Trade Ideas: KMP

Tech and small caps are taking it on the chin as large caps hold on. The Trade Ideas scan was a little slower with 8 picks covering a time span of 12 minutes. Within that time frame only one stock broke the 20 appearance barrier: Kinder Morgan Energy (KMP) at 25 hits, but earlier in the day and at 35 hits was Johnson and Johnson (JNJ) - a stock I have been holding for 5 years.

Kinder Morgan Energy (KMP has cleared $49 resistance after enjoying a decent September-December run from $42.04 to $48.98. The measured move for the next leg up should see it test $53-54. Stops can go on a loss of Thursday's lows. The stock has a reported 6.7% yield.

Kinder Morgan Energy Partners, L.P. engages in the ownership and management of energy transportation and storage assets primarily in the United States. The company operates through four segments: Products Pipelines, Natural Gas Pipelines, CO2, and Terminals.

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