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The Absurdity of the Fed's Monetary Policy (and Some Tradeable Setups)

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Some brief thoughts on Thursday's Fed decision, plus a look at some chart setups in Cypress Semi, Cirrus Logic, Gartner, and Tesoro.

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On the other side of the chip spectrum, Cirrus Logic (CRUS) has ridden its Apple (AAPL) connection to almost a double in less than two months. I appreciate the excitement, but keep in mind that Apple-like behemoths rarely allow their suppliers to make too much money for an extended period of time. Technically speaking both traditional and DeMark charts are flashing some warning signs.




Positions in CY, CRUS, AAPL, IT, TSO
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