Stocks are falling some today, with the shares in Europe leading the way. Markets are responding to the tightening of restriction following coronavirus outbreaks. Germany is falling by 2.6%, but in reality, this index has gone nowhere since early June. 

S&P 500 (SPY)

Meanwhile, S&P  500 futures are trading down about 90 bps, but more importantly, it is holding the uptrend. I do expect that it will continue to hold the uptrend and bounce higher off the trend. Republicans and Democrats should talk today about a stimulus, and that should be enough to keep that hope going to keep markets from falling too far. 

NASDAQ 100 (QQQ)

The Qs are indicated lower and based on pre-market indication should also open and likely hold the uptrend before makings its next move higher towards $300. 

FASTLY (FSLY)

Fastly is falling 28% after providing weaker than expected guidance. The bad news is that the stock is breaking some support levels and likely has further to fall to find a solid bounce, around $73.

MORGAN STANLEY (MS)

Morgan Stanley reported better than expected results, but the stock is going lower and has gone nowhere for months. Based on the chart, it doesn’t appear it will be going anywhere soon either.

ZOOM (ZM)

Zoom got a big price target boost today from DA Davidson, which pushed its price target up to $600 from $460. Meanwhile, RBC took its price target to $600 from $450. I don’t know what even to say.