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Monday, July 20, 2009

MONDAY MORNING RALLY AS
STOCKS JUST WANT TO GO UP!


Good morning to all on this monday morning. Im still on a double shift but thankfully this is the last day of this nonsense. Meanwhile stock futures are building strength this morning pre opennand we have the energy complex higher across the board. So mlps are set for a higher open as we are now ready to touch the 240 level. This would be a natural place for all of this to stop for awhile but keep an eye on the overall market because if the tape takes us decisively above 8800...maybe we can extend this mlp rally. The index started the year at 176 and we are now 62 points above that. That puts our 2009 gain in the group nearing 40% total return. Not too shabby.

A little early for breaking headlines here in the group but i will try to keep an eye on this during the morning. And we'll of course keep an eye on upgrades and downgrades. More later. And tomorrow i am back to normal.

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