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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(FRIDAY, AUGUST 19, 2022)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Thu 8/18: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): CT (Cotton), NG (Nat Gas), RTY (Russell 2000), EMD (Midcap), BO (Bean Oil), YM (Dow), ES (S&P). Here are the weakest trends in futures (trade from the short side): VX (Volatility), CL (Crude Oil), US (30yr Bond), SI (Silver), W (Wheat), JY (Yen), BP (British Pound)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Thu 8/18: 13 of 20 Profit Target futures are in uptrends. Bullish trends: metals, stocks, most other ag (softs), dollar. Bearish trends: most grains, most interest rate futures, most energy, most currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Thu 8/18: 24 of 40 Breakout positions are long, the VX is short, and 17 are profitable (68%). Most profitable: NQ (Nasdaq) +$40,305. Least profitable: KW (Winter Wheat) -$2,975. Net P/L of all Breakout positions: +$135,880."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Thu 8/18: Yet another bullish, but choppy day. All 20 Top System positions are long and 19 are profitable. Best: TECL +36.5%, TNA +35.8%, TQQQ +31.9%, FAS +28.9%, TSLA +22.5%. Average P/L of all 20 Top System positions:  +19.4%."

"TOM'S TECHNICAL TRENDS - AG: THU 8/18: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Sep) is trending and moving up. We are long. Wheat (Sep) broke down today below its recent base. We sold and are now out. Winter Wheat (Sep) had a drop today below recent basing levels. So far we are long. Oats (Sep) is still trending down and has looked very weak in recent days. We are still long. Soybeans (Nov) is trending up but now in a choppy, breakdown pattern. We are out. Bean Oil (Dec) is in a very choppy breakdown pattern. We are out."

"OTHER AG (SOFTS): Lean Hogs (Oct) is now trending and breaking down. So far we are long, but not for long. Coffee (Dec) is trending up but starting to break down. We are long. Feeder Cattle (Sep) is trending up and moving up in a very choppy pattern. We are long. Live Cattle (Oct) is trending up and moving up in a choppy pattern. We are long. Cotton (Dec) is trending and moving up, but appears to have topped. We are long. Cocoa (Dec) is trading in a very choppy range. We are long. Orange Juice (Sep) is trending up, but now in a sharp pullback. We are long for now. Sugar (Oct) has been in a rebound, but is now reversing to the downside. We are still long."


DISCLAIMER: You must be aware of the risks and be willing to accept them in order to invest in one or more commodity trades. Don't trade with money that you can't afford to lose. This is neither a solicitation nor an offer to buy or sell futures and options. Although every attempt has been made to assure accuracy, Tom Loffman, Cliff Harris, Randy Mann and persons relating to the operation of Harris-Mann Climatology, assume no responsibilities for errors, omissions or any financial gains or losses associated with any trading suggestions or advice.