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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(TUESDAY, JUNE 18, 2024)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Mon 6/17: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): CC (Cocoa), NG (Nat Gas), NQ (Nasdaq), CL (Crude Oil), SB (Sugar), ES (S&P), US (30yr Bond). Here are the weakest trends in futures (trade from the short side): O (Oats), KW (Winter Wheat), W (Wheat), OJ (Orange Juice), CT (Cotton), VX (Volatility), LH (Lean Hogs)."

Tom's Profit Target Commodity Comments: "Profit Target F12 Futures: Mon 6/17: 8 of 20 Profit Target futures are in uptrends. Bullish trends: most interest rate futures, most energy, most other ag (softs), dollar. Bearish trends: grains, metals, most stocks, most currencies."

Tom's Breakout Futures Comments: "Breakout F12 Futures: Mon 6/17: 14 of 40 Breakout positions are long, the VX is short, and 10 are profitable (67%). Most profitable: NQ (Nasdaq) +$38,640. Least profitable: NG (Nat Gas) -$3,410. Net P/L of all Breakout positions: +$61,780."

Tom's Top Systems Stocks Comments: "Top System F12 Stocks: Mon 6/17: A strongly bullish day, with the usual split - Nasdaq leading the charge. 15 positions are long and 13 are profitable. Best: SOXL +51.7%, NVDA +43.1%, TECL +39.9%, FNGU +35.4%, TQQQ +31.1%. Average P/L of all 20 Top System positions: +13.1%."

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

"Mon 6/17"

"GRAINS: Corn (Jul) is trending down, and has been down for 2 days after a rebound. We are out. Wheat (Jul) is trending and moving down. We are out. Winter Wheat (Jul) is trending and moving down. We are out. Oats (Jul) is trending and moving down. We are out. Soybeans (Jul) is trending and moving down. We are out. Bean Oil (Jul) is trending down, but is making a double bottom formation. We are out. Soy Meal (Jul) is treneing dons, but is trying to rebound slightly. We are out."

"OTHER AG (SOFTS): Lean Hogs (Aug) is trending and has been moving down. We are out. Coffee (Sep) is trending up and appears to be topping. We are long so far. Feeder Cattle (Aug) is now rebounding. We are out with a buy for Tuesday. Live Cattle (Aug) is trending and rebounding up. We bought and are now long. Cotton (Dec) is trending and moving down. We are out. Cocoa (Sep) is trending and moving up. We are long. Orange Juice (Jul) is trending and breaking down. We are out. Sugar (Oct) 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 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.