STRADDLING THE SUPPORT LINE

MLPS yesterday tacked on 2 plus points to 214 as we are straddling the rising moving averages here. Market moves yesterday off the fed meeting caused the usually amount of volitility. We are pretty much in watch and see mode here as we try and figure out where the next big move is going to take us.

We seem to be in a corporate news vacuum as we near the end of the quarter. Nothing on the headline list this morning. and i can't find anything on the upgrade downgrade list. So let us crawl to the open and see what happens. Stock futures are a little lower this morning after being up all night. Energy is up this morning ahead of nat gas numbers which we know will be bearish.

NY area has not seen 2 days of sun in a row all month and it has rained for 23 of the last 25 days. Its the third coldest and second wettest June on record. We're all moldy around here.