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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(THURSDAY, DECEMBER 7, 2023)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Wed 12/6: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): MBT (Bitcoin), W (Wheat), KC (Coffee), O (Oats), KW (Winter Wheat), RTY (Russell 2000), US (30yr Bond). Here are the weakest trends in futures (trade from the short side): NG (Nat Gas), SB (Sugar), OJ (Orange Juice), VX (Volatility), FC (Feeder Cattle), LH (Lean Hogs), SM (Soy Meal)."

Tom's Profit Target Commodity Comments: "Profit Target F11 Futures: Wed 12/6: 11 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, metals, most interest rate futures, stocks, currencies. Bearish trends: energy, most other ag (softs), dollar."

Tom's Breakout Futures Comments: "Breakout F11 Futures: Wed 12/6: 23 of 40 Breakout positions are long, the VX is short, and 21 are profitable (88%). Most profitable: EMD (Midcap) +$15,300. Least profitable: KC (Coffee) -$3,544. Net P/L of all Breakout positions: +$79,721."

Tom's Top Systems Stocks Comments: "Top System F11 Stocks: Wed 12/6: A bearish key reversal day - opened near the high and closed near the low. 16 of 20 Top System positions are long and profitable. Best; SQ +33.25, TNA +19.8%, FAS +19.3%, TECL +12.7%, MSFT +11.7%. Average P/L of all 20 Top System positions: +8.8%."

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

"Wed 12/6:"

"GRAINS: Corn (Mar) is now trending and weakly rebounding up. We are out. Wheat (Mar) is trending and rebounding up. We are long. Winter Wheat (Mar) is trending and rebounding up. We bought and are now long. Oats (Mar) is trending and slowly moving up. We are long. Soybeans (Jan) is trending and moving down. We are out. Bean Oil (Jan) is trending down now and falling again. We sold and are now out. Soy Meal (Jan) is trending and breaking down. We are out."

"OTHER AG (SOFTS): Lean Hogs (Feb) is trending and breaking down. We are out. Coffee (Mar) is trending up and moving up in choppy waves. We are long. Feeder Cattle (Jan) is trending and breaking down. We are out. Live Cattle (Feb) is trending and moving down. We are out. Cotton (Mar) is trending up, but is slowly breaking down again. We are out. Cocoa (Mar) is trending up and has been moving up, but appears to be topping. We are long. Orange Juice (Jan) is trending and moving down. We sold and are now out. Sugar (Mar) 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, 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.