Morning all,What a surprise 0.5% rate cut from the Feds. I am...

Morning all,

What a surprise 0.5% rate cut from the Feds. I am not quite sure what it's going to do for our market. On face value the rate cut is positive but NAB results doesn't look too good and NCP is only up 5% in the US last night when on our market it jumped over 8% yesterday. I think NCP should give some back this morning and I think it would be good to jump in when they're taking profit in the next few days.

Sycom trading range was 3061 to 3083 and closed at 3080. Are we consolidating at this resistance level of 3080/81 before moving higher ?

Over to you gents.