BHP opened stronger and continued to push higher throughout the day as traders scrambled to get on board as the stock continues to break record high after record high. |
Traders were very active in Macquarie Bank, buying into the stock as it broke out of its recent downward trend. |
We have seen a lot of traders buying on pull backs but then taking small profits as the market recovers rather than sitting on their positions waiting for a big market move. |
We saw some selling early in the day particularly on some of the big mining stocks but most traders were willing to sit on their positions and look for further upside. |