In the face of a negative tape MLPS are doing well up 1 and some change and back over the 200 mark on the index. Plains All American (PAA) is up 1.60 and leads the way higher. Magellan (MMP) Natural Resource (NRP) Nustar (NS) and a few others are up nice fractions.

The tape action is extremely encouraging in my view and we could be setting up for a nice afternoon reversal in my view. At least i'm hoping thats the case but for those that will be looking for bottom testing there are all kinds of non confirmations showing up. We'll keep our eyes open as the day wears on.