An excellent start as we are up 1.25 on the index and except for Regency (RGNC) which is down on a downgrade and Boardwalk Partners (BWP) which is down in its offering increase to 6 million shares from 5 million; everything else is higher. Solid fractional gains in a whole host of issues including Valero LP (VLI) Sunoco Logistics (SXL) Crosstex LP (XTEX), Martin Midstream (MMLP) Magellan Midstream (MMP) and many more.

Energy numbers were bullish and that has brought buyers to the XOI and XNG stocks so we should be able to build on these gains as the day wears on.