Approaching lunchtime on fed day and the mlp index is up just under a point and just off the highs of the day. Ex distribution stocks lead the down list with Linn Energy down 90 cents but add back in the distribution. Same for Crosstex Energy (XTEX). Hiland (HLND) Natural Resource (NRP) and Energy Transfer Equity (ETE) off major fractions.

On the winners list Oneok LP (OKS) Copano (CPNO) Nustar Holdings (NSH) Enbridge Energy (EEP) and Kinder Morgan (KMP) among others are up 50 cents or better.

Waiting for the fed and last hour fireworks.