Whole Foods Markets down on earnings (chart). Even with the decline, it remains richly valued. There is a shift towards the type of food WFMI sells, however, competition from other stores stiffens as they start to stock the same or similar products. If anything WFMI looks like a chart. However, with a steep decline and a gap open lower, it is quite oversold. A rally back up to the gap would be a place to buy puts or short.
Gold and silver rally today. I bought a couple of gold coins during the past week.
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