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Wednesday, June 07, 2006





Good Morning!
After yesterday's last 30 minute rally we'll see if we made some sort of tradeable bottom in the overall market. Futures are higher this morning so at least the market opens higher. MLPS have held up very well in this correction and while some have sold off, some have also rallied, some have broken out to new highs...some have made higher lows from 3 weeks ago. So this tells me certainly from a relative strength standpoint that we are in very good shape.

No news this morning and no upgrades or downgrades so i guess we trade with the overall market trend.

I have included some charts of MLPS that i think could do very well over the next few weeks. I really like Regency Partners(RGNC) and Oneok LP(OKS) amoung others. Meanwhile in the one that got away department...how about this chart of Calumet Products Partners (CLMT).

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