Today (June 2) the US markets pulled back from the prior week correction which had lost nearly 1000 points on the Dow. Gaining 2.25%, the Dow was embraced by the rosy implications sent by home sales for april which were up 6.0%. What does this mean for investors this week? Buy! When bullish sentiment is up for the week ride the wave with your favorite stock, this little jump is likely to be semi-permanent and stocks are ripe for the picking again, after coming down so much last week.
With increasing housing sales in mind look to the beleagured mineral and material sector which are at near 1 year lows at the moment. With rebounding housing sales comes increase in demand for materials.
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