Looks like that key reversal is falling under the category of noise with the dow up 120 and the mlp index up over 1 point. The index turned higher earlier this morning after the open was worked through. Some stocks are down as they catch up from yesterday but most have turned.

The Wells Fargo moves havent done too much. Inergy (NRGY,NRGP) and Suburban Propane (SPH) are up about 40 cents on their upgrades. Magellan (MMP) is down a little. EV Partners (EVEP) is off its lows on its downgrade, Markwest (MWE) is down around 60 cents but i has had a much better run from the bottom.

Holly Partners (HEP) is down 1 even though they announce a one cent distribution hike this afternoon. Boardwalk (BWP) raised its payout but the stock is flat.

Looks like they want to run em into the close.