Top 3 Stocks for Day Trading on 16 Oct 2025 (CBA)

1. SPDR S&P 500 ETF Trust (SPY)

Technical Setup:

Price Action: Closed at $665.17 (+0.44%), pre-market at $666.73.

Key Levels:

Resistance: $670.8 (previous day), $673.95 (52-week high).

Support: $663.8 (previous day), $658.93 (intraday low).

Volume Analysis: 81.7M shares traded (above average), with net capital inflows of $243M on Oct 14.

Divergence: Short volume spiked to 33.3% on Oct 10, indicating potential short-covering fuel.

Catalysts:

Fed's Beige Book notes tariff-driven inflation but downplays recession risks.

Record options activity (110M+ contracts cleared on Oct 15) signals retail dip-buying.

Trade Plan:

Entry: $666.7 (pre-market support).

TP1: $670.8 (breakout), TP2: $673.95 (52-week high).

SL: Below $663.8 (loss of support).

Risk/Reward : 1:2.5 (0.5% downside vs. 1.2% upside).

2. Grab Holdings (GRAB)‌

Technical Setup:

Price Action: Closed at $5.92 (+0.17%), pre-market at $5.96.

Key Levels:

Resistance: $6.1 (previous day), $6.62 (52-week high).

Support: $5.90 (intraday low), $5.75 (psychological level).

Volume Analysis: 37.99M shares traded (Volume Ratio 1.04), with bullish call options activity surging.

Catalysts:

Analysts project upward revision to 2025 EBITDA guidance due to seasonal delivery demand.

Citi raises target to $7.00, citing mobility recovery and advertising growth.

Trade Plan:

Entry: $5.95 (pre-market consolidation).

TP1: $6.1 (breakout), TP2: $6.5 (next resistance).

SL: Below $5.75 (4% drop from entry).

Risk/Reward : 1:3 (3.4% downside vs. 10% upside).

3. Invesco QQQ Trust (QQQ)‌

Technical Setup:

Price Action: Closed at $602.22 (+0.71%), pre-market at $604.64.

Key Levels:

Resistance: $613.18 (52-week high), $606.7 (intraday high).

Support: $599.39 (previous day), $595.93 (intraday low).

Volume Analysis: 62.81M shares traded (Volume Ratio 0.95), with tech sector dominance driving inflows.

Catalysts:

AI infrastructure demand boosts utilities and tech sectors.

Paul Tudor Jones forecasts Nasdaq strength amid rate-cut hopes.

Trade Plan:

Entry: $604 (pre-market momentum).

TP1: $613 (52-week high), TP2: $620 (extension).

SL: Below $599.39 (0.8% drop).

Risk/Reward : 1:4 (0.8% downside vs. 3.2% upside).

Anomalies & Risks

SPY: Watch for tariff-related volatility and S&P 500 yield compression.

GRAB: High P/E (304x) poses valuation risk despite growth momentum.

QQQ: Overconcentration in tech (25% of S&P 500) increases systemic risk.