Sometimes when the brokerages tell you to sell..its already to late. That would explain the 2 point gain in Energy Transfer Partners (ETP) after getting cut to reduce by UBS this morning. I guess the market had enough taking this one down from 64 to 51 in a hurry.

Meanwhile the MLP index got all of yesterdays losses back and is up 3 right now. Constellation (CEP)Buckeye LP (BPL), Alliance LP (ARLP) Natural Resource (NRP)and Inergy Holdings (NRGP) are all up 1 or more. Lots of nice fractional gains in Kinder Morgan Partners (KMP), Boardwalk Partners (BWP) Ferrellgas (FGP) Martin Midstream (MMLP) Penn Virginia Holdings (PVG) and many others.

Some ex-distribution stocks are down today like Linn Energy (LINN) Crosstex LP (XTEX) and a few others but nothing more than fractional losses.