In some of these big reversal updays we've had lately strength usually starts in one area and then eventually builds and spreads out to others. The tape has that feel that it wants to go higher this afternoon but given how little it would take to cause a breakdown i'm being cautious. Still the dow is up 140 and @ 8420. It would go a long way technically if we could take out yesterday's high around 8600.

MLPS are languishing for now with the index down 2 points. No big losers but lots of mlps down fractions to major fractions. Very few mlps showing any gains and what few there are up are only up small fractions.

There is a general maliase on the mlp tape today...no interest really in either direction. Lets hope for a move this afternoon. Energy futures all down. Even stupid Sudanese pirates can't resurrect this sad market. Gasoline futures at 1.17 which gives just about everyone a 1 handle on gas and low 2's on heating oil very soon.