SURPRISE...ITS THE 200 DAY MOVING AVERAGE!

Wasn't paying close attention to the fact the mlp index nosed above the 200 day moving average last week before closing underneath up but only a by a couple of points. Signs the repair job continues but we are at a critical place here technically. The dow needs to get back to 8900 to reach its 200 day and the S%P 500 is around 948 for the 200 day. So if we get an extension of this rally to those levels the mlp index should get above the 200 day. Something to keep an eye on.

Monday morning brings higher stock futures and higher crude by a dollar. No corporate developements and no upgrades or downgrades but its a little early. So it looks like a firm start after last week's selloff. BTW we broke a 9 week winning streak and you have to go back to the srping of 2007 to find a longer winning streak. We're even getting close to the 200 week moving average on the weekly chart btw so its nice to see the repairs continue. You can at least make money trading in this enviornment.

Working this morning so i will try and tweet some posts when i can. Check the twitter posts on the sidebar.