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Thursday, June 22, 2006

Some market firming in the last hour in what as been a very boring day. MLP's are lying between down 50 cents and up 50 cents. Just a very boring day.

Next week is the fed meeting and we know what they're going to do. Then we can look foward to end of quarter and if it plays like the last one we could see some interesting moves in a few of these that i think are being oversold. Last end of quarter we saw a 2 point rise in Markwest Energy (MWE) for example in the last 15 minutes of trading. Crosstex LP also saw a nice move. This is for short term traders only and one must be very nimble. More on this next week as we get closer to the end of month.

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