MAYBE A BRIGHTER

WEEK AHEAD?

Always the optimist here if credit spreads are starting to come in and with volitility still coming off extreme levels we may have a shot here for a good week with the wild swings that will continue to go with it. The MLP index sold off late in the day with everything else Friday but still managed an 8 point gain and an up week. We have lots of headroom and the charts at least short term are pointing to higher prices within the context of a bounce.

The dow chart is also indicating that we can have some upside this week again within the context of a bounce. The moving averages are sitting just above 10k and decending at a fairly rapid rate. Still we have headroom to work with.

We will begin to see earnings and additional distribution announcements coming this week but nothing on the board this morning. Nothing yet on the upgrade downgrade list but it is early. The energy complex is up as it continues to move with the stock market; stock futures are higher this morning.

Finally...Cody was cold this morning and i had the blanket!