S&P 500 is indicating institutional buying: Buy Imbalance reaches +$347.3 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 $656.75. Large volume bursts in S&P 500 stocks reached 37.9 million shares worth a total of $5.4 billion in transactions. There was notable buy pressure in the Health Care and Technology sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 149 stocks that had more buy pressure on balance, and 123 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$347.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.0%, compared with 42.0% 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 +$347.3 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 11:15 AM, when the net sell reached -$591.6 million. The largest spike in imbalance came between 11:45 AM and 12:00 PM when the buy pressure outweighed the sell pressure by a 7.9 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 $105.4 million. 22 of the Technology stocks had positive dollar balance, versus 25 that were net negative.
Individual Stocks
VTRS stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts outpaced sell volume by 5.1 million shares. As of this afternoon, the average purchase price on buy volume was $13.22. Despite the buy pressure, the stock has dropped $0.03 on the day.