We followed broad energy today with a nice gain on the index of 2.62 @ 264.80 and very close to the highs of the day. So it looks like last week was at least a short term bottom of sorts and we continue to move up from that 260-62 level that had been "magical support" for awhile.
Energy Transfer Partners (ETP) was the days big winner up over 1 point.

More insider buys today at Williams Partners (WPZ), DCP Midstream (DPM) with two insiders buying there...1000 shares and 2000 shares; and Martin Midstream Partners (MMLP). So we continue to see insider buying at an unprecedented pace. Certainly these are among the biggest insider buys in 3 years. Can't be bearish if they are using their own money and making open market purchases.

I liked the action on the mlp tape today as it was methodical..opened higher..pulled back...and then moved higher this afternoon into the close. And the gain was not too big to suggest it would be nothing more than a dead cat bounce. Looks like we could be at the beginnings of some base building in here.