RBB Breakout Above $36.50

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RBB Breakout Above $36.50

ERY is on our watchlist, and we are looking for an RBB breakout above $36.50. The 2-Day chart shows impressive price action the past three days above the 50-SMA and the T-Line Regression lines. A pop on ERY could send the price to the Dotted Deuce for a nice little relief rally trade. The 200-SMA would be the stretch target. G

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As of the close 10/17/18, the account is on track with a 363% YTD. We are long WMT, and PZZA both are green and working (not very fast mind you). We only added one new trade yesterday. We are kicking of Road to Wealth Live today – more info to come.

 

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Good Trading, Rick, and Trading Team

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SPY • SP-500 What a Mess!

The SPY has lifted off the 200-SMA but remains in the sketchy territory. The Weekly is still looking at a red V-Stop and price on the weekly chart is still under all the T-line regression Lines sketchy, sketchy, sketchy. Above $280.45 the SPY could see $283.15, and that puts price closer to a resistance problem.

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Past performance is not indicative of future returns

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