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Tuesday, July 06, 2010

Ran to almost a 5 point gain and the dow up 160 but now sellers have taken over and markets are well off the highs of the day. The dow is up just 57 and mlps up 2.60. Alliance Resource (ARLP) leads the winners list up 1. Also up strongly are Kinder Morgan (KMP) Williams (WPZ) and EV Energy Partners (EVEP). Most mlps are fractionally higher. Calumet Specialty Products (CLMT) is down 50 cents as the noteable loser though there is no news here to speak of.

It will be demoralizing if markets can't sustain an up close given the start we've had.

1 comment:

Dave said...

What do you think of new ETN symbol MLP? Supposed to be 2x's price and distribution, but not tax deferred distribution.