Stability has taken over in the overall market pending any new developements in the middle east. The MLP index has turned higher up 34 cents. Big energy stock are selling off a bit this morning with the XOI down 18 points. In MLP land no outstanding movers on the winning side. On the losers list Energy Transfer Equity is down 50 cents as it announced earnings this morning that beat forecasts...but i guess the market already priced that in and they are selling the news.

We will watch the markets today as we are at a critical juncture with the dow industrials which on the daily chart look like they're getting ready to break down below 10,700 which is where the last bounce started.