The holiday mode has slowed the pace of trading a bit. It doesn't hurt that its 80 degrees again in NYC so why stay home? The dow is down but the MLP index is up .60 and is extending its rally for a 3rd day. Although its not ripping to the upside like the last 2 days its understandable that it should consolidate a bit. Buckeye (BPL) Energy Transfer (ETP,ETE) Nustar (NS) and Oneok (OKS) all big caps and all leading the way higher by nice fractional gains of half a buck or at times more.

On the losing side Penn Virginia Holdings (PVG) and Nustar Holdings (NSH) were both down 1 point early but they have cut losses somewhat. Some of last weeks bigger winners like EV Partners (EVEP) is down a fraction but on very low volume.

Even on low volume..upside is upside and its encouraging that the rally is continuing.