Seller's Paradise

Now that Halloween is behind us, perhaps the spooky part of the market is behind us.

Today the S&P 500 closed above 2100 for the first time since August 18. Energy and healthcare stocks did well, up 2%+ for each group. The Nasdaq 100 hit a 52-week high and closed just shy of its March 2000 peak of 4704.73. The key report for this week will be the October non-farm payrolls report due on Friday.

A big shout out and CONGRATS to Born To Sell subscriber Neil Blumenfield who is participating in this year's World Series Of Poker Main Event. Neil survived a field of 6,420 entrants to become one of the final 9, known as the November Nine.

Neil currently has the 3rd highest chip stack of the remaining 9 players. If he were to bust out in 9th place he'd win $1,001,020. Each position pays more than the last, with 1st place paying $7,680,021.

Needless to say, we are super proud of Neil's accomplishment and wish him good luck and good cards in the final game, which will be broadcast live on ESPN starting Sunday, November 8 at 5pm PT. They will play down to 6 players that day, then continue on Nov 9 to play down to 3 players, and then the finals on Nov 10 where they play until there is only 1 player remaining.

When he's not playing poker, Neil likes covered call investing and is looking forward to a nice income stream when he invests his poker winnings in covered calls. Let's see... 7.7M after federal and state taxes gives you about 3.8M for investing. A covered call portfolio generating 1%/month would earn $38,000 per month. That's a lot of poker tournament entry fees. Go Neil!

Johnson Research Group recently published a list of 15 companies that are good candidates for a short squeeze in late October. They then went on to pick their top 3 which they believe are strong candidates for short squeezes.

The 3 companies are: V, VLY, and DF.

A large short position is not necessarily a guaranteed recipe for a successful covered call trade. Many times there are solid reasons for the short position and the stock price may never increase. Other times the shorts get caught in a bull market and have to purchase shares to cover their short positions before they lose too much. That buying to cover is what is known as a 'short squeeze' and it has the potential to increase a stock's price quickly.

JRG's 3 top picks all trade options. You can read their article and decide for yourself if a covered call trade in any of those stocks is right for your portfolio.

Tom Taulli at InvestorPlace today named 6 tech stocks that he believes look good from a valuation standpoint, and have excellent long-term growth potential. He believes these are good stocks to own in 2016.

His stocks are: ADBE, MU, FIT, FEYE, GOOG, and CRCM.

From his list, be aware that FIT released earnings after the close today and is down 8% after hours, while FEYE releases earnings Nov 4 after the close.

To hear his reasoning for each company, see his article 6 Tech Stocks to Buy for 2016.

Our friends at TraderMinute are starting a new $100K Challenge on Nov 11. Trader Carl has had a very successful run recently, up over 100% in the last 5 weeks.

For the new Challenge, Carl's goal is to start with $3K on Nov 11 and turn it into around $20K by Christmas, and then increase it to $100K by early March.

Born To Sell subscribers can follow Carl's trades for free for 30 days by signing up here. You don't have to trade at all; you can just listen in as he evaluates the market and specific setups. You can also ask questions real-time during market hours. Great learning experience.

With about 3 weeks to go until the November options expire, the top 4 covered calls Born To Sell members have written are (in order of popularity):

(Note: Born To Sell members have access to the full Top 10 Covered Call list, as well as having this list update real-time as members change positions. These are not recommendations, they are merely a reflection of our members' current positions.)

Currently, the top 8 stocks Born To Sell members are using for their Watchlist are (in order of popularity):

(Note: Born To Sell members have access to the full Top 20 Watchlist, as well as having this list update real-time as members change their watchlists. And, you can have the highest yielding covered calls from your personal watchlist emailed to you after the close each day. Never miss a fat premium from your watchlist again!)

Born To Sell is dedicated to only one thing: Making Money With Covered Calls. Our subscribers have access to state-of-the-art covered call screeners and covered call portfolio management tools. For less than the profit of a single trade you could be enjoying recurring monthly income using our tools. Three subscription types to choose from:

Plus, all subscriptions begin with a no-obligation 2-week free trial. What are you waiting for? Start collecting premium today!

Happy Trading,

The Born To Sell Team