adbrite ads

Your Ad Here
Your Ad Here




Thursday, March 10, 2011


MLPS were weak right out of the gate and then the selling accelerated. The index was down well over 8 points at the lows of the morning but its come back to minus 7 and change right now. Energy stocks are getting hammered as well. The mlps that have been leading the way higher are taking the biggest hits. Alliance Resource Partners (ARLP) is down 3 and change along with Transmontaigne (TLP). Alliance Holdings (AHGP) and EV Partners (EVEP) are down 2 plus points along with TC Pipelines (TCLP) and Natural Resource (NRP). Lots of 1 point plus minus on the board in shares of Holly Partners (HEP) Sunoco Logistics (SXL), Nustar (NS), Oneok (OKS) and Markwest (MWE). The index is now testing the 89 day moving average. 350 for me is the make or break point and we are sitting about 14 points above that right now. Nothing on the winners list other than one or two that are flat.

Crude is taking a 3 dollar hit today and nat gas is down. None of this should be any surprise really considering how much upside we've seen in the last few months. BTW this past weekend Barrons had a piece on MLPS. Nothing new here but the timing could have been a little better.

No comments: