S&P 500 is indicating institutional buying: Buy Imbalance reaches +$2.5 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.2%. SPY stock last traded at $694.04. Large volume bursts in S&P 500 stocks reached 50.1 million shares worth a total of $10.1 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 1.7 to 1 ratio. There were 155 stocks that had more buy pressure on balance, and 135 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$2.5 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 62.3%, compared with 37.7% 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 +$2.5 billion, however, the peak buy imbalance for the day occurred at 1:45 PM, when the net buy dollar volume was +$2.5 billion. The largest spike in imbalance came between 11:15 AM and 11:30 AM when the buy pressure outweighed the sell pressure by a 5.9 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $1.0 billion. 28 of the Technology stocks had positive dollar balance, versus 29 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 2.5 million shares. As of this afternoon, the average purchase price on buy volume was $193.66. The stock has rallied $5.50, indicating strength following the trade.