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Tuesday, May 04, 2010


MLPS at the lows of the day with the index down 6 and change. Notice we are down in the support zone of the uptrend and a break below 300 is possible if the market sell off continues beyond today. Still no sign of a final top for now as long as support lows. The area provides another entry point; as long as the uptrend is not broken. Of course its always scary to buy when this happens. Most of the big mlp heavyweights like Buckeye (BPL) Oneok (OKS) Williams (WPZ) and Sunoco Logistics (SXL) among other down 1 point or more. Kinder Morgan (KMP) leads the losers list down over 2. No winners in the group today.

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