MLPS AT NEW ALL TIME HIGHS ...

MARTIN MIDSTREAM BOOSTS ITS DISTRIBUTION...ENERGY UP WITH NAT GAS UP BIG AGAIN...COLD TO BRUTALLY COLD OVER THE NEXT SEVERAL WEEKS!!!

We'll start this morning with news from last night as Martin Midstream boosts the distribution by a penny! We'll see if its enough to break the stock out above 35 bucks which has been the previous wall for this one. Note that last quarter an earnings miss and no distribution boost sent this one down to near 30...which in hindsite was a great place to pick up shares

In upgrades and downgrades this morning UBS initiates coverage on Atlas Energy(ATN) at a neutral...yesterdays 2 buy recomendations were only good for a 25 cent move on this one.

The MLP index yesterday has begun another upleg as it breaks out to new all time highs on action that was widespread. The daily chart shows that we've begun another up-leg and i think this one could take us to 300 at a minimum. Wind is still strongly at our backs.

No other news on the wires so far this morning and nothing else in the upgrade downgrade department.

Sometimes it pays to pay attention. Buckeye Partners (BPL) has very quietly been on an uptrend for months but when the moves each day are small you don't always pay heed. Notice the last few days the stock has spiked sharply higher. No news here that i could find but earnings and distribution announcements are due shortly. The market is obviously expecting good things based on recent action.

One last check of the upgrade downgrade department and wee see Teekay Shipping (TOO) is getting a buy recommendation from A G Edwards with a 30 dollar price target.