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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, FEBRUARY 6, 2023)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 2/3: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): KC (Coffee), OJ (Orange Juice), MBT (Bitcoin), SB (Sugar), NQ (Nasdaq), O (Oats), RTY (Russell 2000). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), VX (Volatility), CL (Crude Oil), RB (Gasoline), BO (Bean Oil), SI (Silver), HG (Copper)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Fri 2/3: 12 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, most interest rate futures, stocks, most other ag (softs), most currencies. Bearish trends; metals, energy, dollar."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Fri 2/3: 27 of 40 Breakout positions are long, the VX is short, and 24 are profitable (86%). Most profitable: EMD (Midcap) +$23,070. Least profitable: TY (10yr Note) -$1,000. Net P/L of all Breakout positions: +$94,582."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Fri 2/3: A whipsaw day that ended down. 19 of 20 Top System positions are long and profitable. Best: ALGN +71.0%, META +56.7%, TSLA +44.4%, SOXL +41.4%, TNA +33.9%. Average P/L of all 20 Top System positions: +24.5%."

"TOM'S TECHNICAL TRENDS - AG: FRI 2/3: ALL TRADING DISCUSSIONS REFER TO OUT BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Mar) is trending up, but is stalled. We are long. Wheat (Mar) is tending up, and in a weak rebound. We are long. Winter Wheat (Mar) is trending up and has been rebounding. We are long. Oats (Mar) is trending up, but appears to have topped. We are long. Soybeans (Mar) is trending up and is now making a double top. We are long. Bean Oil (Mar) is tending and moving down. We are out. Soy Meal (Mar) is trending and moving up. We are long."

"OTHER AG (SOFTS): Lean Hogs (Apr) is tending and moving down. We are out. Coffee (KC) is trending up but appears to have topped. We are long. Feeder Cattle (FC) is trending down but is now rebounding. We bought and are now long. Live Cattle (Apr) is trending and moving up. We are long. Cotton (Mar) is trending up, but appears to have topped. We are long. Cocoa (Mar) is trending and breaking down. We are out. Orange Juice (Mar) is trending and surging up. We bought are now long. Sugar (Mar) is trending and moving up, but may have topped. 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.