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Tuesday, April 10, 2012

MLPS are off over 6 points on the index as the market is selling off. The dow is down 150. 1 point plus losses in Kinder Morgan (KMP) Markwest (MWE) and others. Plains All American (PAA) is down nearly 2 perhaps on disappointment of only a 2% quarter over quarter distribution increase. Meanwhile Alliance Resource (ARLP) which has been going straight down for 2 weeks is up 1 and change in a bounce which really is no surprise.

Feels like a sea change here and MLPS are challenging the 200 day moving average here. 379.74 is where the expotential moving average sits this morning. The simple moving average is at 373.64. So keep an eye on these levels this afternoon.

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