NO OVERALL CHANGE IN TREND (YET)
You can't really gain too much from yesterday's decline which btw finished off the lows in the last 30 minutes. MLPS were up 15 days in a row and 19 out of 20. Now we've been down 3 of the last 4 but we are barely 1 percent off the highs. I still think its time for one of those trips down to the moving averages and with the distributions coming, it seems that would be the sensible time for it to happen. The dow closed down 165 but its been on a pretty much uninterrupted march higher to 11,200 and i still think at the very least we are going to see the dow print at that number. At that point we will determine if its breakout or fake out.
Crosstex Energy (XTEX,XTXI) after the close announced it is resuming the distribution at 25 cents per unit and 7 cents per share on the GP. This leaves Constellation Energy (CEP) as one of the few remaining mlps out there that have not brought back the payout after the Lehman meltdown. Not much else is happening so far this morning. Stock futures are higher after the selloff. The dollar is lower. Crude and nat gas are higher ahead of stats at 10:30am. 30 year rates still under 4% but looking for another run to that level sometime soon.
Crosstex Energy (XTEX,XTXI) after the close announced it is resuming the distribution at 25 cents per unit and 7 cents per share on the GP. This leaves Constellation Energy (CEP) as one of the few remaining mlps out there that have not brought back the payout after the Lehman meltdown. Not much else is happening so far this morning. Stock futures are higher after the selloff. The dollar is lower. Crude and nat gas are higher ahead of stats at 10:30am. 30 year rates still under 4% but looking for another run to that level sometime soon.
joseph cioffi's Source Page - Associated Content
2 comments:
What do you think of MLPL as a way to boost an investors dividend amount?
JT as long as mlps go up this leveraged vehicle will go up 2x and i believe with the matching yield. No brainer except for the fact that if the day ever comes a gain when these things go down..in which case they will go down twice as much. Also there is a time wasting element with these things and if markets go sideways the leverage could work against you. Tread carefully. These things might work better as timing trading vehicles.
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