On balance the group looks mixed to lower this morning. Energy Transfer Partners is ripping right along up another 50 cents on its news. On the losing side Boardwalk Partners is down 50 cents as is Crosstex (XTXI). Energy Transfer Equity is a 40 cent loser as well. Everything else is somewhere in between and not doing much on light volume.

Bottoming is a painful process. Just ask Valero LP holders and look at the chart above. Either its a triple bottom or its the beginning of another breakdown. Positives include volume decreasing into this area and momentum in the selling appears to be weakening. But that could all be a chartists bullshit view!