DAY AFTER THE BIG CORRECTION,

MLPS OPEN HIGHER

AHEAD OF THE HOLIDAY WEEKEND.

A nearly 3% selloff yesterday was messy but so far today we are bouncing. The 55 day moving average seems to be holding up around 321. Atlas Resource (ATN)is up 1 as is Atlas America(ATLS). Holly Partners(HEP) is up nearly a point as well. And many of yesterday's bigger losers are up fractionally. The MLP index is up 1 and change around 322.

Not bouncing...E V Partners which is down 1 and Boardwalk Partners which is been dropping for the last 6 weeks is down another 50 cents. Buckeye Partners (BPL) Calumet Products Partners (CLMT) and Plains All American are losing fractions.

Look for trading to slow to a crawl this afternoon as they make for the exits ahead of the 3 day weekend. No news of conseqence this morning and no upgrades or downgrades to report.