Good Morning.
Letting the opening noise work its way through and no clear trend yet. Most MLPS opened lower with the AMZ MLP index down about 50 cents. Oil stocks also opened lower but the XOI has turned higher at this time. 10 year yield up a touch at 4.82% and there are no corporate developements to speak of.


Anytime now we should get distribution/dividend announcements for Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE). Yesterday's UBS downgrade of ETP only knocked out 30 cents from the price on a day when the group was down hard. ETE looks like its trying to start another up leg to perhaps the 30 level.