50% holds as well.
Stocks are going out nearer the lows for the day.
The S&P is down 1.06%.
The Nasdaq is down 2.18%
The Dow is down 1.37%
In earnings after the close:
Facebook came in better than expectations and is up 5%. 1.44 mobile users. EPS $0.79 vs $0.68
eBay came out worse than expectations.
Paypal comes in better at $0.36 vs $0.34.
Qualcomm $0.97 vs $0.90. Revenues beat, but guidance not as strong for Q2.
The AUDUSD fell on the back of the weaker stocks, but did bound nicely off the 100 hour MA and 50% retracement at the 0.7000 level. The correction has rebounded about 25 pips of the low.
The NZDUSD, which fell after the RBNZ said they may have to ease again this year. However, that pair found support in the 0.6410-18 area. The price remains below the 200 hour MA at the 0.6462 (green line in the chart below).
