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Thursday, May 24, 2007


MLPS in free fall this morning after a firm open so we keep having these higher opens and lower closes. The index is down 2.60 points and the selling has accellerated in the last hour. Holly Partners (HEP) Terra Nitrogen(TNH)Suburban Propane (SPH) Atlas Amercia (ATLS), Teppco (TPP) Calumet Specialty Products (CLMT) all down 1 point or more. Fractional minus litter the board today.
Only a few winners today..Breitburn (BBEP) is up fractionally as well as Hiland GP (HPGP) and Atlas Pipeline Partners (APL).
327 support has given way so where we close here is important. Next level is 321 which is not that far off. This is the first trip down to the support lines since last December.

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