The mlp index is up a little over 50 cents today..off the highs. K-Sea (KSP) and Hiland Holdings (HPGP) are down 2 points each; K-Sea on the stock offering. No news on Hiland GP though the LP (HLND) is up a fraction. Buckeye Partners (BPL) is up 35 cents on the upgrade by Deutche and Buckeye Holdings (BGH) is down 35 cents on the downgrade by Deutche. Elsewhere Natural Resource Partners (NRP) and Inergy Holdings (NRGP) lead the winners list up 1 point each.

Calumet (CLMT) is down 88 cents and leads the losers list others than the ones mentioned above. Regency(RGNC) and Global Partners (GLP) are losing fractionally.

Looks like a consolidation afternoon after the big gains of the last week or so. It appears to be very orderly in here.

Tonight its the Meadowlands 3rd race where Farleyshelonwheels goes for win number 3 in a starter allowance. Its the 3rd race. We actually nominated him for the Princeton Stakes last week but opted for this softer spot.