DISCLAIMER: This watchlist is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your financial situation before making any investment decisions.
Looking for the hottest stocks to trade today amid the market crash? Here’s my technical analysis of 5 promising stocks to watch on Monday, with detailed chart analysis and trading setups for each.
$SPY – SPDR S&P 500 ETF Trust
The SPY is in freefall as futures indicate a massive gap down of over 5% at the open, with Dow futures plunging 1,700 points. This comes after an historic two-day plunge last week following President Trump’s shocking tariff announcements, with the S&P 500 falling a total of 10.53% on Thursday and Friday.
The ETF is now approaching critical support at $485, which aligns with the December 2024 lows. If this level fails to hold, the next major support zone is at $480, followed by stronger support at $467 (the 200-day moving average). The most significant support sits at $450, which would represent a full bear market (20% decline from highs). With extreme oversold conditions and panic selling evident, watch for potential intraday reversals – historically, after two-day drops of more than 7%, the SPY has averaged a 4.54% bounce the following day, with positive returns 16 out of 19 times.
$QQQ – Invesco QQQ Trust
The QQQ, which tracks the tech-heavy Nasdaq 100, is set to open sharply lower today, potentially extending its year-to-date decline beyond -8.2%. The ETF has already broken below its 200-day moving average, a significant bearish signal, and is now approaching critical support levels.
Key support to watch is at $430, which aligns with last year’s March peak and closely matches troughs from May and September. This level is crucial – if breached, the next major support sits at $420.45, which represents the projected bottom line of the next trend according to fan theory. With the ETF already down 8.67% since the pivot top point on March 25, and volume rising on falling prices, further downside appears likely. However, with the RSI approaching extreme oversold territory, traders should be alert for potential intraday reversals, especially if panic selling subsides.
$CVS – CVS Health Corporation
CVS Health has been the best-performing stock in the S&P 500 this year with an impressive 50.9% gain, making it a potential safe haven during the current market turmoil. As a healthcare provider with primarily domestic operations, CVS is relatively insulated from the tariff concerns plaguing tech and manufacturing companies.
The stock is currently testing resistance at $95, which has capped upward movement twice in recent weeks. A break above this level could trigger a move toward the next resistance at $100 (psychological level). Support sits at $90 (the recent consolidation level) and $85 (the 20-day moving average). With defensive sectors likely to outperform amid market volatility, CVS offers both momentum and relative safety. Watch for potential rotation into this name if tech selling accelerates, with volume patterns suggesting continued institutional interest.
$PM – Philip Morris International
Philip Morris International has gained 31.9% year-to-date, making it the second-best performer in the S&P 500. As a consumer staples company with strong international pricing power, PM offers defensive characteristics that could help it weather the current market storm better than most.
The stock is currently testing support at $120, which aligns with the 20-day moving average and has provided a solid foundation for the recent rally. A more significant support zone exists at $115. Resistance sits at $125 (the recent high) and $130 (psychological level). With investors likely to rotate into defensive sectors amid heightened volatility, PM’s combination of yield, pricing power, and relative immunity to tariff concerns makes it an attractive option. Watch for potential relative strength today if the broader market continues to sell off.
$NEM – Newmont Corporation
Newmont Corporation has gained 29.7% year-to-date, making it the third-best performer in the S&P 500. As the largest gold mining company in the world, NEM stands to benefit from the flight to safety amid market turmoil, with gold prices surging to record highs following Trump’s tariff announcements.
The stock is currently testing resistance at $55, which has capped upward movement in recent sessions. A break above this level could trigger a move toward the next resistance at $58 (the 52-week high). Support sits at $52 (the recent consolidation level) and $50 (psychological level and the 20-day moving average). With gold serving as a traditional safe haven during market uncertainty, NEM offers direct exposure to the precious metal with the added benefit of operational leverage. Watch for continued strength if market volatility persists, with potential for significant outperformance if gold prices continue their ascent.
