You can follow this trade almost anywhere. I noticed a great set up on my charts today and it caught my attention because it has proven to be incredibly effective at producing wins. The best part was it was on a chart of DIA, the ETF that tracks the Dow Jones Industrial Average. Anywhere you look online, on TV or even in print they are always showing you what is happening with the Dow.

Take a look at this chart and notice the RSI indicator at the bottom. It is the key to this set up.

The RSI or Relative Strength Index is very effective at showing moves with strong momentum behind them. (Learn more about RSI here). In this case it is showing us BULLISH strength and a  CALL option would be most effective.

It is at $436.39 now and a move to $445 could equal a potential 68% return in a CALL option.

This is one of the tools I use to spot trades that I send out with specific instructions in my Diamond Paycheck Alerts program. If you are interested in getting these alerts click here.

One of the great things about RSI is that it shows great trade opportunities in up or down markets so often, when it seems like there are no good trades to be found, it can be the tool that uncovers hidden profit potential.

I’ll keep sharing more trading tools like these so keep an eye on your inbox.

I wish you the best,

Wendy

Previous Trades:

Last week a 445 call with March 21st expiration date, you could have made 23% in a week.