5 POINT CHRISTMAS PRESENT FOR MLPS

BUT IS TODAY RETURN DAY?

Welcome to all on this boxing day where i supppose many of us would prefer not to see anything resembling food after yesterday. And i hope everyones Christmas was a good one. We got a nice 5 point rally on Monday and we are now near 300 again on the MLP index and 10 points above the low of last week. Does it continue today? Sure as hell hope so. And while Monday's volume was not exactly inspiring all the year end pressure seems to have come off as i noticed on the tape that sellers seemed to have all but disappeared. There is lots of headroom here for mlps to run up before even coming close to being overbought. Take a look at DCP Midstream(DPM) which has rallied 8 points in the last 2 days once the sellers went away. Atlas Pipeline (APL) didn't start to move until Monday and Nustar (NS) is another one that has room to run. So i think we have the wind at our backs at least until year end. And today is the last day you can sell if you need your trade to settle in 2007.

No news that i can see so far. More later when i get home from work.