About UsNewspaper Editor InfoAdvertising OpportunitiesContact Us

TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(TUESDAY, MAY 18, 2021)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Mon 5/17: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): BO (Bean Oil), NG (Nat Gas), SI (Silver), HG (Copper), VX (Volatility), S (Soybeans), GC (Gold). Here are the weakest trends in futures (trade from the short side): BTM (Bitcoin), O (Oats), CT (Cotton), KW (Winter Wheat), NQ (Nasdaq), LC (Live Cattle), SM (Soy Meal)."

Tom's Profit Target Commodity Comments: "Profit Target F10 Futures: Mon 5/17: 13 of 20 Profit Target futures are in uptrends. Bullish trends; metals, most interest rate futures, energy, most other ag (softs), most currencies. Bearish trends: most stocks, dollar. Mixed: grains."

Tom's Breakout Futures Comments: "Breakout F10 Futures: Mon 5/17: 27 of 40 Breakout positions are long, the VX is out, and 25 are profitable (93%). Most profitable: YM (Dow) +$16,470. Least profitable: LH (Lean Hogs) -$178. Net P/L of all Breakout positions: +$108,267."

Tom's Top Systems Stocks Comments: "Top System F10 Stocks: Mon 5/17: Market had a weak start to the week after two strong days last week. 3 of 20 Top System positions are long and profitable: FAS +70.3%, FB +13.9%, ISRG +12.7%. Average P/L of all Breakout positions: +4.8%."

"TOM'S TECHNICAL TRENDS - AG: MON 5/17: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Jul) is trending up, but is pulling back. We remain long. Wheat (Jul) is now trending down and in a correction pattern. We are still long. Oats (Jul) is trending and moving down sharply. We are out. Soybeans (Jul) is trending up and is in a minor pullback. We are long. Bean Oil (Jul) is trending and moving up - the strongest commodity. We remain long. Soy Meal (Jul) is trending down and rapidly breaking down. So far we are long."

"OTHER AG (SOFTS): Lean Hogs (Jun) is trending up, but rapidly breaking down. We are still long. Coffee (Jul) is trending up and in a pullback. We are long. Feeder Cattle (Aug) is now trending and moving up. We are not yet long. Live Cattle (Jun) is still trending down, tried to break out to the upside, and is now falling again. We are out. Cotton (Jul) is trending and moving down. We are out. Cocoa (Jul) is trending and moving up. We are long. Winter Wheat (Jul) is trending down now, and moving down. So far we are long. Orange Juice (Jul) is trending and moving up. We are still out. Sugar (Jul) is trending up, but pulling back. 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, 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.