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Monday, November 23, 2009

Off the highs and in mlp land we we're up over 265 where we touched the high of the first thrust a few weeks ago and we've come off that. So lets watch 265 as an important point here. Im wondering whether we might be setting up for a short term reversal in here. Just a feeling.

Buckeye (BPL) Oneok (OKS) and Natural Resource Partners (NRP) lead a long list of fractional winners while TC Pipelines (TCLP) is down 75 cents. They are coming off last week's stock offering so there is some overhead supply there as there is for Nustar (NS) Holly Partners (HEP) and some others. Also we'er in light volume Thanksgiving mode.

Dow up 129 as of this post and off the up 170 from earlier.

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