MONDAY MORNING BLUES ON CHINA...
OR JUST PROFIT TAKING!

The china trade war trade overnight is moving a few things around or its just a reasonable excuse to take some money off the table after an up week. No matter MLPS look like they are about to challenge the top of the recent range at 250. Right now odds favor a breakthrough and that means we get back perahps to the 260-270 range with was the base for a long time before last September's breakdown.

Regency Partners (RGNC) has a headline this morning as they continue to expand in Haynesville. Nothing else is happening this morning on the news front and on this early post there are no upgrades or downgrades yet.

Markets this morning are soft as stock futures and gold are down but off the lows. Crude oil is down but nat gas is up UNG is going to start issuing shares again which is causing the premium to collapse to the net asset value this morning. StilL waiting to find out what the CFTC is going to do here. Looks to me like a little selling early and then we'll see if buyers step up to the plate.