NEW WEEK, NEW MONTH, GOING HIGHER!

We are starting the day strong with S&P futures up over 9 points and we have oil and nat gas up nicely pre-open. So its a higher start to the day barring a catastrophe between now and 9:30am, Dow chart is looking at 9500 as the wall which takes us back to last September.



We of course in MLP land have gone above last September's high and it appears that we are aiming for 260-270 which likes only 10% above where we are now. Tail winds continue so no change in the outlook.

Holly Partners (HEP) is aquiring assets from Holly Corp (HOC) which goes right to the bottom line. This morning we are waiting for earnings from Nustar (NS,NSH) and Magellan (MMP,MGG) and i will post when they cross the wire. Nothing on the upgrade downgrade list.

Tropics are still quiet but one of these days we will see something impact energy prices for traders in the short term.