ANOTHER ASSAULT ON 300!

We're back to that elusive 300 top again and the open this morning should bring us right at that door.


Uptrends and technicals are all saying we should break through but i have already expressed my caution on this matter and i will continue to remain cautious until we get some sort of decisive move one way or the other. I would think if the overall market uptrend remains in place we should go through 300 before too long. But doubts remain.

A few anal-ist moves this morning as UBS ups the target price (31 to 34) on DCP Midstream(DCP) while Barclays does the same (20 to 24) to Copano (CPNO). It looks to be more of an adjustment to catch up the moves they've already had then anything new. Transmontaigne (TLP) is putting up earnings this morning and the headlines are that net earnings and revenue increased. Missed this story that Inergy LP (NRGY) is planning to list on the NYSE.

This moring we're seeing small positive moves in stock futures and energy while nat gas is down 10 cents and continues its downtrend from 6 bucks. Looks like a flat open and then we'll see where the day takes us. The path of least resistence remains higher as we are mid way in that 9800-10,700 trading range.