Commodities May Keep Powering Higher

This column was originally published on RealMoney on Feb. 23 at 2:56 p.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

The market has enjoyed another solid week, with most of the indices hitting new highs. Areas that have shown prior weakness, such as the Nasdaq 100 and the small-cap stocks, have stepped up to the plate.

We'll have to see whether the breakouts to new highs can hold. For now, though, there continues to be solid institutional support and healthy rotation into strong sectors.

Most notably, steel stocks remain in a powerful uptrend. I discussed this group in my Feb. 9 column and suggested that it might be time to take some profits in some of these names. ...