STRADDLING THE SUPPORT LINES

We're at the point where the last leg up began..at least when you look at the chart support moving averages. This is a logical place to buy or at least has been 2 other times so far in this bull move. Remember this move for MLPS began back in December and double bottomed in March so we've had longer upside. My guess on the overall market is that since we've been on the lead the market turns after we've topped. And so far no sign of that. That is of course unless we break below the 89 day moving average.

Btw we are well above the 200 day moving average and have been for quite awhile. And it took us a year to undo the Lehman damage.

This morning is quiet on the corporate front with no headlines and no upgrades or downgrades so far. In the who cares department we have another possible tropical storm organizing and this one has a shot to head into the Gulf Of Mexico if it developes. Of course the nat gas market will drop to zero on the news. Vacation paced trading continues. Its like watching paint dry.