WHICH CHART WOULD YOU RATHER OWN?

A tale of 2 charts this morning of action from late December to yesterday. As to the answer to the question i think its pretty obvious.


Since January 1st the mlp index is up from 176 to 220 (yesterday's high) which is a 44 point gain or 25%!!! Add 2 distributions and you have total returns over 30% since January 1st. Also note the first rally in mlps took us to 206 before a pull back to 167 intraday and now from the March low we've rallied 55 points from there! So even if you missed the first entry point in December you had another chance to get in. From here if the overall market pulls back so will mlps but we are way ahead of the game as opposed to the Dow which is still down on the year!

Usually heading into a holiday weekend corporate news from mlps tends to dry up and we have no headlines this morning. Nothing on the upgrade downgrade list either so far. Crude is down 1 and change and off yesterday's peak at 62 dollars. Nat gas is 10 cents lower to under 3.90. Adding to my nat gas long position this morning via the UNG if the opportunity presents itself.

Holiday weekend approaching so look for the trading pace to begin to slow late today or tomorrow.