THE KINDER MORGAN RALLY?

Brother i hope so. Something needs to kick start this sick group (even i'm starting to sound miserable!) and last nights earnings and distribution boost took Kinder Morgan (KMP) up over 2 dollars. Lets hope thats a sign that might finally draw attention to a group thats growings earnings revenues distributions and sporting double digit yields in many cases.


We've got the wind at out back this morning as stock futures are strengthening on good earnings news and dropping oil prices.

The crude oil chart is breaking down as the USO shows. Depending on how you draw it we've either broken the uptrend line or we are in the process of breaking it. Actually a gap down open here followed by more selling may finally complete the island reversal formation. And that may be signally something other than a short term correction. No corporate news this morning and no upgrades or downgrades but we are on watch for earnings and distribution boosts.

The cry for offshore drilling continues to increase. I suggest we start here!


Works for me!