300 LOOMS LARGE TODAY!

With yesterday's 2 point up close the MLP index is knocking on the door of 300 and it could get there in a hurry this morning. So the test is here and i have to be honest i have my doubts about whether it can get through it decisiviely. Certinaly the market tail wind helps and stock futures start the day higher this morning so let the testing begin.

Targa Natural Resources (NGLS) is getting a target price nudge from UBS; 27 TO 28 bucks. Also back to yesterday as Markwest (MWE) put up earnings after the close and reported record cash flow. The stock was up after the close yesterday and is bid higher this morning. Crosstex Energy (XTE,XTXI) put up apparently excellent numbers and the stock responded by climbing over a buck on both the LP and the GP. The prospect of a distribution returning is increasing here down the road and if so..there is probably more upside to come.

Elsewhere this morning the energy complex is nicely higher to start. Rates are higher as well as the market starts the day in rally mode.

Finally this morning she only raced a handful of times but she was unbeaten and her greatest victory was in the 1994 Breeders Cup Juvenille Fillies and it was a terrific race. Flanders dead at the age of 18.