MONDAY MORNING QUIET IN THE AIR

After Friday's sell off we start the new week at 303.66 on the MLP index. We are about 4 points below the 200 day moving average. Chart has a distinctly bearish look to it and we need to hold above 280-285 if we trade down that low. On the otherhand last years breakout took place in late September


Judging from the action lately we have some base building work to do.

This morning its very quiet out there. No upgrades or downgrades showing up and no corporate headlines. Natural gas sold down again to 5.25 only to see it bounce this morning to 5.45...down only a nickle. No tropical action driving the complex. Oil lower by 89 cents this morning. Stock futures are higher.