Up nearly 3 points on the MLP index as we have now broken out above the sawtooth ledge on the chart capped at 206. Next stop is 220-230 in my view which takes us back to the November rally high.

Inergy Holdings (NRGP) is bowling along up nearly 2 dollars on the big distribution hike and leads the way higher. Atlas Energy Resources (ATN) and Atlas Energy (ATLS) are merging. Both stocks are up fractionally. The other Atlas shares (AHD,APL) are not doing much this morning. Alliance Resource (ARLP) and Plains All American (PAA) are both up 1 among the bigger movers.

MLP tape looking good today as is the overall market given the swine flu hysteria.