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Tuesday, October 17, 2006

Lunchtime and MLPS are mixed to higher even though stocks as a whole are selling off today...and 10 year rates plunging on the PPI number which i don't quite get since the core was bad but the headline number was excellent...and rates reacted by dropping sharply. Anyway the falling rates has put a floor under MLPS today. T C Pipelines (TCLP) is toda's biggest winner up nearly three quarters of a point. Valero LP (VLI)is also up nicely as is Teppco(TPP) and Ferrellgas (FGP).

Atlas Pipeline Partners (APL) is down after several days of nice upside and it bumps up against 46 on the charts which constitutes a breakout. Regency Partners (RGNC) and Markwest Energy (MWE) also down fractionally but nothing is news driven.

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