S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$509.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.0%. SPY stock last traded at $668.78. Large volume bursts in S&P 500 stocks reached 43.5 million shares worth a total of $7.7 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 1.2 to 1 ratio. There were 138 stocks that had more buy pressure on balance, and 141 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$509.8 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 +$509.8 million, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$555.4 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 2.3 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 $761.1 million. 30 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 1.2 million shares. As of this afternoon, the average purchase price on buy volume was $184.59. The stock has rallied $4.07, indicating strength following the trade.