MLPS IN BREAKOUT MODE...
HIGHER PRICES AHEAD!

That of course is the never to be humble opinion of this writer. MLPS staged a 3 point rally and have done of nice job of outperforming the indexes as has been pretty much the case all year long. Next stop will be 265-270 where i believe might be a place to stand back and look around to re-access the situation. There is a long term base going back a few years ago that launced the run to the all time high at 340. But until then there is still more room to go. The dow seems certain to me to challenge 10000 and it may do so next week provided the world doesnt end between now and then.

Not much happening this morning on the corporate side and we dont see anything stirring yet on the upgrade downgrade list. Friday's usually are a slower day for trading action. And with a 3 day weekend for some folks...markets are open Monday but it is a federal holiday...it be a little more subdued than usual.