Trying to work through some distortions that are dusting the tape. Some of it is unwinding of year end strategies which might be why DCP Midstream (DPM) is down 2.50 on no news. It had an 8+ point rally last week from 37 to nearly 46. Kinder Morgan (KMP) and Oneok (OKS) are up nearly 1 point each and account for a large chunk of the gain on the MLP index which is up .80 points. In the face of the dow down 160 is not bad really. Crosstex (XTEX) was sold down to 31 is now up 50 cents. Boardwalk Partnes (BWP) is another 80 cent winner.

Targa Resources (NGLS) is down 1 and change and Hiland (HLND) is down 1 as we look at the losers list. Atlas Resources (ATN) is down nearly 1 point. Holly (HEP) is down almost 1 as well.

Its not where they start but where they finish so with the down at 13100 and falling to the lows of the day, we are still up and thats something...not much but something.