Good Tuesday morning.

Last days of August and the first few of September are boring as can be. No corporate news to speak of this morning andno upgrades or downgrades today. External factors are not doing much as Tropical Storm Ernesto is no longer any threat to the oil and gas folks in the Gulf of Mexico so we open on the flat side...the AMZ MLP index is down just a few pennies. Movements are mainly plus 20 cents to minus 20 cents for the most part on very low volume.

Below is a chart of what I think could be the next breakout. Energy Transfer Equity (ETE) looks like its emerging from a base between 25-27...and i think this could run to 30 on the next leg up.



Crosstex Energy's weekly chart implies a little more work to do in this corrective phase...i would scoop up shares with both hands if we get any drop between 85-88. This one has been difficult to trade in and out of lately. I have buy orders in 4 points below the previous days close which i put in every morning...and then keep my fingers crossed for some volitility!



Also please note last nights late blog post which points to an insider buy at Crosstex LP (XTEX).