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Thursday, October 29, 2009

The rally has a bit of steam as far as MLPs go and we are up well over 3 points on the day so far. K-Sea is down another 2 and change and trades with an 11 handle. A 50% haircut in 2 days. Other than that almost the entire group is showing gains. Enterprise (EPD) on the Citigroup upgrade is up nearly 1 and so is Alliance Resource (ARLP) on RBC listing them as outperform. Williams (WMZ) is up 1.49 on very good earnings and is the days biggest winner.

The dow is up around 70 points and holding. There have been a few attempts to get it up over 100 but nothing successful so far. I would like to see some mommentum build between 11am and noon so i can feel better about what they might try to do after 1pm.

Nat gas numbers are out and nat gas has turned higher as energy moves higher with stocks and the lower dollar.

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