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Friday, August 13, 2010

MLPS ON THE MOVE...UP 4 SO FAR



Now that we have all these leveraged ETFs and ETNs in mlp land we are seeing the result. Today is options expirations expiration and we're seeing a flat market overall but the mlp index jumped higher right out of the gate and the index is up 4 points. I knew something was up with Kinder Morgan(KMP) up 1.60 in the premarket on some volume. Kinder is leading the way higher along with Markwest (MWE) on a Citigroup target raise, Oneok (OKS) and Nustar (NS) all up 1 or more. As i type the index is approaching a 5 point gain as the dow is now moving higher.

Its a summer Friday and we're entitled to a bounce here. Lets see how far they can take it.

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