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Thursday, May 05, 2011

We have taken out the lows of yesterday at the open and it looks like a trip to the 360 level is going to happen. The bigger support i believe is around 350. The support lines have not held. The 200 day moving average is at 355. The mlp index is down around 7 points shortly after the open.


Max said...

I learned a painful lesson when the Canadian tax laws changed and Canroys got crushed. I now have stop/losses on all of my MLPs.

Meanwhile, while Obama is taking his victory lap around Ground Zero, Eric Holder is still trying to vigorously prosecute the CIA agents who authorized the use of enhanced interrogation that led to the capture of UBL. But I digress.

joewxman said...

the messiah is in town today which means a traffic nightmare.

Max said...


We went through that last week when the anointed one was canoodling with his celebrity admirers in WLA and Beverly Hills. I share your pain.