Good Morning.
Crude trading lower this morning and in the pre-market ExxonMobil is down about 35 cents. I tend to like lower opens higher closes reversals on volume as a sign that the correction is over. We'll see.

Wachovia upgrades INERGY L.P. to outperform this morning. Tropical Storm Tanya is inland in Georgia.

I have noticed in corrections that MLPS are the last to sell off. That sell off may have begun late in the day yesterday. When you sell you sell the high risk stuff first and if you still have to sell you save the best for last. So we could be close to a trading rally in the oils. XOI is down 100 pts from the high..nearly 10%; most of that in the last 2 days alone. Look for a lower open and then a rally attempt.