FRIDAY (FINALLY)

Been a difficult week for me personally as i've been hit with some sort of virus, maybe it was swine flu, who knows! And while it hasn't been too bad from the standpoint of fever which only lasted 12 hours, it has screwed up my ears, clogged my head, and caused me to sleep almost 13 hours last night which is something i haven't done since i was a teen. I do feel better this morning finally but the other challenge has been the weather here. 20 days straight of just about nothing but clouds and rain. And its the coldest June on record here so far!!! Oh well!

Okay mlps rallied back a bit yesterday up 1 and small change. It appears we are setting up for a higher open this morning. Some headlines on Dow Jones this morning concerning the battle between Quicksilver (KWK) and Breitburn (BBEP) as Quicksilver who owns a stake in Breitburn sends a letter to the board expressing concern over BBEP's equity shelf registration. Quicksilver tells the board they are basically nuts for even thinking of doing an equity offering at these levels and calls the board " out of touch" with reality. The battle there continues!

Stock futures are pointing higher as markets follow Asia and Europe with gains. S&P futures are up 7 right now. Energy is higher including nat gas. And btw while i was a little disappointed that gas sold off yesterday it did so grudgingly and held above 4 dollars. I really believe nat gas is absolutely sold out so i am not giving up on my UNG trade. Also love the fact that everyone and their mother yesterday on CNBC has given up on nat gas. Im still waiting for Joe Terranova's 55 dollar pullback on oil when he went short at 60. Hope he covered!