MLPS OPEN HIGHER...ENERGY TRANSFER UP ON GOOD

EARNINGS.

MLPS come out of the gate mostly higher as 10 year yields back away from 5.25....now at 5.10 and dropping this morning. Also energy stocks as a whole are firm so the AMZ MLP INDEX is up above the 250 level. Energy Transfer Partners is up 40 cents on good earnings news yesterday and Energy Transfer Equity is gaining 16 cents. Sometimes these stocks take a day or two to absorb earnings news and don't move right away so my view is patience is in order. Most of the gains this morning are 20 cents or less at least at the start.

Energy Transfer Equity (ETE) is up 44 cents now on the ETP news.

No news nor are there any upgrades or downgrades to speak of.