James Foulsham Traders Quotations

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.

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.

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.