MORE OFFERINGS AND EX-DISTRIBTUIONS

The cycle continues and Nustar (NS) goes ex distribution as does Alliance Resource Partners (ARLP) and Holly Partners (HEP) so we have that going on. And we also have yet another equity offering on the table. Martin Midstream Partners (MMLP) is coming to the well with over a million shares. Also this morning earnings from Magellan Midstream (MMP) should be hitting the tape at any time.

Action was good yesterday as Friday's selloff is now pretty much reversed. So i guess we will be looking around for some sort of upside tailwind as markets are a little soft this morning ahead of the often. But remember we've 2 days of 100 point plus gains so a little softness at the open is clearly understandable. No other headlines on the tape this morning and no upgrades or downgrades so far. 10 year rates are rising this morning after the ADP number which means the jobs number Friday will get lots of attention.

Magellan news link as soon as it posts.