A WEEK GOING NOWHERE?

Strange week so far when you look at the dow industrials. We were up 1, down 1, down 27 and up 31 so if you do the math we are net up 4 points for the week! The bottom of the range would be around 8650 and the top around 8850. On the mlp index we are down a little over 4 points and some of that is a Kinder Morgan (KMP) equity offering. Still some other mlps are pushing to heights not seen in many months. So overall at worst a sideways correction and we still have today to chew through.



Friday's lately have been strong and we have been going out on the highs of the week and there is a chance for the overall market to do that today. MLPS have to get to 233 or better so it would have to be a stellar day for that to happen. Not impossible however. This morning we have a typical Friday beginning. No news so far on the corporate side and no upgrades or downgrades but it is early.Stock futures are flat to a little lower. Energy is lower thanks to a strong dollar.

Finally this morning...talk about bad luck! Its sort of like winning the lottery and then losing the ticket. Bottom line is...when your number is up...there is no way around it.