MORE INSDIDER BUYING IN MLPS

The buying of shares by corporate insiders using open market purchases continues. Add Crosstex LP (XTEX) and Legacy Reserves (LGCY) to the list as company big cheeses continue to advertise that their unit prices are undervalued and they are putting their own money on the poker table. As of this posting the yahoo link to LGCY does not have the new filing listed but that should change later today.

MLPS closed up 6 points yesterday and finished near the highs of the day. Just about every stock in the group moved higher and with the market opening higher this morning we will follow along. The oversold rally continues and the 200 day moving average at 307 would be my first target and the first challenge to see if we can get above it again.

At least the MACD for you technical folks has crossed to the buy side as of the close yesterday. So the oversold rally should continue at least to start the day.