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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(WEDNESDAY, JULY 28, 2021)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Tue 7/27: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): KC (Coffee), MBT (Bitcoin), O (Oats), OJ (Orange Juice), HG (Copper), NG (Nat Gas), SB (Sugar). Here are the weakest trends in futures (trade from the short side): SI (Silver), RTY (Russell 2000), C (Corn), SM (Soy Meal), AD (Australian Dollar), CD (Canadian Dollar), CL (Crude Oil)."

Tom's Profit Target Commodity Comments: "Profit Target F10 Futures: Tue 7/27: 14 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, most metals, interest rate futures, most stocks, most energy, most other ag (softs), dollar. Bearish trends: none. Mixed: currencies."

Tom's Breakout Futures Comments: "Breakout F10 Futures: Tue 7/27: 26 of 40 Breakout positions are long, the VX is out, and 19 are profitable (73%). Most profitable: NQ (Nasdaq) +$23,925. Least profitable: GC (Gold) -$2,570. Net P/L of all Breakout positions: +$80,720."

Tom's Top Systems Stocks Comments: "Top System F10 Stocks: Tue 7/27: A hard down day today - mostly the Nasdaq. Many key stocks slammed, but there was some recovery near the close. 13 of 20 Top System positions are long and 12 are profitable. Best: TECL +32.5%, TQQQ +27.8%, ADBE +21.6%, SQ +15.7%, ISRG +15.3%. Average P/L of all 20 Top System positions: +8.9%."

"TOM'S TECHNICAL TRENDS - AG: TUE 7/27: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Sept) is trading in the middle of a range. We sold and are out. Wheat (Sept) is breaking down after a strong recovery rally. We are still long. Winter Wheat (Sept) is breaking down after a strong rebound. We are long. Oats (Sept) is trending and moving up. We are long. Soybeans (Nov) appears to have formed a double top after recently rebounding. We are still long. Bean Oil (Dec) is trending up, but struggling to move up now. We are long. Soy Meal (Dec) is trying to hold a double bottom base. We remain long."

"OTHER AG (SOFTS): Lean Hogs (Oct) is trending up and slowly moving up. We are long. Coffee (Sept) is trending up and moving up. We are long. Feeder Cattle (Aug) is trending up and now moving up again. We bought and are now long. Live Cattle (Oct) is trending down, but trying to rebound. We are out. Cotton (Dec) is trending up and moving up in choppy waves. We are long. Cocoa (Sept) is rebounding off recent lows. We are still out. Orange Juice (Sept) is trending and moving up. We are long. Sugar (Oct) is trending up and may be breaking out of its recent range. 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.