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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(FRIDAY, OCTOBER 7, 2022)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Thu 10/6: Based on my best momentum formula  here are the strongest trends in futures (trade from the long side): RB (Gasoline), OJ (Orange Juice), VX (Volatility), SI (Silver), KW (Winter Wheat), MBT (Bitcoin), W (Wheat). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), CT (Cotton), LH (Lean Hogs), SM (Soy Meal), S (Soybeans), NQ (Nasdaq), AD (Australian Dollar)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Thu 10/6: 8 of 20 Profit Target futures are in uptrends. Bullish trends: most metals, dollar. Bearish trends: most grains, interest rate futures, stocks, most other ag (softs), currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Thu 10/6: 10 of 40 Breakout positions are long, the VX is out, and 6 are profitable (60%). Most profitable: RB (Gasoline) +$15,569. Least profitable: KC (Coffee) -$3,938. Net P/L of all Breakout positions: +$23,483."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Thu 10/6: Stocks faded into the close along with interest rate futures. All 20 Top System positions are out."

"TOM'S TECHNICAL TREND - AG: WED 10/5: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Dec) is in a topping and stalled pattern. We are out. Wheat (Dec) is trending up and moving up in choppy waves - now in a 4 day pullback. We are long. Winter Wheat (Dec) is trending up and moving up in choppy waves. We are long. Oats (Dec) is chopping in a trendless range. We are out. Soybeans (Nov) is trending and breaking down. We are out. Bean Oil (Dec) is chopping in a slightly bearish range - not in a 4 day rebound. We are out. Soy Meal (Dec) is trending down and now falling fast. We are out."

"OTHER AG (SOFTS): Lean Hogs (Dec) is trending and breaking down. We are out. Coffee (Dec) chopping in a narrowing range. We are long so far with a sell for Fri. Feeder Cattle (Nov) is trending and breaking down. We are out. Live Cattle (Dec) is trending down and is now in a choppy rebound. We are out. Cotton (Dec) is trending and breaking down. We are out. Cocoa (Dec) is in a rebound off recent lows. We are out so far wiht a buy for Friday. Orange Juice (Nov) is trending up, but appears to be pulling back from an overextended top. We are long. Sugar (Mar) is trending and moving up - strongly today. 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.