ITS TIME TO TURN

If its just a correction then we have reached the limit on the chart folks so we are going to need to see some upside today. Durable goods was much better than expected so futures have a head of steam in them this morning. And we have a fed meeting ending today so 2:15pm will give us something to trade on. MLPS are looking to open higher with the rest of the market.

No news thiis morning on the corporate side. Nustar is having an anal-ist day and here is a slide presentation on what they are going to say. Watching for any headlines about earnings since in past quarters this company has pre-announced upside surprises.

Crude and nat gas are down a little this morning. Stock futures are soaring up 10 points on the S&P. Some preopen bids showing up in MLP land so we shall see in an hour.