MLPS BEGIN NEAR ALL TIME HIGHS
EARNINGS NEWS ON LINE AND TLP
AND GLOBAL PARTNERS MAKES A BUY!

A new week begins and we sit near all time highs but the market has some support this morning so we should at least open higher. Still no sign of any topping action in either the daily or weekly chart. The rally has been unrelenting since October with just that small crorrection at the end of December 06. I continue to believe that MLPS continue to benefit from yield compression on the 10 year rate%. So if the market selloff resumes at some point we remain a flight to quality destination.


Earnings are due from Linn Energy (LINE) and they are forecast to post 39 cents for the quarter. The stock looks like its getting ready to breakout again and remember they have already preannounced an increase to 2.07 annual for this quarter.


Meanwhile after the close Friday Trans Montaigne (TLP) announced earnings which have all kinds of distortions due to aquisitions. Remember they also have already prenanounced a distribution increase schedule for the rest of the year.



The upgrade downgrade list this morning is empty so nothing we can trade on there. BTW the UBS downgrade of Energy Transfer Equity(ETE) resulted in a 50 cent gain and a new all time high on ETE Friday. So much for their opinion.

The energy complex is lower this morning with crude down about 40 cents but energy stocks will probaly get more impact from the overall market performance than the weakness in crude.

So we wait for the open! Breaking news from Global Partners (GLP) as they make a purchase from Exxon and announce how they are going to pay for it.