S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.7 billion
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 $756.05. Large volume bursts in S&P 500 stocks reached 62.2 million shares worth a total of $14.1 billion in transactions. There was notable buy pressure in the Technology and Financial sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.3 to 1 ratio. There were 166 stocks that had more buy pressure on balance, and 129 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.7 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.3%, compared with 38.7% 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 +$1.7 billion, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$1.7 billion. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 4.6 to 1 ratio.
Flow by Sector
Technology experienced the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $1.7 billion. 33 of the Technology stocks had positive dollar balance, versus 26 that were net negative.
Individual Stocks
WBD stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts surpassed buy volume by 195,121 shares. As of this afternoon, the average trade price on sell volume was $27.02. The stock price decreased $0.01, indicating weakness following the trade.