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Monday, October 25, 2010

At one point this morning every mlp and gp was up but we've come off that extreme. The index is up 1.70 and off its high when we jumped over 352 at the open. Its another attempt to resume the uptrend but we have this headwind around 352. The dow went over 11,200 this morning and is sitting around that level now. So the afternoon could bring a decisive breakout above the highs but keep a cautious eye to the exit door in case resistence holds.

Alliance Resource (ARLP) Holly Partners (HEP) Breitburn (BBEP) and Energy Transfer Partners (ETP) are half dollar winners and lead the list of mlps that are up. Some softness in Boardwalk (BWP) after earnings down 40 cents. Nustar (NS) is basically flat although Nustar Holdings (NSH) is the days biggest winner up 58 cents and just under 34. A few other losers are shedding small fractions.

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