The fed has done nothing which was expected so now we continue with MLPS down. Big caps continue to feed on the MLP index which is down 2.64 points. The XOI tried to make a stand at 1040 but it seems now that we have given up the ghost. Looking for a move to challenge the 1000 level.

Meanwhile i've been trading in and out of Regency Partners (RGNC) which continues to look like a breakout possibility but then just as it runs to 25 it pulls back to 23. So we sit here in this endless trading range but i still think this one has a shot for an upside resolution. I also took a position in Martin Midstream Partners (MMLP) for a trade.