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Thursday, October 21, 2010

The tape felt a little heavy heading into the 11,200 print we got this morning. Then the dollar rallied and now stocks are well off the highs. MLPS actually have gone negative with the list split 50-50 between gainers and losers. The index is down a small fraction after being up 2 and around its all time high. It feels to me that stocks may pull back this afternoon judging by the feel of the tape.

Alliance Resource Holdings (AHGP) is down 1 as the biggest loser. Kinder Morgan (KMP) is down 20 cents off its earnings and distribution announcement. Oneok LP (OKS) TC Pipelines (TCLP) and Suburban Propane (SPH) are up on thier distribution hikes.

Nat gas is down to 3.37 on the front month as it just heads to zero i suppose. Its down 16 cents on the inventory number and crude is down 1.83. We have 3 dollar gasoline here in NY for regular. Ugh!

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