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Thursday, March 31, 2011


Nothing much has happened so far this week to change the uptrend that has been in place since the 2008 bottom. The weekly chart is clearly bullish while the daily chart is always subject to the day to day nonsense that occurs. Still with today being the last day of the quarter we have the end of quarter noise going on. Rates are holding around 4.50% on the 30 year and 3.45% on the 10 year.Crude and nat gas prices remain relatively firm, or in the case for nat gas it has at least stopped making new lows. MLPS are up this morning with the index adding another 2 1/2 points to yesterday's 3 point gain. So unless the market falls apart we could see a new all time high close or close to it this afternoon. Most mlps are fractionally higher led by Energy Transfer Equity (ETE) which is up 75 cents as of this post.

Nat gas inventories are due out in a few minutes. The dow is up 25 points as of this post.

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