At least the open this morning was not off to the races as they attempt to bounce 'em. Otherwise they probably would have sold into the rally rather quickly. Lets see if the momentum can build as the day wears on.

Meanwhile there is no news of consequence nor are their any upgrades or downgrades. Calumet Products Partners is the biggest loser this morning down 1.27 and there are small fractional losses in a few issues like Sunoco Logistics, Markwest Energy, and Magellan Holdings. On the upside Crosstex which is up 1.49 and we have fractional gains in Hiland, Plains All American, Valero LP and a few others.

On the watch to see if we can mount something substantial.