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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, JULY 23, 2018)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 7/20: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): OJ (Orange Juice), LC (Live Cattle), FC (Feeder Cattle), NQ (Nasdaq), W (Wheat), CT (Cotton), EMD (Midcap). Here are the weakest trends in futures (trade from the short side): CC (Cocoa), VX (Volatility), LH (Lean Hogs), HG (Copper), S (Soybeans), SB (Sugar), SI (Silver)."

Tom's Profit Target Commodity Comments: "Profit Target F7 Futures: Fri 7/20: 9 of 20 Profit Target futures are in uptrends. Bullish trends: stocks, most energy, most other ag (softs). Bearish trends: most grains, metals, most interest rate futures, most currencies, dollar."

Tom's Breakout Futures Comments: "Breakout F7 Futures: Fri 7/20: 16 of 45 Breakout positions are long, the VX is short, and 13 are profitable. Most profitable: EMD (Midcap) +$8,830. Least profitable: CC (Cocoa) -$1,550. Net P/L of all Breakout positions: +$26,110."

Tom's Top Systems Stocks Comments: "Top System F7 Stocks: Fri 7/20: Stocks had a weak day. 18 of 20 Top System positions are long and 14 are profitable. Best: FB +9.2%, ADBE +5.9%, TECL +5.2%, MSFT +4.3%, AMZN +3.8%."