Average CTA’s, investors, and people generally have an overwhelming desire to be “right.” Who likes to be wrong? You read and hear daily from friends, and fellow traders (spouses – J), how important it is to be correct, especially when they make a market prediction or, even worse when they put real money into a […]
At 10:06 EST Tuesday, news broke from Dubai-based Al Arabiya that the Iranians had sieged a US cargo vessel in the Gulf. Brent and WTI spiked within minutes as the algos went wild. However, both markets failed to breach yesterday’s high. Within an hour, the market erased these gains as it turned out this was […]