LOOKS LIKE A BREAKOUT!

Looks like the dow will be breaking out of this base today with futures up 21 points on the S&P. Everything this morning is working so MLPS, which have been keeping up nicely with the overall market lately should see a corresponding big move today.

News left from last night. Plains All American (PAA) nudges the distribution higher and also adjusts distribution guidance going foward. TC Pipeline (TCLP) gives holders a nice distribution boost. Atlas Resource (ATN) took advantage of higher prices by doing a small public offering of shares but then said its withdrawing its offering of class B shares.

No other headlines this morning and no upgrades or downgrades. So fasten seatbelts and get ready for a blastoff.