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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(WEDNESDAY, MAY 25, 2022)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Tue 5/24: Based on my best momentum formula here are the strongest trends in futures (trade from the long side - may be overbought): KW (Winter Wheat), W (Wheat), CL (Crude Oil), NG (Nat Gas), SB (Sugar), RB (Gasoline), LH (Lean Hogs). Here are the weakest trends in futures (trade from the short side - may be oversold): MBT (Bitcoin), NQ (Nasdaq), FC (Feeder Cattle), ES (S&P), RTY (Russell 2000), EMD (Midcap), CC (Cocoa)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Tue 5/24: 9 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, interest rate futures, energy, currencies. Bearish trends: stocks, most other ag (softs), dollar."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Tue 5/24: 21 of 40 Breakout positions are long, the VX is short, and 18 are profitable (82%). Most profitable: NG (Nag Gas) +$41,940. Least profitable: KC (Coffee) -$4,818. Net P/L of all Breakout positions: +$84,111."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Tue 5/24: Another bearish day, that tried to dig itself out of a hole late in the session. Many traders are trying to buy the recent drop. All 20 Top System positions are out."

"TOM'S TECHNICAL TRENDS - AG: TUE 5/24: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Jul) is trending and breaking down. We are out. Wheat (Jul) is trending up, but in a sharp pullback. We are still long. Winter Wheat (Jul) is trending up, but pulling back sharply. We are long. Oats (Jul) is now in a rebound pattern. We are still out. Soybeans (Jul) is trending up and rebounding. We are long. Bean Oil (Jul) is trending down and has been breaking down, but our system just bought and we are now long. Soy Meal (Jul) is rebounding off recent deep lows. We bought and are now long."

"OTHER AG (SOFTS): Lean Hogs (Jun) is in rebound mode. We are long. Coffee (Jul) is in a whipsaw pattern and is now falling. We are long. Feeder Cattle (Aug) is trending down and in a minor rebound. We are out. Live Cattle (Jun) is in a breakdown pattern, but the drop appears to be ending. We are out. Cotton (Jul) is trending down now and breaking down. We are out. Cocoa (Jul) is trending and breaking down. We are out. Orange Juice (Jul) is in a choppy rebound off recent lows. We are out. Sugar (Jul) is trending up and now stalled after a sharp upside spike. 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.