CAN MLP INDEX RECOVER FROM

(GASP!) ONE POINT LOSS?

ENERGY COMPLEX SHARPLY HIGHER

THIS MORNING

OTHERWISE ITS A QUIET START TO THURSDAY!

Well folks the winning streak of 6 days in a row has come to an end with yesterday's 1 point loss. I was starting to wonder whether we'd see a down day again. Close examination of several of the biggest moving MLPS in this bull run show that some MLPS have undergone or are undergoing a pullback. Hiland LP (HLND), Global Partners (GLP)Markwest (MWE) and E V Partners (EVEP) had downgrades providing the catylist for the pull backs.




Note that Hiland, Markwest and Global have moved to their moving average support lines and could be in a place where shares can be accumulated.( i am long Hiland and Global in the interest of disclosure). E V Partners began its drop yesterday and it could fall to 34-35 in order to meet its moving average. So if i were looking to buy this one back...that would be the place to start looking. Meanwhile there are some other issues that made new 52 week highs yesterday. Lets see first however if we experience 2 down days in a row before we call an end to this current upmove.

This morning is quiet on the news front and no upgrades or downgrades so far. Crude and nat gas are higher this morning ahead of nat gas numbers. 10 year rates are falling this morning. So we'll bring on the open and see where the morning trading takes us.