As I was saying in Brisbane we still have to pre empt some trades and my reasoning for CBA was that the matches on the other banks were much higher and CBA would catch up.
Lucky I was in a few stocks and will look to lock in some profit, I will probably just have stops about 25% of the range under the open, however if the gaps up are significant I will close.
Ranges theme will be as per yesterday but mostly let the market adjust for 30 minutes. And still let the market decide if it wants to offer a higher swing, not to mention the budget here is out tonight.
