Cocoa is the New Healthcare Trade

Well, that may be a bit too much of a reach, even though cocoa does have powerful antioxidants. 

Nonetheless, amid some notable deterioration in the biotech and healthcare sectors today (see the HZNP and KITE blow-ups, among others), note the Cocoa ETF, below on the daily chart, gapping above a tough price level on surging buy volume.

Cocoa has been one of the weaker commodities for a while now. Headed into summer I am looking to see if the this one can heat up for a summer indulgences for longs to enjoy.