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


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


I don't have anything bad to say about Gartner Inc.'s (NYSE:IT) business, but both DeMark and traditional patterns do. This may be more of a swing trade, back down to the $45-46 range, than a more structural short.

Refineries can be very tricky to trade because they are incredibly streaky in their moves. But when they reverse, the ride down can be just as "exciting." Tesoro (NYSE:TSO) is looking shaky (traditional T/A) and exhausted (DeMark). The advantage is that DeMark risk level (i.e. stop price) at $41.34 is nice and tight.

Happy trading!
No positions in stocks mentioned.
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