I don`t think that the Nasdaq is out of the woods just yet. I still think these momentum stocks are having trouble.
Meanwhile the stocks that are on my screen that are making new 52 week highs, its all the energy stocks which having been lagging and lagging all last year. They are finally breaking out, making big moves as the price of oil approaches 105 dollars a barrel.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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