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TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(MONDAY, JUNE 8, 2020)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Fri 6/5: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): O (Oats), CL (Crude Oil), QM (Mini Crude), OJ (Orange Juice), NK (Nikkei), NQ (Nasdaq), SI (Silver). Here are the weakest trends in futures (trade from the short side): LH (Lean Hogs), QN (Mini Nat Gas), NG (Nat Gas), VX (Volatility), KC (Coffee), C (Corn), J7 (Mini Yen)."

Tom's Profit Target Commodity Comments: "Profit Target F9 Futures: Fri 6/5: 12 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, most metals, stocks, most energy, most currencies. Bearish trends: most interest rate futures, most other ag (softs), dollar."

Tom's Breakout Futures Comments: "Breakout F9 Futures: Fri 6/5: 27 of 46 Breakout positions are long, the VX is short, and 23 are profitable (82%). Most profitable: CL (Crude Oil) +$13,350. Least profitable: US (30yr Bond) -$4,563. Net P/L of all Breakout positions: +$58,670."

Tom's Top Systems Stocks Comments: "Top System F9 Stocks: Fri 6/5: A very bullish day today, however, many popular stocks did not participate - major sector rotation continues. 12 of 20 Top System positions are long and 9 are profitable. Best: SOXL +27.4%, SPXL +13.9%, TNA +13.1%, FAS +13.0%, ALGN +7.4%. Average P/L of all 20 Top System positions: +4.3%."