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Thursday, May 24, 2007

The 2 MLP index heavy weights are down hard now both Kinder Morgan (KMP) and Enterprise Products Partners (EPD) down 1 and change. Only 4 winners that i could find..Atlas Pipeline Partners (APL) up 12 cents...Atlas Holdings (AHD) up 16 cents...Breitburn (BBEP) up 38 cents and Penn Virginia Holdings (PVG) up 40 cents. That's it! Everything else is down. 12 MLPS are down a point or more and 3 are down 2 points or more! You don't see selloffs in this group too often of this size.

If you were looking for cheaper prices...you have a slew to choose from today. Down 7.70 on the MLP index. Next support level for me is the 89 day movning average which is down around 313.

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