We're flat on the index after being higher most of the morning which really is understanable considering we're up so much in the last 2 weeks. A break may be in order and the 240 level is a logical place as it is the home of the early October 2008 high.

Buckeye Partners (BPL) leads the winners list with a 1 point plus gain. Fractional winners include Penn Virginia Holdings (PVG), Western Gas (WES) Legacy Partners (LGCY) and Exterran Partners (EXLP). The rally today is based more in the mid and smaller cap mlps as the bigger guys take a bit of a breather.

Holly Partners (HEP) is down about 1 on the Goldman downgrade. I stuck an order in this morning at 34.12 and got filled so i am in the money right now. Other losers include Energy Transfer (ETP) Enbridge (EEP) and Williams Partners (WPZ) which are down fractions but they have all had nice moves lately. We could be seeing some rotation in here and a rotational correction is a good thing.