Weekly Review 10/9-10/13

News:

Japan Stocks hit 21 yr high

Walmart Announces 20 billion buyback

Bipartisan bill on Bump stocks

Trump Signs Executive order on health care

Iran deal is on the way out

Unlike college football week 7, this was a pretty quite week in the news. I think the stock market needed a week like this. Hopefully, this starts a new trend and maybe some much needed peace will over take the United States. However, this is probably not going to last.

Earners Coming next week:

Monday- NFLX, SCHW

Tuesday- GS, HOG, JNJ,MS,PGR

Wednesday- EBAY, MTB

Thursday- CCNE, ETEC,VZ

Friday- STI

Sector ETFs:

XLK- 0.72%

XLU- -0.15%

XLV- -0.58%

XLE- -0.10%

XLI- 0%

XLF- -1.29%

XLP-1.24%

XLB- 0.67%

SPY= 0.12%

The stock market had an overall down week. Most of the sectors ended the week in the red. The S&P 500 ended positively but it was a pretty flat week at just a 0.12% gain. This could be the sign of the things to come but after one week there is no need to push the sell button just yet. Hopefully this will act as just a friendly reminder that we are in a very long bull market and that eventually the stock market is going to come crashing down.

Stocks that I bought:

ASIX- $42.94- $45.22

DSKE- $14.13-$13.96

ZLAB- $32.75- $33.61

CLXT- $31.01- $31.09

I had a pretty good week in the stock market. I made a good 5.5% on these four stocks. I learned some pretty valuable lessons. The first one is that a good starting price can help a lot. This was evident on CLXT where if it wasn't for my start price I would have lost money. I also learned the value of a limit order. I lost money on ZLAB because I didn't use a limit order. The important lesson is don't be greedy and take what the stock market gives you. If I wasn't content with taking small profits I wouldn't have had as good as a week. Even small wins can add up over time and large losses can take months to recover from.

Goals for Next Week:

My big goal for next week is not to be greedy. I think as long as I don't be greedy I can have a good week. I think if I continue to target recent IPOs that are reaching new highs. This has been very good for me and I'm thinking this will be a good strategy going forward. I think one thing to work on is being patient. If there isn't a stock there is no need to force it.

Quote of the Week:

"You only have to do a very few things right in your life so long as you don't do too many things wrong."- Warren Buffet