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Monday, March 26, 2007

I forgot what a down day looked like! The 5 day winning streak ended today with a 1.64 loss and .22 of that was due to Enterprise Product Partners (EPD) which was down over a buck today. Global Partners was the biggest loser down over 1 although off its lows. Still there were some very good winners today like E V Partners and Hiland Partners. General Marine went ex-dividend of 15 dollars and the stock closed up 1.80.

Energy stocks turned higher and closed at the high of the day and the markets came back from a 120 point loss this morning to nearly unchanged. The undertone here is bullish. The question is whether MLPS are going to correct ot the support lines or was this just a one day pullback. More on this tomorrow. No news to speak of after the close.

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