Volitlity rearing its ugly head right now and the dow has gone from plus 140 to down 2 right now. MLPS were up over 2 on the index and are now barely higher. Watching the tape today you can feel the push and pull in both directions so the close today is important.

Williams Partners (WPZ) and Martin Midstream (MMLP) were both up one or more earlier but have since pulled back. They remain up major fractions. Capital Products Partners(CPLP) got downgrade this morning by Deutche Bank to hold from buy as Deutche is predicting a distribution cut.

While i type this post the mlp index has just gone negative but the dow has turned positive again. The volitility index on the S&P has turned higher and is back up over 30. Enjoy the rollercoaster.