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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(TUESDAY, MARCH 21, 2023)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Mon 3/20: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): VX (Volatility), MBT (Bitcoin), SI (Silver), GC (Gold), US (30yr Bond), O (Oats), TY (10yr Note). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), CL (Crude Oil), RTY (Russell 2000), EMD (Midcap), RB (Gasoline), CT (Cotton), BO (Bean Oil)."

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

Tom's Breakout Futures Comments: "Breakout F11 Futures: Mon 3/20: 17 of 40 Breakout positions are long, the VX is out, and 14 are profitable (82%). Most profitable: GC (Gold) +$6,690. Least profitable: SF (Swiss Franc) -$2,594. Net P/L of all Breakout positions: +$6,690."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Mon 3/20: Stocks generally up today, although the regional banks continued to implode. 12 of 20 Top System positions are long and 9 are profitable. Best: NVDA +57.7%, TECL +12.1%, GOOG +10.1%, META +7.0%, AAPL +4.7%. Average P/L of all 20 Top System positions: +4.6%."

"TOM'S TECHNICAL TRENDS - AG: MON 3/20: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (May) continues to trend down but is now rebounding. We are still out. Wheat (May) is trending down and has been rebounding. We are out. Winter Wheat (May) is trending down, but is now rebounding. We bought and are now long. Oats (May) is trending and moving up. We are long. Soybeans (May) is trending and moving down. We are out. Bean Oil (May) is trending down and now in a minor rebound. We are out. Soy Meal (May) is trending and now moving down. We sold and are now out."

"OTHER AG (SOFTS): Lean Hogs (Jun) is trending and moving down. We are out. Coffee (May) is trending down and is now stalled. We are out. Feeder Cattle (Apr) is trending up but has been breaking down. We are long with a sell for Tuesday. Live Cattle (Jun) is trending and moving down. We are out. Cotton (May) is trending and moving down. We are out. Cocoa (May) is trending up now and rebounding. We are still out. Orange Juice (May) is stalled in a narrowing range. We are out with a buy for Tuesday. Sugar (May) is trending up but now breaking down. We are still long so far."


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.