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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, FEBRUARY 26, 2024)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 2/23: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): MBT (Bitcoin), CC (Cocoa), CT (Cotton), LH (Lean Hogs), CL (Crude Oil), RB (Gasoline), FC (Feeder Cattle). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), KW (Winter Wheat), C (Corn), SM (Soy Meal), SB (Sugar), W (Wheat), S (Soybeans)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Fri 2/23: 9 of 20 Profit Target futures are in uptrends. Bullish trends: stocks, most other ag (softs), dollar. Bearish trends: grains, metals, interest rate futures, most energy, currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Fri 2./23: 17 of 40 Breakout positions are long, the VX is out, and 13 are profitable (77%). Most profitable: CC (Cocoa) +$21,060. Least profitable: RB (Gasoline) -$2,667. Net P/L of all Breakout positions: +$87,956."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Fri 2/23: Another record day, except for the Nasdaq (closed down). 13 of 20 Top System positions are long and 11 are profitable. Best: NVDA +50.5%, META +37.9%, ALGN +16.1%, AMZN +15.3%, FAS +14.25. Average P/L of all 20 Top System positions: +8.3%."

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

"Fri 2/23:"

"GRAINS: Corn (Mar) is trending and moving down. We are out. Wheat (Mar) is trending and moving down. We are out. Winter Wheat (Mar) is trending and moving down. We are out. Oats (Mar) is trading in a range. We sold and are now out. Soybeans (Mar) is trending and moving down. We are out. Bean Oil (Mar) is trending and moving down. We are out. Soy Meal (Mar) is trending and moving down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Apr) is trending and moving up. We are long. Coffee (KC) is trending and now breaking down. We are out. Feeder Cattle (Mar) is trending and moving up strongly. We are long. Live Cattle (Apr) is trending and moving up. We are long. Cotton (May) is trending and moving up. We are long. Cocoa (May) is trending and moving up. We are long. Orange Juice (Mar) is trending up and is in a breakdown pattern. We are out. Sugar (May) is trending and moving down. We are 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 and Randy Mann and persons relating to the operation of this advisory service, assume no responsibilities for errors, omissions or any financial gains or losses associated with any trading suggestions or advice.