APPROACHING YEAR END...MLPS SET TO GO OUT NEAR ALL TIME HIGHS!
Good Thursday Morning!
Its the day before the last trading day of the year. MLPS have been a big winner this quarter and this year...outperforming just about every measure around. So with 2 trading days i'm thinking upside pressure will be there as they mark everything up to make things look even better. This morning it is news free from a corporate standpoint and no upgrades or downgrades.
I mentioned yesterday Alliance Resource Partners (ARLP) and Alliance Holdings GP (AHGP)as possible rally candidates once tax loss selling was done. Judging by yesterday's action it looks like they may have put in their bottoms and that the bounce may be starting. Looking for follow through upside here today.
Not much else to blog about today pre-open so i'll let the cards play themselves out and repost after 10am
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