You can feel the tension building on the tape in this back and forth tight push and pull as we wait for the Friday morning employment numbers. Meanwhile MLPS are down 2.60 and at the lows of the day as the sell off that started yesterday continues. Most mlps are fractionally lower. Vanguard Natural Resources (VNR) is the days biggest loser down nearly a point and most of the coal mlps are showing stronger fractional losses. Nothing crazy going on and we could still be in the area we call statistical noise. But i cant help but wonder if we're seeing a bit of a sea change and that maybe we are evolving into a trading range bounded by 270 at the bottom and 300 at the top. The test continues.