Good morning everyone.

A good way to start any monday morning is with a distribution increase. And lo and behold...Energy Transfer Partners provides us with the loaves and fishes. And the daily chart above says the breakout to new highs continues! The weekly chart says we're early in the game.

Crosstex Energy (XTXI)meanwhile has earnings coming out tomorrow morning with a conference call to follow at 11am. This company has done everything right as far as I can see. The Barnett Shale deal is going to add 2 bucks to the dividend from 08 on. Thats long term. Short term the company gave its guidance for 06 back in mid March. Judging by the action in the group it would not surprise me to see the company up estimates tomorrow on both earnings and the dividend prospects for XTXI. And while it makes no real difference in where the price ultimately winds up...how about a 2 for 1 stock split??? The chart is above and its in buy mode. The key breakout point is the 52 week high of 83.50. A breakout above that on volume should take this stock into the low to mid 90s fairly quickly where a the stock could build its next multiweek base. Just my opinion here and in the interests of disclosure i am long XTXI.

No upgrades or downgrades so far this morning but it is early and we're on watch.