RALLY CONTINUES, HOWEVER????

Im not trying to spoil anyone's parade as the market remains in rally mode. At anytime we could see a sharp correction that should last no more than a day or 2. Perhaps it will be done in a matter of trading hours. What could set one of these pullbacks off? Who knows? We'll know it after the fact. The bottom line however is at this stage any sell offs should be bought until further notice.


MLPS continue to lead and show no signs of topping. 260-270 seems to be doable in here especially if dow stocks rally to 10000 and the S&P to say 1050-1100. Energy stocks and energy itself could be in focus this week as tensions between Iran and Israel continue to grow. Still waiting for nat gas to do something other than go down.

Earnings news this morning from Enterprise Products Partners (EPD) and Duncan Partners (DEP) which are pretty much the same thing in a sense as Dan Duncan controls both. Must be nice to be him every morning! Also posting this morning Boardwalk Partners (BWP) with a conference call underway as i post. And we have Ferrellgas (FGP) picking up some assets in the south central US. So we have some news items to chew through this morning. Nothing on the upgrade downgrade list. Stock futures were higher but they have turned a shade lower this morning. Energy is higher except for nat gas which is a little lower.