MLPS are off the lows and there is a firmness in the index which is down about 50 ticks. Considering oil down and broad energy stocks following Exxon and the rest of the market, i think we are actually acting fairly well today. No big winners but some fractional gains today in Atlas Pipeline Partners (APL) DCP Midstream (DPM), Magellan (MMP) and Martin Midstream (MMLP) among others.
Losers today some the coal MLPS which are down fractions to a point. Holly Partners (HEP) is down 2 and change on no news. Thinking this one should cut its losses by the close so i took a small flyer for a trade this morning at 31.30. Crude is down nearly 3 bucks with nat gas and everything else following.
Since Cramer has called the bottom i will join the cry of pompousness and cautiously call the bottom in MLPS. 262 is the floor.
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