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Friday, January 05, 2007

Opening for MLPS was down sharply as the index bottomed down 2 points so at least so far most MLPS opened lower and so far at their lows of the day. The index has now corrected into the logical support zone which btw was long overdue since the long 4th quarter rally.



Nat gas numbers are delayed for some wierd reason but we'll see if they provide a stablizing factor.

By the way i forgot to mention this morning thay there was no corporate news and no upgrades or downgrades. But after the open we did have news from Calumet Products Partners as they boost their distribution!

Nat gas numbers are out and the draw was basically in line. Crude and Nat gas are flat to slighty higher right now.

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