Shares are off to the races today after the wild lead from offshore markets and the local GDP beat. Banks are scorching higher with CBS ripping 3.8% away from its doom chart level, WBC 3.6%, NAB 4%, ANZ 4.25%, BOQ 3.5%, SUN 3.5% and BEN 2.1%:
Miners are tearing higher too with BHP up 3%, RIO 4% and FMG breaking out at 5%:
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The FMG chart shows a run at $2.45 and or $2.65 is possible:
Readers ought to know my view about that! Dalian is down two points…
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Big gas is also racing with WPL up 4.3%, OSH 3%, ORG and STO 2.6% but LNG down -2%:
It’s buy, buy, buy!
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