There is weakness creeping into the tape as we are well off the highs in both the Dow Industrials and the mlp index. The losers list is a little longer than before but most of those moves still are small fractions for the most part. Transmontaigne (TLP) the biggest winner along with Alliance Resource (ARLP) as they are both up about 1 point.

3 year auction results due out in 40 minutes and they will move the bond market for sure, especially if isn't recieved well. Usually there is no problem with this auction. Its tomorrow's 10 and Thursday's 30 year that we will have to watch carefully. I went long the ERY which is the triple short Energy (opposite is ERX) for a quick trade. The tape feels like the market will sell off this afternoon. In my never to be humble opinion of course. If can make a quick point or so...fine..then i will get out. This is for an ultra short term trade only.