adbrite ads

Your Ad Here
Your Ad Here

tickers

$IN

amazon

Wednesday, October 11, 2006

We are completely flat on the MLP AMZ index....and the tape is mixed but has a firm feel to it. Crosstex Energy LP (XTEX) continues to sawtooth its way higher now over the 37 level up 46 cents on the day. Small fractional gains in a host of issues but nothing to be dancing in the streets over. Same thing goes for issues on the losing side. Penn Virginia Resources (PVR) and Natural Resource Partners (NRP) are the bigger losers to the tune of 40 cents or so.

Crude oil now with a 57 handle. It seems that energy stocks continue to hold up nicely in here and as crude makes new lows..the XOI is well above its trading low. Bullish divergence if you ask me.

No comments: