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.

The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.

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.

Little girls buying baby T-shirts and wearing them, buying things extra small or taking them in, it really started here and now you see Ralph Lauren doing a shrunken polo shirt.

Telecom, coupled with buoyant global markets has seen buying re-enter the New Zealand market.