AFTER FRIDAY...WE LOOK AHEAD!

Monday morning in a new month and its Novemeber which usually begins a seasonally strong period. Now notice that even after Friday's big sell off we have not taken out any important support in my view and the uptrend line of those rising moving averages remains intact for both the dow and the mlp index. So really the jury is still out on what is really happening here. Friday was the last day of the year for mutual funds so you can imagine a number of fund managers running to the sell window all at the same time.

Buckeye Partners (BPL) and Buckeye Holdings (BGH) are set to report earnings this morning around 8am No other headlines on the wire this morning. Nothing yet on the upgrade downgrade list. The round of ex-distributions continue this week along with addtional earnings news so we post headlines as they cross. Stock futures are higher this morning ahead of the open as is the energy complex.