THE BARRONS BOUNCE AND MLPS RALLY!

We're back over 201 on the index as we closed up 2.72 to 201.32. The 205 level would constitute an upside breakout and then we can shoot for the top of the range around 220.

News after the close as top performer Sunoco Logistics is doing a public offering of over 2 million shares. Stock traded down over 2 dollars after the close and changed hands just above 50. Energy Transfer Equity (ETE) was the big winner from the Barrons piece on MLPS over the weekend. The stock closed up 1.08 and is now over 23 bucks and well off the lows. In fact we are at 6 month highs on this one.

The Barrons goose may have more of a one day boost in here. Energy stocks today were generally weak and if we can get some movement there MLPS may be able to keep going. Also its good to see the financials moving higher in all of this and leading the way. The Derexion Triple Financials (FAS) have gone from 2.60 to 10 bucks since mid March. Not bad at all!

Stock futures tonight are sharply higher with the dow futures up over 70 points. The bulls still are in control!

I have a busy week ahead so blogging will be a bit on the light side Tomorrow and Wednesday. I will post when i can. Lots of work for a change!!!