The Mets

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I have mentioned MetLife (MET) many times as an attractive long-term “sell”, since it has broken its major uptrend and has exhibited in the past a tendency to fall hard after well-formed tops.

slopechart MET

It’s been kind of a long wait, but today’s approximately 5% drop moves things in the appropriate direction. I’ve tightened up the stop and am hoping to hold this one for weeks, if not months, to come.

slopechart MET