The stock has gained $0.29, indicating strength following the trade.