Live in the Nasdaq Market sight overlooking New York City's Times Square.

This is Fast Money.

I'm Melissa Lee.

Tonight's Trader Line of Tim Seymour, Karen Feinermann, Bono and Ison and Jeff Mills.

Tonight on Fast, assessing the damage the tech trade taking on the chin again today.

The fall, fast and furious.

We are picking through the rubble straight ahead.

Plus, a metal mystery gold, barely budging in the recent market volatility.

So what gives the one chart that could explain it all?

And later pullback plays, four stocks down big.

That our traders say are beaten down buys.

We start off with the earnings alert on Microsoft shares.

Down about five percent following its fiscal second quarter report.

Our own Julia Borsen joined us now with the latest Julia.

Yeah, those Microsoft shares, sinking despite the fact that the company beat expectations on the top and bottom line with revenues growing 20% to 51.7 billion dollars.

The estimates were 50.9 billion, also growing earnings by 21% to $2.48.

That's 17 cents better than the analyst consensus.

But the stock, which has far outperformed the broader market, is down now nearly 5%.

Now, even including this after hours decline, Microsoft says still up about 19% over the past 12 months.

But the decline right now seems to be because the company didn't show the kind of beat that many analysts had been hoping for.

Now, 93% of analysts did have a buy rating going into earnings.

Microsoft's Azure Cloud Division reported 46% growth.

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