Notice that the dow is coming into a support area in here and if this is just a correction we will turn somewhere from here down to about 9200 or so. MLPs are lying just above the support of the rising moving averages. So its watch and wait to see exactly what we are dealing with here. Its also the first day of the quarter so i guess some people figure its time to book profits.

MLPS are down and dragged by Energy Transfer Partners (ETP) which is down a point and a half on its stock offering. Otherwise most moves are fractional in nature and yes most mlps are down on the day.

Nat gas is getting hit hard on the endless supply numbers. Oil is flat to down a little on the day. Lunch time bringing in a few nibblers but at 1pm we will get a feel for which way this will be headed for the rest of the day.