Quantcast MLPS UP 9 OUT OF 10 DAYS...BREAKOUT ALERT ON THE INDEX!!! PLUS SOME AFTER HOURS DEVELOPMENTS.
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MLPS UP 9 OUT OF 10 DAYS...BREAKOUT ALERT ON THE INDEX!!! PLUS SOME AFTER HOURS DEVELOPMENTS.

Posted on 10/26/2006 19:22 PM | Link | Post Comment
Sorry for the late post today but i had to work early this morning and the energy level was a little low until now. And it was quite a day with some big gainers in the group and the MLP index in breakout mode or close to it. More below. After hours news...Crosstex Energy will split its stock 3 for 1 as it nears 100 dollars a share. No date has been set other that to say that the split will come after the dividend is paid on November 15.


Looks like the weekly chart is on the verge of a breakout above 100 dollars. That could come tomorrow. Hopefully volume confirms.

Meanwhile the AMZ MLP INDEX closed over 270

It looks to me like we are at the beginning of a powerful upleg here. We're up nine out the last 10 days and its been straight up from 256 just 2 weeks ago. A pause could come at anytime but corrections here will be short and sharp.   Meanwhile some after hours trading in Teppco (TPP) as it jumps to 40 dollars. Normally i would not pay much attention to this except that while after hours volume is light...some bids with size are sitting 30 cents above the NY close. No news on this one after hours. We'll see what happens tomorrow.   Big moves today in Oneok LP up 1.75 and 1 point plus gains in Markwest Energy (MWE), Crosstex (XTXI) and Markwest Hydrocarbon (MWP) which boosted its quarterly dividend.   These are exciting times for our group so hang on as the ride contines.
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