OKAY..A PULLBACK IS IN ORDER!

Up 14 days in a row. The last streak was 14 up in 16 days which resulted in a pullback. So anyday now we are going to get one of those sharp selloffs that take us down to support which now rests at 335. Now for those of you who want to trade this, and it is not for the faint of heart, one could try using the short MLP 2X ETN (MLPI) which will move 2x the percentage down move of the mlp index. Of course if your wrong you will lose money twice as fast. Also note that the short ETN is leveraged heavily to Enterprise Products Partners (EPD) which makes up a large percentage of the index. So that one MLP and probably some Kinder Morgan (KMP) will be the primary drivers. Speaking of the ETNs they do pay a dividend and they all just went ex dividend. Here is a list of the payouts. Even the short ETN pays a distribution. Im not sure how that all works.

Enterprise Products Partners(EPD) raises the distribution and so does Duncan Partners (DEP). UBS this morning is raising the target price on Genesis LP (GEL) to 25 from 22 dollars but leaves it as a neutral. Not much else happening on the corporate side. Stock futures are a little higher this morning ahead of the open as another attack on dow 11,200 seems likely.Oil is up and nat gas is down. Inventory numbers are due out later today.