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Tuesday, October 16, 2007

MLPS A LITTLE LOWER AS TRADING IS UNDERWAY


The MLP index is down about 30 cents right now...nothing catastrophic here to be sure. We have about a 50-50 split on winners and losers in the group. No corporate news this morning and we have Goldman starting Spectra Energy Partners (SEP) at a neutral as the only developement on the upgrade downgrade list.

8 winning days in a row on the index and yesterday we moved against the market trend which is bullish. We'll see if today will make nine but a down day is due sometime.

Post is short this morning as i have some things to do. I will update later.

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