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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, MARCH 4, 2024)

Tom's Daily Stock/Commodity Focus: "Focus On  Strongest and weakest futures: Fri 3/1: Based on my best momentum system here are the strongest trends in futures (trade from the long side): MBT (Bitcoin), CC (Cocoa), CT (Cotton), LH (Lean Hogs), HG (Copper), CL (Crude Oil), EMD (Midcap). Here are the weakest trends in futures (trade from the short side): VX (Volatility), BO (Bean Oil), SB (Sugar), S (Soybeans), C (Corn), SM (Soy Meal), KC (Coffee)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Fri 3/1: 13 of 20 Profit Target futures are in uptrends. Bullish trends: metals, stocks, Bitcoin, most energy, most other ag (softs), dollar. Bearish trends: most grains, interest rate futures, most currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Fri 3/1: 18 of 40 Breakout positions are long, the VX is out, and 15 are profitable (83%). Most profitable: NQ (Nasdaq) +$24,220. Least profitable: HG (Copper) -$1,288. Net P/L of all Breakout positions: +$115,078."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Fri 3/1: Stocks shot up today  - a very strong session. 16 of 20 Top System positions are long and profitable. Best: NVDA +57.0%, META +43.0%, FNGU +34.4%, SOXL +22.9%, AMZN +17.4%. Average P/L of all 20 Top System positions: +13.3%."

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

"Fri 3/1:"

"GRAINS: Corn (May) is trending and moving down. We are out. Wheat (May) is trending and breaking down. We are out. Winter Wheat (May) is trending and breaking down. We are out. Oats (May) is trading in a trendless range. We are out. Soybeans (May) is trending and moving down. We are out. Bean Oil (May) is trending and breaking down. We are out. Soy Meal (May) is trending and moving down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Apr) is trending and moving up. We are long. Coffee (May) is breaking down in very choppy waves. We are out. Feeder Cattle (Apr) is trending and moving up. We are long. Live Cattle (Apr) is trending and moving up. We are long. Cotton (May) is tending and moving up, although today was hard down. We are long. Cocoa (May) is trending and moving up. We are long. Orange Juice (May) is trending and breaking down. We are out. Sugar (May) is trending and breaking down. We are out."


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 and Randy Mann and persons relating to the operation of this advisory service, assume no responsibilities for errors, omissions or any financial gains or losses associated with any trading suggestions or advice.