A little bit of hesitation at the open but after we worked through it the MLP index is higher now by just about half a point. Some of last week's bigger losers are turning around and are up nicely. Crosstex Energy LP (XTEX) is up 83 cent. Markwest Hydrocarbon (MWP) and Terra Nitrogen (TNH) are up 1. Global Partners (GLP) is up nearly 2. No news there that i can see.

Some losers on the list. Constellation Partners (CEP) is down 1.50. And we have Buckeye Partners (BPL) and Buckeye Holdings (BGH) down fractions. A few others like Holly Partners (HEP),Williams Partners (WPZ) and Nustar Holdings (NSH) losing fractionally as well.

Nice to see the bottom hold in here so we can increase the chances that the pullback was just that in a bull market move for this group. The jury is still out however.