A Few Casual Pickups at the Health Markets

We have a mixed bag this morning, with weakness in financials the tech battling it out against small cap and more materials strength.

If this action keeps up, we may very well see a rangebound market where both carefully crafted longs and shorts can work. With this in mind, we know the organic health food stores have had a rough couple of quarters. 

But Whole Foods is gapping hard this morning, and peers TFM SFM are basing tightly behind the leader. Note SFM flagging tightly on the daily chart, below, with a $29 potential trigger above. 

It is still tough to call a meaningful bottom in WFM and the like, due to their multi-year unforgiving downtrends and many trapped longs along the way. But for a few casual pickups at the store, they are worth watching.