WEAKNESS TO START MONDAY MORNING
BUT NO SURPRISE!

The runs have been pretty impressive on the short term charts and we're coming off a good week so it should be no shock really to anyone that we are starting the day with some weakness. The Dow chart is back to late fall levels and we are coming in toward the early November high of around 9000. MLPS pretty close to their fall highs and the wall there is around 225. MLPS are up 24% as measured by the index and that's without the 2 distribution checks!

News this morning from Regency Partners (RGNC). Headlines so far. No press release. Otherwise its a news free morning. Crude is down over a dollar and if it gets down to 55 this morning i may jump back in on the DXO which i sold out late last week. Though maybe a pullback was in order. If this is a bull move corrections will come sharp and not last long so eyes are on the tape with limit orders waiting. Nothing on the upgrade downgrade list.