This is a Morningstar piece on MLPS...hat tip to lee for it and i hope Morningstar doesn't mind that its on my blog.

One thing we have to start watching for is relative outperformance. If the market is planning to sell off to retest that Dow low at 7880, we need to see strong resistence to that selling. So now we watch and the clock ticks.

The mlp index is down about 3 points as the down touches 9000 and its down 250 right now. There are some winners today. Natural Resourec Partners (NRP) is up 1.50. Also up 1 and change is Linn Energy (LINE) Sunoco Logistics (SXL) is up a little more than 1 point. And we have fractional gains in Inergy (NRGY) Hiland (HLND) Calumet (CLMT) Buckeye (BPL) and DCP Midstream (DPM). Some of this is catch up from yesterday.

Kinder Morgan (KMP) is the drag on the mlp index and its down a little over 1 point. Inergy Holdings (NRGP) is down 1 after being up over 5 yesterday. Others showing fractional losses but nothing catastrophic.