Above we have the charts of Atlas Pipeline Partners (APL)and Valero LP(VLI). These 2 charts were probably the ugliest looking among the MLP group but note that since both companies have completed the IPOS of their GPS the selling pressures has completely disappeared and the stocks have been going up nearly every day. Valero LP has earnings out tomorrow and if they boost the distribution again we could see this one run quickly to 54-55. Atlas Pipeline is due also with earninings and distribution which could propel this one to 44-46 rather quickly. Buckeye Partners is the next one to look for as they are under pressure from the IPO of thier GP which is due out soon.

Below we have the chart of the AMZ MLP INDEX which is now around 253. Note that we need to get upt above 270 for an upside breakout. 17 points is lots of headroom and we could be at the beginning of a rally phase that could last awhile...assuming of course that 10 year yields have peaked around 5.25 %


Blogging was light yesterday but am back on the keyboard this morning. First some catch up news from yesterday as Hiland Partners boosts its distribution. Also we have a boost in the distribution of Inergy LP (NRGY) and a bigger distribution boost from Inergy GP.
This morning there are no corporate developemts...at least so far. But we do have Lehman Brothers making positive comments on Markwest Energy this morning as they start coverage with an overweight.