Rally gathering steam this afternoon as we are hitting up against the 330 level. Buyers are picking up MLPS with both hands as energy rallies and the overall market is mounting a nice comeback off the morning lows. Buckeye Holdings(BGH), Genesis(gel), K-Sea(KSP), and Regency(RGNC) all up 1 or more. Plains All Amercian (PAA), Nustar (NS) Inergy (NRGY) Linn Energy (LINE), Teppcoi (TPP) and other up major fractions.

The losers list is thinning out a bit. Constellation (CEP) down 1.14. Global (GLP) is down .90. Smaller fractional losses in Hiland (HLND) Breitburn (BBEP), and Calumet (CLMT) but note that it would only take a handfull of buys in any of these to wipe out losses fairly quickly.

Terra Nitrogen (TNH) having one of its sharp corrections today...down 9 at 122.