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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(THURSDAY, DECEMBER 1, 2022)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Wed 11/30: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): NG (Nat Gas), MBT (Bitcoin), US (30yr Bond), YM (Dow), BP (British Pound), ES (S&P), EMD (Midcap). Here are the weakest trends in futures (trade from the short side): VX (Volatility), CL (Crude Oil), RB (Gasoline), W (Wheat), CT (Cotton), LH (Lean Hogs), HG (Copper)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Wed 11/30: 10 of 20 Profit Target futures are in uptrends. Bullish trends: interest rate futures, metals, stocks, currencies. Bearish trends: most grains, energy, dollar. Mixed: other ag (softs)."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Wed 11/30: 22 of 40 Breakout positions are long, the VX is short, and 20 are profitable (87%). Most profitable: YM (Dow) +$22,630. Least profitable: NG (Nat Gas) -$3,420. Net P/L of all Breakout positions: +$106,807."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Wed 11/30: The market was drifting down early, then Jerome Powell began to speak, and lit a fuse that caused stocks to skyrocket. 16 of 20 Top System positions are long and 14 are profitable. Best: SOXL +62.2%, FAS +47.5%, NVDA +30.4%, ISRG +27.8%, TNA +10.9%, SPY +7.5%, SPXL +7.3%. Average P/L of all 20 Top System positions: +11.1%."

"TOM'S TECHNICAL TRENDS - AG: WED 11/30: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Mar) is trending down but has been rebounding off oversold lows. We bought and are now long. 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 narrowing range. We are long. Soybeans (Jan) is trending and rebounding up. We bought and are now long. Bean Oil (Jan) topped several weeks ago, pulled back, then had a weak rebound. We are out. Soy Meal (Jan) is trending down, but has been rebounding. We are out with a buy for Thursday."

"OTHER AG (SOFTS): Lean Hogs (Feb) is trending and moving down. We are out. Coffee (Mar) is trending down, but is now rebounding. We bought and are now long. Feeder Cattle (Jan) is chopping in wide waves. We are out. Live Cattle (Feb) is trending up and rose today after a minor pullback. We are long. Cotton (Mar) has been breaking down, but has been up for two days. We are out. Cocoa (Mar) is trending and now rebounding up. We are out. Orange Juice (Jan) is trending and breaking down. We are out. Sugar (Mar) is trending up, pulled back, and is now in a minor rebound. We are long with a sell for Thursday."


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.