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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(FRIDAY, JUNE 2, 2023)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Thu 6/1: Based on my best momentum formula here are the strongest trends in futures: OJ (Orange Juice), NQ (Nasdaq), FC (Feeder Cattle), RB (Gasoline), LC (Live Cattle), C (Corn), CT (Cotton). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), KW (Winter Wheat), VX (Volatility), LH (Lean Hogs), SM (Soy Meal), W (Wheat), S (Soybeans)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Thu 6/1: 8 of 20 Profit Target futures are in uptrends. Bullish trends: most stocks, most other ag (softs), dollar. Bearish trends: grains, interest rate futures, metals, most energy, currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Thu 6/1: 11 of 40 Breakout positions are long, the VX is short, and 7 are profitable (58%). Most profitable: NQ (Nasdaq) +$23,505. Least profitable: RB (Gasoline) -$974. Net P/L of all Breakout positions: +$36,10."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Thu 6/1: A bullish day with all of the major averages participating. 18 of 20 Top System positions are long and 17 are profitable. Best: SOXL +57.4%, NVDA +37.7%, TECL +30.3%, ISRG +28.8%, TQQQ +28.%. Average P/L of all 20 Top System positions: +15.2%."

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

"Thu 6/1:"

"GRAINS: Corn (Jul) was trending down, then had a rebound, and now is weakening slightly. We are long. Wheat (Jul) is trending and breaking down. We are out. Winter Wheat (Jul) is trending and breaking down. We are out. Oats (Jul) is in a rebound pattern. We are out with a buy for Friday. Soybeans (Jul) is trending and breaking down. We are out. Bean Oil (Jul) is trending and breaking down. We are out. Soy Meal (Jul) is trending and breaking down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Aug) is trending down and is now trying to rebound. We are out. Coffee (Jul) is trending down and slowly breaking down. We are out. Feeder Cattle (Aug) is tending and moving up strongly. We are long. Live Cattle (Aug) is trending and surging up. We are long. Cotton (Jul) is trending up and moving up in wide and choppy waves. Cocoa (Jul) is trending and moving up. We are long. Orange Juice (Jul) is trending and moving up, although price are now pulling back. We are long. Sugar (Jul) 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, 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.