Junior Traders Manning the Desks?

All week we have been hearing about how no one expected the markets to do much because all the “real traders” were away on vacation and the junior traders were left to man the desks. Well, it looks like the junior traders are doing one heck of a job with the short sellers positions. The fact is, regardless of who is trading and how many shares they are moving, the market is trending higher. This is a healthy market right now, how long it lasts is anyones guess but as long as the short term timeframes continue to support the bullish case, enjoy the upside. We will continue to listen to the markets, correctly interpreting what the market says is how you make money on Wall Street. It seldom pays to listen to conventional wisdom or news reports. Raise your stops in some of the stocks that have moved significantly.