THE TENSION RELEASE AT 8:30AM

You could feel the tug of war push and pull all week long as the trading range every day got tighter and tighter. All of it to be released perhaps with the employment numbers. MLPS have seen perhaps something more meaningful but we're still not sure. After hitting 300 again the group reversed and we are 5 points below that but only flat on the week. To make the key reversal on the daily chart more meaningful we need to see the mlp index drop to about 288 to make this a weekly key reversal.

But we're in the land of who knows here so we will again just watch and wait for 8:30am and the employment numbers to see if this is going to be the market driver.

Martin Midstream Partners (MMLP) put up earnings numbers last night. We have one trade of 100 shares in the pre market down 25 cents so thats pretty meaningless. Also this morning UBS is raising its price target on Markwest Energy (MWE) to 32 from 31 (whoppee!) while keeping it at a buy.

Markets this morning are all about employment numbers so standby for the earth shattering jolt.