THE QUIET WINNING STREAK!

While horse racing discusses Zenyatta's 17th win in a row (if you havent seen it scroll down to Monday's post), we here in MLP land have a 7 day winning streak and we've cleared the middle part of the W. So the next logical stop is the 320 level and if the market gets in full gear, maybe new all time highs on the mlp index at 340. Getting ahead of ourselves yes but we seem to have everything at our backs here including some momentum. Low rates, rising nat gas, and rising stock prices, a drive of cash to risk that pays in yield, and the proliferation in MLP ETF's which, make no mistake, is adding to volatility.

Its all quiet on the corporate news front this morning and so far the upgrade downgrade list is free and clear. Stock futures are higher this morning. The dollar is lower and crude is a little lower. Nat gas is higher and over 5 bucks on futures,