S&P 500 is showing signs of institutional buying: Buy Imbalance hits +$1.4 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.8%. SPY stock last traded at $723.92. Large volume bursts in S&P 500 stocks reached 58.3 million shares worth a total of $13.1 billion in transactions. There was notable buy pressure in the Technology and Energy sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 169 stocks that had more buy pressure on balance, and 134 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.4 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.0%, compared with 37.0% 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 is +$1.4 billion, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$1.4 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.5 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 $1.6 billion. 33 of the Technology stocks had positive dollar balance, versus 22 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 exceeded sell volume by 1.6 million shares. As of this afternoon, the average purchase price on buy volume was $107.20. The stock has rallied $13.57, indicating strength following the trade.