Alerian MLP index

The Alerian MLP index closed at 289.53, just below the line of 290 which has pretty much held in recent months. Once again, this is a technical indicator testing whether buyers will support this line as in the past or give up. 4 times in recent months it held. This is also important for fundamental reasons. Limited partnerships own pipes moving oil & gas around the country. If this line can not hold, the markets are giving up on basics. For the brave who like high yields & are willing to put up with tax hassle, they offer excellent values as their long term track record indicates. The index was started on 12/31/96 at 100, today they are triple, a second index including reinvested distributions is 662.