WINNING STREAK ENDS!

BUT NO DAMAGE

9 up days in a row was a very nice streak and that came to an end yesterday with a 1.02 decline and we are just above 240 to start Wednesday. The dow took its streak to 7 after yeserdays 60 point plus gain and we are closing in on 9000 on the dow.

Last night Sunoco Logistics (SXL) put up earnings which were solid on falling revenues and they raised the distribution which of course is our bottom line. After market trades yesterday took the stock up above its wall at 55. No other headlines out there this morning and nothing yet on the upgrade downgrade list.

Crude is down a little this morning at the 65 level and nat gas is unchanged. Speaking of which Nat gas is about the only thing that has not rallied and in fact has made a new low in the last couple of weeks. We are at levels where historically its about as low as you can get. In the end i would think nat gas at the very least could get to 5 bucks in here especially if there is some sort of view that the economy may start to recover.

No one is using nat gas right now and there lies the issue. There is an almost endless supply of the stuff. Still at some point this has got to rally. I have been sounding this mantra since mid June and since then i've made 3 successful in and out trades on the UNG. I am very long again so i hope to see a nice run in the stuff.

Headlines as they break this morning as we move toward the 9:30am open.