S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$4.0 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 $737.12. Large volume bursts in S&P 500 stocks reached 65.7 million shares worth a total of $15.4 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.8 to 1 ratio. There were 155 stocks that had more buy pressure on balance, and 132 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$4.0 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 67.4%, compared with 32.6% 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 +$4.0 billion, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$4.4 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 5.8 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 $3.7 billion. 41 of the Technology stocks had positive dollar balance, versus 15 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 4.1 million shares. As of this afternoon, the average purchase price on buy volume was $119.63. The stock has rallied $15.40, indicating strength following the trade.