THE NEXT LEG UP?

After Friday's reversal off the nasty employment numbers the market is waking up to sharply higher futures by almost 90 points on the industrials. So the question is are we on another upleg? The answer will come if we get above 10,200 on a closing basis so we will keep our eyes on that. MLPS bidding higher in the premarket.

We have some earnings this morning to chew through. E V Partners puts up its quarterly numbers which include a 30% production increase and some additional hedges going foward. Regency Partners in its earnings guides to lower end of guidance. Transmontaigne (TLP) earnings came a few pennies shy of estimates but that matters little in this group. And finally Quicksilver Gas (KGS) also announces quarterly results. No moves in the premarket on these issues.

Other markets this morning we have crude higher and nat gas lower. Overseas markets are doing well. The dollar is falling and gold has broken out above 1100 bucks. So we should be moving right along, higher at the open.

Note that the library of links continues to grow as I continue to list mlp web sites on the blog roll. This should make it easier for you if you want to investigate an mlp for future investment by saving you a few steps and a trip to google. Should have them all on there before too long.