The futures markets have dropped again as coronavirus fears have shaken the market. The S&P 500 is down 86 points, Nasdaq is down 277 points, Dow is down 708 points and the Russell 2000 is down 40 points. We’ve lost all gains from the fed rate cut of 50 basis points.

On the calendar: Non-Farm Payrolls – 8:30am

Stocks to watch: CTXS, ZM

A look at the chart: The NQ is trading well below the 20 day sma. Currently the NQ is holding below 1.5 deviations (8378).