ANOTHER UPLEG?

Yesterday's close was a new high for the move and over 301 so it looks like we may be on another short term upleg. Im still a little skeptical here due to the massive resistence thats on the chart but if we extend this gain today then i may have to change my tune a bit. MLPS continue to standout while the overall market has been in that watching paint dry mode.

There really isnt too much happening this morning as the corporate front is quiet. Markets are flat with a firm bias this morning so. Energy is up but nat gas is down as oil inventory numbers are due later this morning. Nothing on the upgrade downgrade list. Breitburn (BBEP) earnings will be coming out tomorrow so there may be some bets laid there today.

10 year anniversary of Nasdaq 5000 top. Happy Anniversary!