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Friday, June 20, 2008

Pretty interesting day so far. Dow at the low was minus 187..now minus 129. MLPS are down on the index by a little less than 1 point. The big energy indexes opened up over 1% but have given all of that back. Oil is up the 4 plus dollars it lost yesterday and nat gas is up 13 cents. IMHO if you want to watch a proxy for the overall market watch JP Morgan as i have noticed that it usual is the first one to turn in either direction. Right now its down 14 cents and nearly 2 dollar off its intraday low.

Okay back to mlps Penn Virginia Holdings (PVG) Atlas Energy Resources (ATN) Enbridge Energy (EEP) Dorchester Minerals LP (DMLP) are fractional winners. On the losing side nothing outstanding; just small fractional losses on the board.

JPM just turned higher so watch for a rally attempt in here.

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