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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, AUGUST 10, 2020)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 8/7: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): YI (Mini Silver), SI (Silver), CL (Crude Oil), QM (Mini Crude), QN (Mini Nat Gas), NG (Nat Gas), SB (Sugar). Here are the weakest trends in futures (trade from the short side): VX (Volatility), KW (Winter Wheat), OJ (Orange Juice), C (Corn), W (Wheat0, SM (Soy Meal), DX (Dollar)."

Tom's Profit Target Commodity Comments: "Profit Target F9 Futures: Fri 8/7: 12 of 20 Profit Target futures are in uptrends. Bullish trends: most metals, interest rate futures, stocks, most energy, most other ag (softs), currencies. Bearish trends: most grains, dollar."

Tom's Breakout Futures Comments: "Breakout F9 Futures: Fri 8/7: 31 of 46 Breakout positions are long, the VX is out, and 22 are profitable (71%). Most profitable: SI (Silver) +$46,250. Least profitable: NK (Nikkei) -$1,600. Net P/L of all Breakout positions: +$126,115."

Tom's Top Systems Stocks Comments: "Top System F9 Stocks: Fri 8/7: The Nasdaq corrected today, the S&P ended slightly positive as did the Dow. 9 of 20 Top System positions are long and 8 are profitable. Best: TNA +21.1%, SPXL +19.9%, ISRG +18.1%, SOXL +15.0%, FAS +14.3%. Average P/L of all 20 Top System positions: +5.0%."

"TOM'S TECHNICAL TRENDS - AG: FRI 8/7: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Wheat (Sept) is falling and we are out. Corn (Sept) is falling and we are out. Oats (Sept) is stabilizing at current levels and we are still long. Bean oil (Dec) is in a rising trend, but is very choppy. We remain long. Soybeans (Nov) is falling and we are out. Soy Meal (Dec) is falling and we are out."

"OTHER AG (SOFTS): Lean Hogs (Oct) is rising, but choppy. We are long. Coffee (Sept) is trending up, but has had two down days. We remain long. Feeder Cattle (Sept) is trending up, but has been weak in the past few days. We remain long. Live Cattle (Oct) is trending up, but has been falling for a week. We are out. Cotton (Dec) fell fairly hard today. The pattern looks toppy. We are out. Cocoa (Sept) is trending and moving up. We are long. Winter Wheat (Sept) is falling and we are out. Orange Juice (Sept) is falling and we are out. Sugar (Oct) is trending up, but has stalled in recent days. 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.