Time to look at a few charts and see where we may or may not be going. First off Crosstex. Short term downtrend from its 46 high back to a floor here at 36 which is the prior breakout point. Appears to be holding here.
Meanwhile the 10 year yield has hit a wall at 4.60 short term. Double top at least for now. Maybe a trip down to 4.40 yield into year end? A better looking chart in Atlas Pipeline...not a picasso but better than what follows!
Kinder Morgan chart looks like its broken down in here and at a 5/1/2 month low. Its been straight down since selling new shares in the 51.25 area.


Well we're past the open and we can hear the collective yawn. Most moves are small and favor the downside. Crosstex (XTXI) showing $1.88 loss at the open but this is one of the stocks where 3 or 4 buys can have it back to unchanged. No news to trade on.

Kinder Morgan Partners down another 70 cents and trading at a 5 1/2 month low here.