I'm looking into the MLPs this week. Why?
Simply put, this is a time where the actual valuation of the businesses is superseded by fear and other considerations.
We've just seen a major panic in energy stocks and in particular Kinder Morgan. It's no longer an MLP, but it's still the largest psychological anchor of the group. Also, we're in the middle of tax loss selling season.
It's worth looking for some bounce trades in MLP stocks as they test panic lows areas.
Wall St. Jesus noted some large put selling in AMLP earlier this week:
$AMLP 5X NORMAL VOLUME TODAY, LED BY HUGE JAN PUT SELLING
— JE$US (@WallStJesus) December 15, 2015
Here's a list of AMLP's holdings
Here's a look at the daily charts via FinViz
Like at most bottoms, there isn't much to be excited about technically. Frankly, the ETF AMLP might just be the best play for traders.
Disclosure: I have a long position in KMI at the time of posting.
Trade 'em well!
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