As often happens on big up days mlps are doing nothing. In fact the index is down 65 cents while the dow is up 140. Looks like mlps are responding to the 10 basis point rise in the 30 year and the 14 basis point rise in the 10 year. Crude is up and nat gas has decisively broken out after being down this morning; nat gas turned around at lunchtime and is now up 2 percent.

Spectra (SEP) is up 50 cents and is today's biggest winner on the UBS upgrade from sell to neutral. EV Partners (EVEP) and Exterran Partners (EXLP) are fractional winners. Plains All American (PAA) is down 75 cents and is the biggest loser along with being the biggest drag on the mlp index.

Nice rally on the day before Thanksgiving!!! MLPS seemed to have figured this out and the buyers have gone home early.