LOOKS LIKE A STRONG OPEN

Futures overnight and early this morning are pointing to a sharply higher open. Yesterday was another sideways consolidation day so it looks like we have another leg up in this rally that started in mid March. 9000 on the dow looks do-able and im still thinking 240 for the MLP index.



Yesterday the index was dragged by Kinder Morgan (KMP) and their equity offering. This morning we have news from Crosstex (XTEX,XTXI) which is selling assets to pay down debt. Not sure how much is in the already reduced stock price. Nothing on the upgrade downgrade list so far. Energy is sharply higher as well this morning with crude pushing over 71 bucks and nat gas up 12 cents.

Sorry for the lack of posts the last few days as i have been teaching so it limits my access. I also come home pretty fried brain wise. I should be back to normal posting today as i am not teaching!