Hard to argue with this chart as the MLP index closed one tick below the high for the day and the week and at new all time highs. Should see a continuation next week with small corrections along the way.

After the close Valero Holdings (VEH) the general partner of Valero LP(VLI) filed a registration statment. What has been holding this stock back has been the potential overhang of stock that Valero (VLO) holds and will be getting rid of. Now we know that the shares will be coming soon and I think once that offering is out of the way this one should go higher long term.