REVERSAL MONDAY..OR
AT LEAST OFF THE LOWS

It looked like it was going to get pretty nasty yesterday as 8250 on the dow and 220 on the mlp index wobbled a bit but both levels held and the dow closed near its high of the day and the MLP index came back to cut its losses to about 1 point. The bottom of the recent range has held so now lets try to mount a rally from there. Most pre open indices are flat to a touch higher. Even nat gas is up a whopping .007 of a cent! Glory!

No corporate developments on my screen this morning. A few pre-open trades on Linn Energy this morning up 28 cents but no news that i can see. It looks like a typical summer morning here.

Once again we held the bottom of the range so im looking for some upside today.