THE RALLY SEEMS TO HAVE SOME LEGS
After slightly lower open we've turned it around and the dow is now up 100 points and back over 7000. And the mlp index is doing well today up 3.50 and getting close to the 180 mark. First time since January that we may actually string together 3 up days in a row for the market. The mlp index was up 4 in a row at the end of last month as we are faring better and we are now back up on the year! Glory!
Global Partners (GLP) is the biggest winner today up 1.70. Kinder Morgan (KMP) is up 1.40. Nustar (NS) Oneok (OKS) and Buckeye (BPL) up about 1 apiece. Global put up solid earnings numbers this morning.
A few mlps are showing small fractional losses but nothing tragic for the time being. Crude is up 1.70 as it gets tries to get back yesterday's 3 dollar loss.
joseph cioffi's Source Page - Associated Content
1 comment:
GLP looks like it is in the final days of a classic base-building chart pattern -- the inverted head-and-shoulders. It is pushing right at the neckline and looks ready for the breakout. There is also strong divergence from the broad market trend, a technician's dream.
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