GMOTruths
Long

WFM - Flag & New Gap Below!

NASDAQ:WFM   WHOLE FOODS MKT INC
24 1 0
This is a correction to an error in publishing; because of a mistake in tradingview code design.

1. Buy the flag now (45 min ago).
2. Watch the gap below, if price goes to $54.50, buy more.

Fundamentals:
WFM             barely beat earnings . Why? Because they opened up many new stores. Those new stores will take time to become profitable.

Inverse correlation on the monthly between grocery stores ( NGVC             , KR             , SFM             , WFM             ) to oil             price ( CL1!             ).

When oil             goes up, grocery comes back down.

Many Whole Foods stores are also a sort of restaurant, like a mini-Chipotle, sandwich shop/deli. The food is popular and a lot of people use it. The strategy of new locations coincides with the New Urbanism trend. WFM             took a strategy of putting the WFM             below the apartments/condos.
Price going a little down, but mostly sideways. If the market dumps down again soon, I'll pick more up at the 54 dollar level (yellow box).
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