Not exactly a ringing endorsment here as MLPS cont...
Not exactly a ringing endorsment here as MLPS continue to move lower. The mlp index is down nearly 3 to 318. Buying has yet to spread out on the broad list and we are one group with profits and they are selling some the ex-distribution stocks. So i think we need to watch the tape carefully today and hope the dow strength spreads out. Holly Partners (HEP) Oneok LP (OKS) and General Marine (GMR) lead the small list of winners today up fractions to 1 point.
Losers list is long Terra Nitrogen (TNH) is down another 3. Alliance Resource Holdings (AHGP) is down 2. 1 point minueses in both Energy Transfers (ETE,ETP) E V Partners (EVEP) which is ex-distribution today and Natural Resource (NRP). The fractional losers list is a mile long.
Nothing especially surprising in the nat gas numbers and nat gas is down 7 cents. But watch for National Hurricane Center developments.
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