EARNINGS AND UPGRADES!

Alliance Resource Partners (ARLP) hit the ball out of the park yesterday with earnings and guidance. RBC is following that with a big price target upgrade up to 58 bucks from 48. The stock itself was up nearly 5 dollars and at new all time highs before pulling back and closing up 2. Alliance Resource Holdings (AHGP) followed along and we should see another move up today after any profit taking..if we get any of that at all.

In earnings news this morning Duncan Energy Partners (DEP) reports solid numbers. And when Duncan speaks..Enterprise Products Partners (EPD) is right there too reporting solid numbers and record cash flow. No surprise to those of us who are hear every day. The granddaddy of MLPS never disappoints.

Markets are soft ahead of the Goldman skewering and ahead of the fed..and the Greece situation which is getting worse. 10 year rates are falling thanks to a flight to quality. A pullback would be in order anyway considering we've been up 8 weeks in a row. MLPS will probably do their usual pull back and rally as long as rates are behaving and market selloffs remain brief and shallow. Crude is down this morning and so is nat gas.

Ladenburg Thalman starts TC Pipelines (TCLP) at a buy with a 45 dollar price target.