TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS
(MONDAY, SEPTEMBER 25, 2023)
Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 9/22: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): OJ (Orange Juice), CL (Crude Oil), MBT (Bitcoin), SB (Sugar), KC (Coffee), LC (Live Cattle), NG (Nat Gas). Here are the weakest trends in futures (trade from the short side0: O (Oats), S (Soybeans), RTY (Russell 2000), BO (Bean Oil), NQ (Nasdaq), EMD (Midcap), ES (S&P)."
Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Fri 9/22: 5 of 20 Profit Target futures are in uptrends. Bullish trends: most energy, dollar. Bearish trends: grains, metals, most interest rate futures, stocks, most currencies. Mixed: other ag (softs)."
Tom's Breakout Futures Comments: "Breakout F11 Futures: Fri 9/22: 14 of 40 Breakout positions are long, the VX is short, and 10 are profitable (67%). Most profitable: CL (Crude Oil)Â +$7,450. Least profitable: KC (Coffee) -$2,625."
Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Fri 9/22: A choppy day, that ended down. 3 of 20 Top System positions are long and are not profitable. Average P/L of all 20 Top System positions: -.6%."
"TOM'S TECHNICAL TRENDS- AG: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL AND POSITION INFORMATION ON THIS SERVICE."
"Fri 9/22:"
"GRAINS: Corn (Dec) is trending and slowly moving down. We are out. Wheat (Dec) is trending and slowly moving down. We are out. Winter Wheat (Dec) is trending and slowly moving down. We sold and are now out. Oats (Dec) is trending and moving down. We are out. Soybeans (Nov) is trending and moving down. We are out. Bean Oil (Dec) is trending and breaking down. We are out. Soy Meal (Dec) is trending and breaking down. We are out."
"OTHER AG (SOFTS): Lean Hogs (Dec) is now trending down and is in a sharp 2 day selloff. We are still long so far. Coffee (Dec) is now trending down and in a 3 day sharp drop. We are still long. Feeder Cattle (Oct) is trending up and has been moving up, but is now in a topping pattern. We are long. Live Cattle (Dec) is trending and moving up. We are long. Cotton (Dec) is trending and breaking down. We are out. Cocoa (Dec) is in a pullback. We sold and are now out. Orange Juice (Nov) is trending and moving up. We are long. Sugar (Mar) is trending and moving up. We are 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.
