Art Cashin was on CNBC this morning, July 8, 2009 - and gave some comments about what he is seeing in the stock market right now. Art is a floor trader from UBS on the NYSE as well as a CNBC contributor.
Art Cashin Comments - July 8, 2009
I think we will know the coarse of the stock market by July 17, 2009. Whether we retest the lows or not, we will have an answer by the end of next week. As far as earnings go, I an discounting the earnings and focusing on the outlook.
The first stimulus package was part illusion and hope, we misused it, we may not be able to help ourselves now the we actually need it.
Stay tuned................
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Showing posts with label rally. Show all posts
Showing posts with label rally. Show all posts
Wednesday, July 8, 2009
Wednesday, July 1, 2009
Art Cashin CNBC 7/1/09 July 1, 2009
Art Cashin was on CNBC this morning, July 1, 2009 - and gave some comments about what he is seeing in the stock market right now. Art is a floor trader from UBS on the NYSE as well as a CNBC contributor.
Art Cashin Comments - July 1, 2009
I think the market would really like to rally, so there is usually slight prejudice in the first three trading days of the month as well as going into a holiday weekend.
The enemy of all this is that the trading is so light that any piece of news could really move that market in either direction
For all of Art's Comments, go here
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Art Cashin Comments - July 1, 2009
I think the market would really like to rally, so there is usually slight prejudice in the first three trading days of the month as well as going into a holiday weekend.
The enemy of all this is that the trading is so light that any piece of news could really move that market in either direction
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
Tuesday, June 30, 2009
Art Cashin CNBC 6/30/09 June 30, 2009
Art Cashin was on CNBC this morning, June 30, 2009 - and gave some comments about what he is seeing in the stock market right now.
We are at 8500 again....are we still in the sideways trade?
Looks like we will continue...stock market is looking tired. We are waiting to see a break out of this range. It can go either way at this point, we are just watching and waiting.
Earnings are upon us:
I suspect we will see no visibility, the bar for earnings is low so they should be able to meet those. The key will be the outlook going forward. There are signs that we cannot see ahead. If Oil rises above $74, you could see a short covering spike and that could hurt things.
For all of Art's Comments, go here
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We are at 8500 again....are we still in the sideways trade?
Looks like we will continue...stock market is looking tired. We are waiting to see a break out of this range. It can go either way at this point, we are just watching and waiting.
Earnings are upon us:
I suspect we will see no visibility, the bar for earnings is low so they should be able to meet those. The key will be the outlook going forward. There are signs that we cannot see ahead. If Oil rises above $74, you could see a short covering spike and that could hurt things.
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
Friday, March 27, 2009
Art Cashin CNBC 3/27/09 March 27, 2009
Art Cashin was on CNBC this morning, March 27, 2009 - and gave some comments about what he is seeing in the stock market right now.
Are there any Bears left Art? Can this rally last?
Window Dressing: You are seeing some window dressing - Fund managers are seeing this sharp rally and its making headlines, - they are attempting to buy the winners so they show up in their portfolios ( when the statements go out ). Today may be the last important day...we will see what happens at the end of the day.
Raise Cash? I thought there would be a powerful rally weeks ago, there might be a little bit of steam left in this rally. 70% of stocks are above 50 day moving average, when you see 80% the rally starts to die. We might have a change in direction around Easter...just not sure which way yet.
Shorts have had fear placed back on their plate...I think they are nervous now but if we get another dip, they might try and push it down once again.
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
Are there any Bears left Art? Can this rally last?
Window Dressing: You are seeing some window dressing - Fund managers are seeing this sharp rally and its making headlines, - they are attempting to buy the winners so they show up in their portfolios ( when the statements go out ). Today may be the last important day...we will see what happens at the end of the day.
Raise Cash? I thought there would be a powerful rally weeks ago, there might be a little bit of steam left in this rally. 70% of stocks are above 50 day moving average, when you see 80% the rally starts to die. We might have a change in direction around Easter...just not sure which way yet.
Shorts have had fear placed back on their plate...I think they are nervous now but if we get another dip, they might try and push it down once again.
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
Tuesday, March 24, 2009
Art Cashin CNBC 3/24/09 March 24, 2009
Art Cashin was on CNBC this morning, March 24, 2009 - and gave some comments about the explosive rally we saw yesterday. Art Cashin came on CNBC around 2:30pm and said yesterday's stock market rally would either start to fade or we will have a fireworks explosion to the upside. The Dow Jones ended up going up an additional 200 points!
Art Cashin Comments -3/24/09
How impressive was the rally?
It was a stand out day, 97% of nyse stocks traded up, the VIX didn't pullback, but you can't take anything away from the rally. This current rally ranks in the Top 10 rallies. We punched through 804 resistance on the S&P 500, we are now overbought, we will have to rest here and wait to see what comes out of Washington.
Toxic Asset Comments:
Will the sellers sell at low prices?
If they sell, what will they do with the money? Probably pay the TARP back as quick as they can, they don't want the mother in the kitchen ( Washington ). Goldman Sachs came out yesterday and said they would do this.
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
Art Cashin Comments -3/24/09
How impressive was the rally?
It was a stand out day, 97% of nyse stocks traded up, the VIX didn't pullback, but you can't take anything away from the rally. This current rally ranks in the Top 10 rallies. We punched through 804 resistance on the S&P 500, we are now overbought, we will have to rest here and wait to see what comes out of Washington.
Toxic Asset Comments:
Will the sellers sell at low prices?
If they sell, what will they do with the money? Probably pay the TARP back as quick as they can, they don't want the mother in the kitchen ( Washington ). Goldman Sachs came out yesterday and said they would do this.
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
Tuesday, March 17, 2009
Art Cashin CNBC 3/17/09 March 17, 2009
Art Cashin was on CNBC this morning, March 17, 2009 - and gave some comments about the stock market on St Patrick's Day 2009.
Art Cashin Comments -3/17/09
Is the stock market rally / bounce over?
The jury still out, yesterday the market go ahead of itself, hit some resistance around 7400, and then closed down. We would not like to have two down days in a row.....more down action could take us down to retest 720 on the S&P 500.
If this rally isn't the real deal we will fail badly, but from that will spring the real rally.
Whats next?
Watching for what comes out of TALF, if that doesn't work, the Fed might get aggressive and go in and buy toxic assets.
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
Art Cashin Comments -3/17/09
Is the stock market rally / bounce over?
The jury still out, yesterday the market go ahead of itself, hit some resistance around 7400, and then closed down. We would not like to have two down days in a row.....more down action could take us down to retest 720 on the S&P 500.
If this rally isn't the real deal we will fail badly, but from that will spring the real rally.
Whats next?
Watching for what comes out of TALF, if that doesn't work, the Fed might get aggressive and go in and buy toxic assets.
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
Friday, March 13, 2009
Art Cashin 3/13/09 March 13, 2009 - Rally
Art Cashin, floor trader on the NYSE, was on CNBC this morning and gave several stock market related comments on what he is seeing.
Art Cashin Comments -3/13/09
Should we be worried because we've rallied so much?
We do have to have some concern, this is starting to look like a crowded trade - all of a sudden everyone is bullish on the stock market.
Also Volume is holding up only on short covering - you see heavy volume going into the bank sector but light volume everywhere else.
We closed at the top yesterday, closing at the top is usually followed by sideways action or down
I guess this rally needs to prove itself!
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
Art Cashin Comments -3/13/09
Should we be worried because we've rallied so much?
We do have to have some concern, this is starting to look like a crowded trade - all of a sudden everyone is bullish on the stock market.
Also Volume is holding up only on short covering - you see heavy volume going into the bank sector but light volume everywhere else.
We closed at the top yesterday, closing at the top is usually followed by sideways action or down
I guess this rally needs to prove itself!
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
Monday, December 8, 2008
Dow Jones Close 12/8/08 - Stock Market Closing Prices
Stock Market Closing Prices - 12/08/08
Dow Jones Industrial Average ( DJIA ) Close - 8934.18 Up 298.76
Nasdaq Stock Market Close - 1571.74 Up 62.43
S&P 500 Close - 909.68 Up 33.61
Libor Rates - 12/08/08
1 Month - 1.83%
3 Month - 2.19%
Commodities Closing Prices - 12/08/08
Gold - 773.50
Oil - 44.06
Natural Gas - 5.59
The Dow Jones Industrial Average closed at 8934 on 12/08/08, as the stock market rallied after Barack Obama talked about a big stimulus package over the weekend and the big three automakers are getting ready to receive a bailout, but the White House is not liking the proposal received today. The Stock Market Futures started the day higher, The Dow Jones Futures were up about 200 points this morning. It was all up from there as the Dow Jones briefly broke 9000 this afternoon. Stocks were up all across the board, technology, industrials, financials, even energy stocks participated in the rally. Chesapeake Energy ( CHK ) was up nicely as the company came out and said they will try and sell some Fayetteville Shale assets and only sell 25 million shares to raise capital. The Bulk Shipping Stocks were all higher as this oversold sector got a big bounce. Dryships ( DRYS ) was one of the biggest gainers today up over 45%. Potash ( POT ) finally broke through the 10 day moving average is starting to rip higher. Most stocks are up huge today! Will it last? The QQQQ has some major resistance between $30.42 - $30.76 and to close above these levels over the next few days would be amazing. I will have more technical analysis of the stock market tonight, right HERE
Today's Biggest Gainers - December 8, 2008
Top 2008 Stocks Year to Date
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Dow Jones Industrial Average ( DJIA ) Close - 8934.18 Up 298.76
Nasdaq Stock Market Close - 1571.74 Up 62.43
S&P 500 Close - 909.68 Up 33.61
Libor Rates - 12/08/08
1 Month - 1.83%
3 Month - 2.19%
Commodities Closing Prices - 12/08/08
Gold - 773.50
Oil - 44.06
Natural Gas - 5.59
The Dow Jones Industrial Average closed at 8934 on 12/08/08, as the stock market rallied after Barack Obama talked about a big stimulus package over the weekend and the big three automakers are getting ready to receive a bailout, but the White House is not liking the proposal received today. The Stock Market Futures started the day higher, The Dow Jones Futures were up about 200 points this morning. It was all up from there as the Dow Jones briefly broke 9000 this afternoon. Stocks were up all across the board, technology, industrials, financials, even energy stocks participated in the rally. Chesapeake Energy ( CHK ) was up nicely as the company came out and said they will try and sell some Fayetteville Shale assets and only sell 25 million shares to raise capital. The Bulk Shipping Stocks were all higher as this oversold sector got a big bounce. Dryships ( DRYS ) was one of the biggest gainers today up over 45%. Potash ( POT ) finally broke through the 10 day moving average is starting to rip higher. Most stocks are up huge today! Will it last? The QQQQ has some major resistance between $30.42 - $30.76 and to close above these levels over the next few days would be amazing. I will have more technical analysis of the stock market tonight, right HERE
Today's Biggest Gainers - December 8, 2008
Top 2008 Stocks Year to Date
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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