Art Cashin, floor trader from UBS, was on CNBC this morning ( February 20, 2009 ) and gave comments on the Stock Market and what to look for.
Art, where do we go now that we broke the lows in the Dow Jones yesterday?
It's a complicated case, we have a Dow theory sell signal since we closed at a new low yesterday....what i'm hoping for is we test the S&P 500 over the next few days and if we hold 741 we could see a rather significant bounce. We could have a brief pop...or a real bear market rally...we will know in a few days. If we break 741 then there will be debate as to us testing the 2002 or 1997 lows.
Bank Nationalization Fears: When you here Alan Greenspan chime in, you definitely have fears. There are certainly rumors going around. For all of Art's Comments, go here
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Showing posts with label cashin bottom. Show all posts
Showing posts with label cashin bottom. Show all posts
Friday, February 20, 2009
Wednesday, February 11, 2009
Art Cashin CNBC 2/11/09 February 11, 2009
Art Cashin, floor trader of UBS on the NYSE, was on CNBC this morning ( 2/11/09 ) and gave his comments on what he sees going forward.
Where do we stand Art?
Timothy Geithner's plan was very troubling because they made this huge media buildup and we got nothing out of it. Even Barack Obama didn't want to talk about it much Monday Night because he didn't want to " steal Timothy Geithner's Thunder" and it turns out Timothy Geithner failed in his first big moment.
S&P 500 Analysis
Yesterday, we did some damage in the stock market....the S&P 500 stopped right at the bottom of the recent trend line at 822. This was the trend like that held 804 a few weeks ago. If we break 822 I think we could go down and retest the lows. The S&P 500 is holding on by a thing thread! For all of Art's Comments, go here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Where do we stand Art?
Timothy Geithner's plan was very troubling because they made this huge media buildup and we got nothing out of it. Even Barack Obama didn't want to talk about it much Monday Night because he didn't want to " steal Timothy Geithner's Thunder" and it turns out Timothy Geithner failed in his first big moment.
S&P 500 Analysis
Yesterday, we did some damage in the stock market....the S&P 500 stopped right at the bottom of the recent trend line at 822. This was the trend like that held 804 a few weeks ago. If we break 822 I think we could go down and retest the lows. The S&P 500 is holding on by a thing thread! For all of Art's Comments, go here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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