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Tuesday, July 14, 2009

Energy and energy stocks as a whole are holding a firm tone. The mlp index is up all of .25 but the list is showing more winners than losers. Most moves are fractional in nature...at least for now. Global Partners (GLP) and Enbridge Energy Partners (EEP) lead the winners list. Regency (RGNC) leads the smaller list of losers.

It feels to me like markets want to rally and 8250 once again held nicely and we are 100 points above it now. Nat gas is rallying after days of declines. Nothing but a dead cat bounce for now but at some point it has to start rising.

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