Noticing a few mlps are forming some nice basing patterns in here. Something to keep an eye on.


MLPS holding up well today with the index up 4 points. The dow was up well over 100 and then actually went negative briefly during the Geithner hearings. MLPS that announced distributions today are up like Global Partners and TC Pipelines. Sunoco Logistics (SXL) Plains All American (PAA) Oneok (OKS) are 1 point plus winners so far today. No big losers of note. The few mlps that are down are down just small fractions.

The outperformance continues which is a positive sign longer term.