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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(WEDNESDAY, NOVEMBER 25, 2020)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Tue 11/24: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): S (Soybeans), SM (Soy Meal), CC (Cocoa), BO (Bean Oil), RTY (Russell 2000), LH (Lean Hogs), EMD (Midcap). Here are the weakest trends in futures (trade from the short side): VX (Volatility), NG (Nat Gas), QN (Mini Nat Gas), SI (Silver), YI (Mini Silver, YG (Mini Gold), GC (Gold)."

Tom's Profit Target Commodity Comments: "Profit Target F9 Futures: Tue 11/24: 15 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, stocks, most energy, most other ag (soft), most currencies. Bearish trends: most metals, interest rate futures, dollar."

Tom's Breakout Futures Comments: "Breakout F9 Futures: Tue 11/24: 25 of 46 Breakout positions are long, the VX is short, and 19 are profitable (73%). Most profitable: NK (Nikkei) +$12,975. Least profitable: US (30yr Bond) -$1,156. Net P/L of all Breakout positions: +$54,930."

Tom's Top Systems Stocks Comments: "Top System F9 Stocks: Tue 11/24: Pre Thanksgiving is a seasonally strong time and today was no exception with all averages up. 15 of 20 Top System positions are long and 11 are profitable. Best: FAS +15.7%, TNA +13.7%, SQ +5.8%, SOXL +5.3%, IWM +4.6%. Average P/L of all 20 Top System positions: +2.3%."

"TOM'S TECHNICAL TRENDS - AG: TUE 11/24: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Wheat (Dec) is trending down, but looked better today. We remain out. Corn (Dec) is trending and moving up. We bought today. Oats (Dec) is trending and moving down and we are out. Bean Oil (Dec) is trending up, but has had three weak days. We are long. Soybeans (Jan) is trending and moving up. We remain long. Soy Meal (Dec) is trending up and moving up very slowly. We are out."

"OTHER AG (SOFTS): Lean Hogs (Dec) is trending down but is trying to stabilize at current levels. We remain out. Coffee (Mar) was trending and moving up, but is now in a three day correction. We remain long. Feeder Cattle (Jan) is trending up, pulled back, and is now looking bullish again. We remain long. Live Cattle (Dec) is still trending up, pulled back, and is now moving up again. We remain long. Cotton (Mar) is in a trading range between 70 and 74. We are out. Cocoa (Mar) is still trending and moving up. We remain long. Winter Wheat (Dec) is chopping around and has little direction. We remain out. Orange Juice (Nov) is trending and moving up. We are long. Sugar (Mar) is trending up, but appears to be rolling over. We remain out."


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.