ASX Morning call 13th Nov

Yesterdays plan was to sell the closing price on Friday for 10-15 points but only had a small reaction so had to jump out before it went negative. Was 70% to target the went against me rule is never let a trade that was in profit go negative.

The rest of the afternoon was a grind as divi buyers eased in and buying towards the close would have made a tidy profit.

Looks like the market is going to open down 60-70 odd points. Currently extreme gap down below yesterdays low. Plan for me today is fade the extreme gap close selling 5882.9 for 10-15 points if we are still 20 odd points below when futures reset. Looking for a quick spike up there to sell.

If price moves up there between now and 9:50 might look at something a bit higher. It is possible the dividend stock buyers will want to offload their ex-dividend holdings as soon as possible so will pump them up and sell them.

I have put where price is and where I am looking for a reaction today on the daily. Note the gap, as soon as the market opens its like now you see it now you dont.