S&P 500 is showing signs of institutional buying: Buy Imbalance sits at +$2.4 billion
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 $742.60. Large volume bursts in S&P 500 stocks reached 68.2 million shares worth a total of $11.6 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 1.6 to 1 ratio. There were 150 stocks that had more buy pressure on balance, and 143 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$2.4 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 60.8%, compared with 39.2% 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 +$2.4 billion, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$2.5 billion. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the buy pressure outweighed the sell pressure by a 2.8 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 $1.1 billion. 37 of the Technology stocks had positive dollar balance, versus 19 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 outpaced sell volume by 9.4 million shares. As of this afternoon, the average purchase price on buy volume was $13.04. The stock price increased $1.63, indicating strength following the trade.