WATCHING THE FOLLOWING MLPS FOR GOOD ENTRY POINTS

I'm putting up the following 2 charts as examples of MLPS that have recently had good runs and may be now correcting.




Regency Partners has moved nicely from 23 to 27 and now looks to be pulling back and may be base building again. Use the moving averages as logical points of entry as you ladder in. Last week the stock dropped to 24.69 intraday and I would think we could go back down into the 24 area as a bottom for this new base.



Duke Midstream (DPM) has also had a nice run from 27 to 33 and is also pulling back. The same applies here. Watch the moving average values and I would look for a drop to 30-31 zone as a good place to start looking. Assuming the major uptrend in the group remains in tact these corrections will be just that and support should hold.

Not much else happening here in mid afternoon trading. There has been a slight downward bias since lunch time with the index down .33 at 274 and change. Individual issues have been in about the same ranges as earlier.