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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(THURSDAY, AUGUST 18, 2022)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Wed 8/17: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): CT (Cotton), NG (Nat Gas), RTY (Russell 2000), BO (Bean Oil), EMD (Midcap), SB (Sugar), YM (Dow). Here are the weakest trends in futures (trade from the short side): VX (Volatility), CL (Crude Oil), US (30yr Bond), SM (Soy Meal), TY (10yr note), RB (Gasoline), FV (5yr note)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Wed 8/17: 16 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, metals, stocks, other ag (softs), most currencies, dollar. Bearish trends: most interest rate futures, most energy."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Wed 8/17: 28 of 40 Breakout positions are long, the VX is short, and 17 are profitable (59%). Most profitable: NG (Nat Gas) +$39,630. Least profitable: SI (Silver) -$2,300. Net P/L of all Breakout positions: +$134,723."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Wed 8/17: A very choppy day with the market ending broadly down. All 20 Top System stocks are long and 19 are profitable. Best: TECL +34.7%, TNA +33.2%, TQQQ +31.0%, TSLA +29.0%, FAS +28.5%. Average P/L of all 20 Top System positions: +18.4%."

"TOM'S TECHNICAL TRENDS - AG: WED 8/17: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Sep) is trending up and has been moving up in choppy waves. We are long. Wheat (Sep) is still in a basing formation. We are out. Winter Wheat (Sep) is starting to trend up and move up off a recent base pattern. We are long. Oats (Sep) is trending down and has been trying to rebound. We are long. Soybeans (Nov) is trending up and is forming a double top formation. We sold and are now out. Bean Oil (Dec) is trending and moving up. We are long. Soy Meal (Dec) is trending up, but now breaking down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Oct) is trending up, but in a topping formation. We are long. Coffee (Dec) is trending up and moving up in very choppy waves. We are long. Feeder Cattle (Sep) is trending and moving up. We are long. Live Cattle (Oct) is trending and moving up. We are long. Cotton (Dec) is trending and moving up. We are long. Cocoa (Dec) is trending up and moving up in wide and choppy waves. We are long. Orange Juice (Sep) is trending up, bnut now breaking down. So far we are long. Sugar (Oct) is trending up and moving up, but is in a minor pullback. 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.