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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(WEDNESDAY, MAY 18, 2022)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Tue 5/17: Based on my best momentum formula here are the strongest trends in futures (trade from the long side - may be overbought): KW (Winter Wheat), RB (Gasoline), W (Wheat), NG (Nat Gas), CL (Crude Oil), CT (Cotton), SB (Sugar). Here are the weakest trends in futures (trade from the short side - may be oversold): MBT (Bitcoin), O (Oats), SI (Silver), LH (Lean Hogs), SM (Soy Meal), NQ (Nasdaq), RTY (Russell 2000)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Tue 5/17: 8 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, energy, dollar. Bearish trends: metals, most interest rate futures, stocks, most other ag (softs), currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Tue 5/17: 11 of 40 Breakout positions are long, the VX is out, and 9 are profitable (82%). Most profitable: NG (Nat Gas) +$37,280. Least profitable: FV (5yr Note) -$680. Net P/L of all Breakout positions: +$113,661."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Tue 5/17: Stocks continued to rebound off recent lows. 1 of 20 Top System positions is long and profitable: FB +1.3%. Average P/L of all 20 Top System positions: +.6%."

"TOM'S TECHNICAL TRENDS - AG: TUE 5/17: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Jul) is trending up again and is now in a choppy rebound. We are still out. Wheat (Jul) is trending and surging up. We are long. Winter Wheat (Jul) is trending and surging up. We are long. Oats (Jul) is trending down but now rebounding. We are out. Soybeans (Jul) is trending down, but has been rebounding in recent days. We are out. Bean Oil (Jul) is trending up, but the pattern is topping. We are long. Soy Meal (Jul) is trending and moving down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Jun) is trending down, but has been rebounding for 3 days. We are out. Coffee (Jul) is trending up now, and rebounding. We are still out. Feeder Cattle (Aug) is trending and breaking down. We are out. Live Cattle (Jun) is trending and breaking down. We are out. Cotton (Jul) is trending and moving up in waves. We are long. Cocoa (Jul) is trending and breaking down, but is in a minor rebound now. We are out. Orange Juice (Jul) is trending and breaking down, but is now rebounding. We are out. Sugar (Jul) is trending up now and is in a strong rebound. We are out so far."


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.