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Friday, October 19, 2007



When the dow is down 250 its pretty hard to move up against it. MLPS are down with the index off over 2 points and coming into moving average support. 304.66 is where 34 day moving average is which is important in my view. The Dow is also testing moving average support.
Winners are few and include Linn Energy (LINE) Copano (CPNO) Atlas Resource (ATN) and Inergy Holdings (NRGP) up small fractions. EV Partners (EVEP)is down 1.42 as the biggest loser today.
Magellan Midstream ups its distribution as does Magellan Holdings (MGG). Both stocks are down small fractions.

1 comment:

Anonymous said...

Saw across-the-board MLP buying kick in about 15 minutes ago, when the Dow took another leg down. Very positive.