LOOKS LIKE A BOTTOM..
FEELS LIKE A BOTTOM..THEN IT MUST BE????

From the standpoint of the MLP index i think we definitely put in a double bottom and now we are clearly above the supporting moving averages and 300 is inorder this morning at the open. Its all about relative outperformance and that continues in a pretty strong way. If the dow rallies back to 11,000 it might do it with MLPS breaking out to new highs for the move. After Thursday's and Friday's action in the markets i am optimistic. Nice feeling for a Monday morning.

This morning we see stock futures racing ahead nicely and it looks like a solid up open. Energy is higher this morning and Euro markets are in rally mode. No corporate headlines so far this morning and nothing yet on the upgrade downgrade list. So lets head into the open with a nice cup of coffee and a good breakfast since it looks like we will be holding food down today.

Finally for your enjoyment...a race for the ages and a horse for the ages as well! A 100 dollar bet on her first win and then rolled over on the next 16 and you would have close to a million bucks!