MLP CORRECTION LOOMING?

We are up 12 days in a row, 16 of the last 17, and 23 of the last 28. Baseball teams should be this hot! So short term we are in one of those places where a pullback to the 34 day moving average could come at anytime. What the trigger mechanism will be? Thats hard to say. However we are in an options expiration week which in the past has caused some quick downside movement. Right now the 34 day moving average sits around 333 so we're talking about 5% here. Im not saying it happens today or tomorrow but we are getting pretty extended and a pullback would be in the longer term pattern that has been so typical since the bottom in mlps in december 2009.

Plains All American (PAA) is increasing the distribution by three quarters of one cent to 95 cents! I guess 3/4 of one cent is better than nothing (but not much better!). No other headlines so far this morning and no upgrades or downgrades. Stock futures are down a little and off the overnight lows after a sell off in Asia. The dollar is rallying this morning and bonds are a little lower in yield. The open looms shortly.