The big mlps in the MLP index are down harder then most other mlps and as the result we're seeing the index down over 2 points and just off the lows at 285 and some change. The overall market is rallying as 1350 S&P and Dow 12500 held yesterday and again this morning. Oil is selling off 1 dollar so it looks like we could see an attempt to breakout above 12750 on the down in the next few days. Rally mode is good for MLPS in my view.

Atlas Resource peeked over 40 where it peaked today; though it is still up 1 at 39.60 and leads the list of winners. Enbridge Energy Partners (EEP) Kinder Morgan (KMP) Plains All American (PAA), Energy Transfer (ETP) and Nustar (NS) are all fractional losers.

UBS has a report up on the yahoo mlp group board. Worth a look. Hoping for a last hour comeback.