Even by dead cat bounce standards this one is pretty sad in mlp land. Looks like some of the bigger mlps are seeing selling on volume so someone who did not unwind yesterday is unwinding today. Energy Transfer Partners (ETP) and Atlas Pipeline Partners (APL) or both down over 1 dollar. Kinder Morgan (KMP) is down a small fraction and so is Enterprise (EPD) so the mlp index is up all of 0.50!

Some of the smaller guys in the index getting a bounce like Williams (WPZ) up 1, Exterran (EXLP) is up 1 as well. But they are all coming off their highs.

Looking for more selling to come in this afternoon. Crude was up 5 and is now flat. The dow was up 200..now up 100. But sometimes off big sell off we get a surge and then a pullback so don't give up hope yet. But it is looking pretty grimm.