MAYBE I SHOULD LEAVE MORE OFTEN!

Take a day trip to Saratoga and spend the day at the racetrack and MLPS jump 6 points on the MLPS index. Lost money at the track. Made money mlps. It works for me. All of this on the back of the oil price rebound which for now looks like a 1 day wonder (the oil price rebound). The chart above continues to display a bottoming process but the first headwinds sit right above these levels as the moving averages will provide resistence to some degree. Would love to see MLPS cut above them but its going to take some work.

Distribution news this morning from Eagle Rock Energy Partners (EROC) which boosts. The company also put out a release about its exposure to Semagroup. 6 million is their exposure but it sounds like they are getting paid. Earnings out after the close from Atlas Pipeline (APL) and TC Pipelines (TCLP).

Nothing on the upgrade downgrade list so far. Crude is down a buck this morning after yesterday's gain. Stock futures are a little higher as GDP numbers loom. Exxon Mobil earnings will probably drive energy stocks today so we'll watch for that.

We're up 2 out of the last 3 days and yesterday's move looked impressive.Still waiting for 2 up days in a row. Maybe today.