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Monday, February 14, 2011

MLPS ran out of the gate and took off with energy stocks as a whole providing a good tailwind and no headwind from rising rates today. The index is up over 4 points and we have solid gains in Alliance Resource Partners (ARLP) and Alliance Holdings (AHGP) both up over 2 points and at new all time highs. 1 point plus gains in Magellan (MMP) Oneok (OKS), Western Gas (WES) and Sunoco Logistics (SXL). A whole boat load of mlps from Energy Transfer (ETP) to Markwest (MWE) and Transmontaigne (TLP) up major fractions. Only a few on the losers list that are losing pennies at this point.

Possible new all time high close on the index as we are back up near the absolute highs. Lets look for followthrough buying to take it through.

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