** NEW STOCK SWING TRADE ** (beta) 11/07/2012
Traders, just like Todd has been adding in some futures trading to the mix, I too will be adding in some swing trading ideas in the equity markets. For now this will be a 'beta' service and offered to all clients at no cost.
For now I am just offering a heads up on a possible short trade in MET (MetLife). The absolute beating that interest rates are taking today will likely keep some downward pressure on a stock like this that is largely dependent on a rising rate environment.
Stay tuned, I am watching the price action and making sure that related markets support this short trade going forward.
MET 4-hour chart -DF-