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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(WEDNESDAY, FEBRUARY 8, 2023)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Tue 2/7: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): OJ (Orange Juice), KC (Coffee), NQ (Nasdaq), SB (Sugar), MBT (Bitcoin), RTY (Russell 2000), EMD (Midcap). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), VX (Volatility), RB (Gasoline), CL (Crude Oil), SI (Silver), HG (Copper), BO (Bean Oil)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Tue 2/7: 12 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, most stocks, most other ag (softs), dollar. Bearish trends: interest rate futures, metals, energy, most currencies."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Tue 2/7: 23 of 40 positions are long, the VX is short, and 18 are profitable (75%). Most profitable: NQ (Nasdaq) +$85,917. Least profitable: SM (Soy Meal) -$660. Net P/L of all Breakout positions: +$85,917."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Tue 2/7: A very choppy day before and after comments from Fed Chairman Powell - net positive at the end of the day. 19 of 20 Top System positions are long and profitable. Best: ALGN +71.9%, META +61.9%, TSLA +49.6%, SOXL +46.9%, TQQQ +36.1%. Average P/L of all 20 Top System positions: +26.4%."

"TOM'S TECHNICAL TRENDS - AG: TUE 2/7: ALL TRADING DISCUSSIONS REFER TO OUT BREAKOUT SYSTEM WITH BUY, SELL, AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Corn (Mar) is trending up and now breaking down. We ae long so far. Wheat (Mar) is trending up, and the recent rebound is now stalled. We are long. Winter Wheat (Mar) is trending up and is making a double top. We are long. Oats (Mar) is trending up but now topping. We are long. Soybeans (Mar) appears to be making a double top. We are long. Bean Oil (Mar) is trending and breaking down. We are out. Soy Meal (Mar) is trending up and is moving up in waves. We are long."

"OTHER AG (SOFTS): Lean Hogs (Apr) is trending and breaking down. We are out. Coffee (Mar) is trending up but appears to be topping after a major surge up. We are long. Feeder Cattle (Mar) is trending and moving up. We are long. Live Cattle (Apr) is trending and moving up. We are long. Cotton (Mar) is trending up, but is now breaking down with a sell for Wednesday. Cocoa (Mar) is trending and breaking down. We are out. Orange Juice (Mar) is trending and surging up. We are long. Sugar (Mar) is trending up, but has made a top and is now over extended. 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.