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Friday, May 07, 2010

UP 6 ON THE MLP INDEX!



The day after the big selloff and the MLP index is bouncing today up nearly 6 as the dow pulls back and forth from 0 to minus 100. Early the dow was down 200 plus so it trying to come back. My apoloigies for not being around late yesterday and this morning. The pullback took us to the moving averages on the weekly chart and we remain under support (around 297) on the daily chart. Its probably best the let the day just play itself out as the market pressure continues to come from Europe along with all the other noise. Employment numbers were good but markets for now are focusing on other things.

I will get myself together and post again Saturday morning and get this all summarized.

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