LOWER OPEN AFTER A BIG UP DAY!

Its a lower open on this Thursday as the MLP index is up 4 days in a row so a pullback is not unexpected. The dow is down about 45 as of this post. Its one of those opens the day after a nice move where profit taking rules the first 1/2 hour and then we'll see which way it goes. The mlp index has cleared most of the support it broke below last week which is another positive as we continue to recover from the "flash crash" and we are now above where we were when the plug was pulled.

Moves are fractional and in both directions this morning. Willams Partners (WPZ) is up 80 cents this morning as the biggest winner. Vanguard (VNR) is down a dollar as an offering of shares is underway. Crude oil down under 74 bucks off 1.60. Nat gas numbers out later this morning.