Its looking more and more like yesterday was "the" bottom as we are up nearly 3 points on the index this morning at 298. Lots of buying and followthrough from yesterday. Some MLPS that did not participate yesterday are playing a little catch up today. E V Partners (EVEP) Nustar Holdings (NSH) Markwest Hydrocarbon (MWP) and Regency (RGNC) are all up 1 point or more. Hiland Holdings (HPGP), Williams (WPZ) Markwest (MWE) and Oneok (OKS) are all up nearly 1 point. Calumet (CLMT), Breitburn (BBEP) Linn Energy (LINE) Constellation (CEP), Natural Resource (NRP) Holly Partners (HEP) all up major fractions.

Only 5 issues are down right now. Atlas Pipeline (APL) DCP Midstream (DPM) and Martin Midstream (MMLP) all down small fractions and could turn as the day wears on.

Nice to see this rally unlike Monday when the dow was up 200 and we sold off.