GOING FOR 7 IN A ROW!

Up six straight amd 10 out of the last 12 days for the MLP index which seems to me wants to go to the 240 level before taking a pause. We closed yesterday over 233 so its only 7 points to get there and that puts us back to last September. Rising moving averages including the 200 day are nicely below us so a correction to 210-215 could occur quickly and at anytime but as i have been saying for days now, the wind remains at our back.
Also for those of you looking for entry points be advised that sometimes at the open you can catch a bargain as sellers try to move a block into a vacuum and you wind up with a good price. Take E V Partners yesterday which opened down over 2 points at the open on a large sale and under 20 bucks before closing near 22.50 by days end and up on the day. Holly Partners (HEP) did the same thing as it opened down nearly 3 before closing down less than 1. Just some food for thought if you are feeling lucky.

Kinder Morgan (KMP) may be on the prowl according to this Reuters piece. Makes sense as there are some cheap assets out there looking for a home. Otherwise there are no corporate developements this morning and so far no upgrades or downgrades. Markets look a little soft at the open this morning and energy is a little lower except for nat gas which is flat. Crude inventory numbers out later this morning and that will move prices. Lately everything in here has been bullish.

Saw some strange moves in Hess(HES) yesterday which was down 7 points on no news. Still nothing of note there this morning.