TEPPCO EARNINGS PLUS
SOME MONDAY MORNING CHARTS

We are up on the MLP index for last week and we are on a 7 day winning streak...which is nice. We are also making some headway through the moving average resistence here. And who knows. If everything stays relatively calm we could get above 300 where the 200 day moving average sits. So some hopeful signs as we start the week.


Earnings news this morning from Teppco which posts numbers. The company also is announcing a purchase which is putting them in the marine transportation business. Something new here for them!

Meanwhile i thought i would post some charts of a few MLPS that have not participated in the rally. In fact some of them haven't exactly stopped going down.

The E&P group seems to be having issues in here. Most of this has to do with stock overhang from priviate equity stock sales so there is stock supply. And of course we have gone over Linn Energy (LINE) so many times i have decided that i am not going to even bother talking about this one until the yield drops under 10%.

No other news so far this morning and no upgrades or downgrades...at least so far.