STRADDLING THE FINE LINE!

We've been in a very tight 5 point trading range for the last 15 trading days in MLP land and one way or the other we're going to break. For all the consternation with the rise in long term bond yields, MLPS have held up relatively well. So with stock futures higher this morning and bond yields moving lower we might have some reason to take it back above 360. But lately we've seen early rallies fade in MLPS so we'll have to see what happens after the initial opening push higher.

Linn Energy (LINE) is doing a 10 million share public offering today so the stock is down 1.75 in the premarket. No other headlines to speak of and no upgrades or downgrades. The dollar is a little higher against the majors this morning, yields are lower. Stock futures are higher and nat gas broke out yesterday with a solid gain ahead of this mornings stock numbers. They are due out at 10:30am

A few of you have hit the amazon link (somebody bought a kindle!) and i thank you. This throws about 12 bucks back my way. Now that might sound like much but that covers some of my online cost and i think its great. So triple thanks to anyone who shops at amazon through my link!!!