THE MOVE TO 300!

It has been almost unrelenting as we charge higher this morning. The mlp index is up well over 2 points and 300 is only a handful of points away. Some of the lower priced MLPS are moving sharply higher on a percentange basis like Atlas Pipeline Partners (APL) which is up over 7 percent today and now has an 11 handle. Also moving higher is Crosstex (XTEX) which is up over 9 after trading down to 8.50 this morning. Elsewhere fractional winners pretty much across the board. Inergy LP (NRGY) Oneok (OKS) and Sunoco Logistics (SXL) all up 1 or more.

No news drivers in any of these as it appears its just the momentum that is carrying everything higher. At some point a pullback and a sharp one is in order but at what level?