A 6 point loss on the MLP index and we are at support.

K-Sea Transportation (KSP) is down 8 points on the distribution cut and hints of more trouble down the road. Teekay Shipping (TOO) is down in sympthay by 1.50. Oneok LP (OKS) E V Partners (EVEP) and Alliance (ARLP) are down 1 plus each. Down nearly 1 include Sunoco Logistics (SXL) Energy Transfer Equity (ETE) and Plains All American (PAA).

Nustar (NS) is the big winner today up 25 cents as it continues to ride the upbeat company comments yesterday with earnings. If mlps and the market start another upleg this one could lead the way.

1050 on the S&P getting all the attention so watch it carefully. Perhaps everyone is selling ahead of the gdp number tomorrow and unless its really bad...every may have sold ahead of it and the market will rally. That has been the pattern these last several months. So we watch carefully.