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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(FRIDAY, JANUARY 17, 2020)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Thu 1/16: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): SB (Sugar), KW (Winter Wheat), NQ (Nasdaq), CC (Cocoa), W (Wheat), RTY (Russell 2000), ES (Mini S&P). Here are the weakest trends in futures (trade from the short side): VX (Volatility), QN (Mini Nat Gas), NG (Nat Gas), LH (Lean Hogs), OJ (Orange Juice), SM (Soy Meal), S (Soybeans)."

Tom's Profit Target Commodity Comments: "Profit Target F8 Futures: Thu 1/16: 11 of 20 Profit Target futures are in uptrends. Bullish trends: metals, interest rate futures, stocks, most other ag (softs), most currencies. dollar. Bearish trends: most grains, energy."

Tom's Breakout Futures Comments: "Breakout F8 Futures: Thu 1/16: 15 of 45 Breakout positions are long, the VX is short, and 10 are profitable (63%). Most profitable: VX (Volatility - short) +$9,070. Least profitable: NG (Nat Gas) -$500. Net P/L of all Breakout positions: +$15,116."

Tom's Top Systems Stocks Comments: "Top System F8 Stocks: Thu 1/16: A bullish day again. Only 2 of 20 Top System positions are long as the market continues to be overbought: AAPL +15.8%, SQ +12.9%. Average P/L of all 20 Top System positions: +1.4%."