ANOTHER LEG UP!

Our upleg in this leadership position continues. In fact if you look at the dow chart below vs the mlp chart above we have been clearly outperforming and that is taking more and more mlps back toward not only 52 week highs but all time highs. Notice on the dow chart that we've touched the 34 day moving average and bounced right off so 2 steps foward 1 back continues with no signs of a change in this pattern.
Nat gas is up another 12 cents this morning which is beginning to help some of those mlps that have been teetering on the edge and have never climbed out of the abyss. No corporate headlines this morning and no upgrades or downgrades. The dollar is rallying as interest rates rise. Inflation numbers were a little hot this morning. Crude is up as it tries to get back over 70 bucks.

We get ready for the open. A short correction in mlps is in order and 265 is the logical place to go if we sell off....and right now thats a big if!