MLPS FOLLOWING THE MARKET

WHICH SHOULD MEAN AN UP DAY!

Dow was on a 5 day losing streak which it broke yesterday...MLPS are on a 4 day losing streak which was not broken yesterday but we did come back most of the way and as the chart shows we are sitting in this congestion zone where all the important fibbonacci moving averages are converging. We are above the 34 day and only slightly below the 200 day...which btw might get taken care of right at the open today. We need to clear 308 and get back above the breakout and ideally above 311 on a closing basis would be nice too.

No news this morning so far. Sunoco Logistics put up good earnings numbers last and boosted the distribution so we should see some movement here today. Encore Energy Partners gets a nuetral rating today from UBS.