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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, JULY 15, 2024)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 7/12: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): KC (Coffee), CC (Cocoa), BO (Bean Oil), SI (Silver), OJ (Orange Juice), HG (Copper), NQ (Nasdaq). Here are the weakest trends in futures (trade from the long side): NG (Nat Gas), SM (Soy Meal), VX (Volatility), MBT (Bitcoin), C (Corn), CT (Cotton), S (Soybeans)."

Tom's Profit Target Commodity Comments: "Profit Target F12 Futures: Fri 7/12: 11 of 20 Profit Target futures are in uptrends. Bullish trends: most metals, most interest rate futures, stocks, most energy, most currencies. Bearish trends: most grains, dollar. Mixed: other ag (softs)."

Tom's Breakout Futures Comments: "Breakout F12 Futures: Fri 7/12: 22 of 40 Breakout positions are long, the VX is short, and 20 are profitable (91%). Most profitable: NQ (Nasdaq) +$45,580. Least profitable: HG (Copper) -$1,763. Net P/L of all Breakout positions: +$99,392."

Tom's Top Systems Stocks Comments: "Top System F12 Stocks: Fri 7/12: A partial rebound from Thursday's moves. 18 of 20 Top System positions are long and 16 are profitable. Best: FNGU +47.8%, TECL +43.1%, TQQQ +37.5%, TSLA +32.7%, AAPL +26.0%. Average P/L of all Top  System positions: +13.7%/+.4%."

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

"Fri 7/12"

"GRAINS: Corn (Sep) is trending down, but is now in a minor rebound. We are out. Wheat (Sep) is trending and moving down. We are out. Winter Wheat (Sep) is trending and moving down. We are out. Oats (Sep) is trending down, but is now in a minor rebound. We are out. Soybeans (Nov) is trending and moving down. We are out. Bean Oil (Dec) is trending up but is now in a pullback. We are long. Soy Meal (Dec) is trending and moving down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Aug) is trending down, but is now trying to rebound. We are out. Coffee (Sep) is trending and moving up. We are long. Feeder Cattle (Aug) is trading in a stalled range. We are out. Live Cattle (Oct) is trending up but is now in a minor pullback. We are long. Cotton (Dec) is trending and moving down. We are out. Cocoa (Sep) is trending down, but is now rebounding. We are out so far. Orange Juice (Sep) is trending and moving up. We are long. Sugar (Oct) is trending up, but is now in a pullback. We are still 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.