MLP INDEX STILL HOLDING ON (BARELY)

We somehow are managing to hold above all the moving averages on the MLP index and this of course is a good. The Dow industrilas meanwhile broke below 8250 yesterday by 100 points and this is not a good sign and 7900 likes below as perhaps a possible line in the sand. Now we can reverse this move if we can return above 8250 but we better do it in a hurry.
The MLP index meanwhle sits right at 220 and actually can take a trip down to 210 and still be okay in its uptrend. Also MLPS are getting some yield support here as buyers are going to stocks with a little yield and safety. With credit markets not nearly as stressed some risk money is coming into our group; at least relative to everything else.

Notice on the charts below that the MLP index continues to outperform the S&P index and the DOW by a sizeable amount. We are coming close to year comparisons which will begin to remove that lovely collapse that occured.

The 5 day comparison is pretty interesting as we are not dropping at anywhere near the same force as the rest of the market.

So this morning we are looking around and not seeing much going on. Crude continues to correct. Nat gas continues to just go down as apparently it has no value. I know there was alot of news yesterday concerning the UNG and possible restrictions on commodities buying in these etf's. Frankly i don't think this is a big deal as when markets go up..they go up. I know that sounds a bit simplistic but the fact is if demand for nat gas shows up one day..nat gas will go up in price even if the UNG can't buy more contracts and issue more shares.

No other corporate developements and no upgrades or downgrades.