THE SLOW GRIND UPWARD!

We continue to march higher in a grinding boring way. The mlp index starts the week on a six day win streak. However please bear in mind that this is an options expirations week. Im wondering whether we are setting up for one of those hard one day sell offs that have hit mlps from time to time in the last year. Support lines are in the 290s if it happens and up until now all those moves have been wonderful short term buying opportunities. Doesnt mean the next one will be but the trend is your friend until otherwise noted. The dow industrials are heading for the top of the 9800-10700 trading range so it looks like this could be a decisive week and the fed meeting tomorrow could be the trigger.

No corporate drivers this morning so the market will be doing the leg work. No upgrades or downgrades either. Stock futures are a little lower this morning. Bonds a little higher. Gold a little higher and energy a little lower.

Tension building on the tape again so we could be getting ready for a big move one way or the other very soon.