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Last week's faux rally is giving way as we dip back into bear-market territory, but we all know there's no shortage of profitable opportunities for traders… even starting down the barrel of a recession.
As Chris Johnson always says, "Luck prefers the prepared trader."
Chris is joining us again on Fast Profits to tell you about a bear-market profit play he's seeing right now. As consumers begin to recoil back into the quarantine slump, one industry is expected to fall the furthest: retail.
In 2020, retail stocks have made a habit of falling as much as 50% to support levels. But after the recent boost, retail is up about 20%… giving it further to fall as reality sets back in.
Today, Chris is giving you a stock to buy today as the retail sector braces itself for a sell-off – and one trade recommendation to leverage the market activity for even larger gains.
Here's Chris with today's trade details…
The Brand-New Markets Live with Money Morning
Action to take No. 1: Buy ProShares Decline of the Retail Store ETF (NYSE: EMTY) with a limit order of $53 per share.
Action to take No. 2: Buy to open June 19, 2020 XRT $28 puts (XRT200619P00020000) with a limit order of $3.40.
Chris Johnson just gave you a shot at turning a profit on the decline of the retail sector.
But if you haven't heard, this isn't the only free content Chris is bringing to the table…
Starting this week, Chris is joining us LIVE at the opening bell to offer his expert analysis, insights, and the opportunities he's seeing for the day. Chris' segment is just the beginning of our daily live broadcasts from our team of professional investors.
Throughout the day, every day the market is open, you now have access to real-time insights from Chris, as well as Tom Gentile, D.R. Barton, Jr., and Shah Gilani.