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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(WEDNESDAY, OCTOBER 28, 2020)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Tue 10/27: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): LH (Lean Hogs), SM (Soy Meal), C (Corn), NG (Nat Gas), QN (Mini Nat Gas), S (Soybeans), KW (Winter Wheat). Here are the weakest trends in futures (trade from the short side): FC (Feeder Cattle0, LC (Live Cattle), QU (Mini Gasoline), VX (Volatility), KC (Coffee), QM (Mini Crude), CL (Crude Oil)."

Tom's Profit Target Commodity Comments: "Profit Target F9 Futures: Tue 10/27: 12 of 20 Profit Target futures are in uptrends. Bullish trends: grains, metals, most other ag (softs), most currencies. Bearish trends: interest rate futures, most stocks, most energy, dollar."

Tom's Breakout Futures Comments: "Breakout F9 Futures: Tue 10/27: 33 of 46 Breakout positions are long, the VX is short, and 22 are profitable (65%). Most profitable: EMD (Midcap) +$6,650. Least profitable: YM (Mini Dow) -$1,860. Net P/L of all Breakout positions: +$22,686."

Tom's Top Systems Stocks Comments: "Top System F9 Stocks: Tue 10/27: Pre-election pullback continued today. 17 of 20 Top System positions are long and 10 are profitable. Best: TNA +16.4%, SOXL +7.1%, IWM +5.5%, AMZN +2.7%, FB +2.7%. Average P/L of all 20 Top System positions: -1.1%."

"TOM'S TECHNICAL TRENDS - AG: TUE 10/27: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Wheat (Dec) continues to trend up but appears stalled. We remain long. Corn (Dec) is still trending and moving up. We are long. Oats (Dec) is trending and moving up. We are out. Bean Oil (Dec) is very choppy but now trending up. We are long. Soybeans (Jan) is trending and moving up. We are long. Soy Meal (Dec) is trending and moving up. We are long."

"OTHER AG (SOFTS): Lean Hogs (Dec) is trending up, but now stalled. We are out. Coffee (Dec) is trending down, but is trying to base at current levels. We remain long. Feeder Cattle (Jan) is trending down, but is trying to rebound. We are out. Live Cattle (Dec) is trending and moving down. We are out. Cotton (Dec) is trending and moving up. We are long. Cocoa (Dec) is trending down, but has been rebounding. We are now long. Winter Wheat (Dec) is trending up, but is now stalled. We are long. Orange Juice (Nov) is trending up, but the pattern is very choppy. We are long. Sugar (Mar) is trending and moving up. 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.