S&P 500 is indicating institutional buying: Buy Imbalance hits +$1.3 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 2.5%. SPY stock last traded at $675.54. Large volume bursts in S&P 500 stocks reached 60.2 million shares worth a total of $10.9 billion in transactions. There was notable buy pressure in the Communication Services and Technology sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.3 to 1 ratio. There were 176 stocks that had more buy pressure on balance, and 159 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.3 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.6%, compared with 36.4% 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 +$1.3 billion, however, the peak buy imbalance for the day occurred at 1:00 PM, when the net buy dollar volume was +$1.3 billion. The lowest cumulative sell imbalance occurred at 11:00 AM, when the net sell reached -$49.2 million. The largest spike in imbalance came between 12:15 PM and 12:30 PM when the buy pressure outweighed the sell pressure by a 5.4 to 1 ratio.
Flow by Sector
Technology experienced the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $593.3 million. 26 of the Technology stocks had positive dollar balance, versus 33 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 outpaced sell volume by 1.5 million shares. As of this afternoon, the average purchase price on buy volume was $57.41. The stock has gained $5.94, indicating strength following the trade.