An interesting thing seems to be going on as crude is selling off 2.60 and taking oil stocks with it. MLPS were up over 1 point but have pulled back to off a few ticks. However it appears to me that MLPS are beginning to diverge from bigger energy stocks as they sell off. Lots of mlps are up fractionally at lunch time. Coal mlps are lower fractions to 1 point.

Watch the afternoon trading...If mlps move back higher it will confirm the idea that we could be in a base building phase.