Oil up 2 and change...nat gas soaring as well. In fact anything gas or coal is flying higher today. MLPS opened higher from the get go and the index is up 1.57 and at the highs of the day. Kinder Morgan Partners (KMP) is sitting near 59 up .75 and at a 52 week high. Natural Resource Partners (NRP) and Alliance Resource (ARLP) both coal plays are today's big winners up 1 and change. Lots of MLPS are showing nice fractional gains.

Of course its a rule of nature which has yet to be violated. The unholy trinity of Constellation (CEP) Linn Energy (LINE) and Eagle Rock (EROC) are all down and as it was pointed out to me recently it is impossible for all three to be up at the same time in one day. It is however possible for all three to be down at the same time and it is the case today although they are small fractional losers.

Hard to focus on the tape when you had no sleep the night before but i did catch a nap. The mlp index chart above continues to show basing action and we at least are trying to fight our way through the congestion zone where all the moving averages cross.