My First Trade of 2016 - Tyson Foods

AA and I are each starting out with a $100,000 simulated IRS account.  My rules for long stock are:

• Sector Power Bars indicated to out-perform S&P
• Industry Group = Strong
• Price above an uptrending long-term Chaikin Trend
• Preponderance of Money Flow
• Market Agrees with Very Bullish Power Gauge (Both the Power Gauge and Relative Strength Are In "Agreement")
• Price is Oversold or rolling up out of Oversold.
• A Chaikin Buy Signal or a Technical Move have occurred.  Bounce off support, breakout through resistance)
• I'll be using the 30 Day Simple Moving Average as Support and setting my stop 3 to 5% below support depending upon volatility  (under 20=3%, over 20=5%)
• A downgrade to Very Bearish will also trigger a sell. 

Today, I'm placing an order to go long on TSN. Entry price and stop are below.  This is a simulated trade and not a recommendation.  I'm forward testing a new set of rules for 2016.

-- Mike