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................
For all of Art's Comments, go here
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Showing posts with label stock market opinion. Show all posts
Showing posts with label stock market opinion. 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
Wednesday, April 22, 2009
Carter Worth CNBC: Bearish Sell Stocks or Short
Carter Worth, Chief Technical Analyst at Oppenheimer came on CNBC this afternoon and told viewers the run is over ( for now ).
Worth says that while the past six weeks looked nice, stocks are way ahead of themselves and its time to sell or even short!
Carter Worth - April 22, 2009
- The stock market has rallied to a point where it will not go higher
- Stocks have rallied to far to fast
- It's time to consider selling or going short
- Indiscriminative Buying in certain parts of the stock market
- Low Quality stocks are up the most
- High Quality stocks are lagging
- Restaurant Stocks & Retail were the hot stocks
- Stocks like JNJ, KO, WMT, PG aren't participating
- People are looking at technical analysis more and more as a way to navigate through these markets.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Worth says that while the past six weeks looked nice, stocks are way ahead of themselves and its time to sell or even short!
Carter Worth - April 22, 2009
- The stock market has rallied to a point where it will not go higher
- Stocks have rallied to far to fast
- It's time to consider selling or going short
- Indiscriminative Buying in certain parts of the stock market
- Low Quality stocks are up the most
- High Quality stocks are lagging
- Restaurant Stocks & Retail were the hot stocks
- Stocks like JNJ, KO, WMT, PG aren't participating
- People are looking at technical analysis more and more as a way to navigate through these markets.
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
Thursday, March 12, 2009
Art Cashin 3/12/09 March 12, 2009 - SP 500
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 -3/12/09
Art, what do you think about the mark to market rule?
On Mark to Market - we saw futures tick up on the PA congressman's comments on suspending the accounting rule. If they can pull it off you could see this rally have legs. We are pushing for an adjustment or suspension of the mark to market rule....its not to cover up things, its to prevent ridiculous pricing of things in the market place
What is your opinion of the stock market right now?
I think what we want to watch is 740-745 on the S&P 500...Also support is 713 and we need to stay above 700. On the Dow, we have resistance at 7000-7025
Things are getting interesting!
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 -3/12/09
Art, what do you think about the mark to market rule?
On Mark to Market - we saw futures tick up on the PA congressman's comments on suspending the accounting rule. If they can pull it off you could see this rally have legs. We are pushing for an adjustment or suspension of the mark to market rule....its not to cover up things, its to prevent ridiculous pricing of things in the market place
What is your opinion of the stock market right now?
I think what we want to watch is 740-745 on the S&P 500...Also support is 713 and we need to stay above 700. On the Dow, we have resistance at 7000-7025
Things are getting interesting!
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, December 12, 2008
Hogan Bottom 12/12/08 - Art Hogan CNBC
Art Hogan came on CNBC 12/12/08 and gave some comments on his opinion on the stock market right now. Art Hogan is famous for the " Hogan Bottom " which he cam on CNBC October 10th and called the bottom. It has only been violated one day in which we closed above it. Click Here for previous Art Hogan comments.
When you look at what has happened today, there are two stories, the Madoff story and the auto bailout story. The best possible scenario would be to use the tarp funds...the timing is key, would like to see White House come out today and say they will be doing something. You don't want to put a band aid on this and leave it for the next administration.
I think you remain defensive in this market, buy health care, consumer staples like Clorox ( CLX ) that will help you ride out the next few quarters which are going to be ugly.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
When you look at what has happened today, there are two stories, the Madoff story and the auto bailout story. The best possible scenario would be to use the tarp funds...the timing is key, would like to see White House come out today and say they will be doing something. You don't want to put a band aid on this and leave it for the next administration.
I think you remain defensive in this market, buy health care, consumer staples like Clorox ( CLX ) that will help you ride out the next few quarters which are going to be ugly.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Friday, November 14, 2008
Art Hogan CNBC 11/14/08 - Hogan Bottom
Art Hogan, Chief Market Strategist at Jefferies & Company was on CNBC this morning, 11/14/08, and gave comments and stock market predictions. Art Hogan is popular for what CNBC calls, " The Hogan Bottom " due to his bottom call on October 10th, 2008 when everyone was panicking. Art Hogan boldly called the bottom on 10/10/08 and sure enough, so far it turns out he was right. Below is what he had to say November 14th, 2008.
The stock market certianly looks better, we tested the bottom three time now, ( October 10th, October 28th, November 13th ) volume looks good, gives you more confidence. We need to consider how much bad news is already priced into the stock market and most of it is.
We had a 900 point swing in the Dow Jones yesterday, I think we can get another 10% on the upside for the rest of the year and then in 2009 we will have to reset and figure out where we are.
http://daytradingstockblog.blogspot.com/
The stock market certianly looks better, we tested the bottom three time now, ( October 10th, October 28th, November 13th ) volume looks good, gives you more confidence. We need to consider how much bad news is already priced into the stock market and most of it is.
We had a 900 point swing in the Dow Jones yesterday, I think we can get another 10% on the upside for the rest of the year and then in 2009 we will have to reset and figure out where we are.
http://daytradingstockblog.blogspot.com/
Monday, October 20, 2008
Carter Worth CNBC 10/20/08 - Stock Market Bottom is In
Carter Worth was on CNBC Fast money tonight 10/20/08
We are long...play the beaten down names, Industrials, Coal names
You could buy CNX, BTU, CHK, X
UYM play for a rebound
DIG play this stock for a rebound
The risk reward is good....instead of the meltdown, you could have a meltup going into the end of the year.
" We saw an intermediate low last week that will last for a long time. We should see a strong advance this week in the stock market and beyond.
" The volume that we saw on the way down was capiluation volume and we are all in the stock market now." " We feel the lows are in!"
http://blackberrystocks.com
We are long...play the beaten down names, Industrials, Coal names
You could buy CNX, BTU, CHK, X
UYM play for a rebound
DIG play this stock for a rebound
The risk reward is good....instead of the meltdown, you could have a meltup going into the end of the year.
" We saw an intermediate low last week that will last for a long time. We should see a strong advance this week in the stock market and beyond.
" The volume that we saw on the way down was capiluation volume and we are all in the stock market now." " We feel the lows are in!"
http://blackberrystocks.com
Monday, October 6, 2008
Carter Worth - Stock Market CNBC Fast Money 10/6/08
CNBC Fast Money Guest: Carter Worth Chief Technical Analyst at Oppenheimer
We blew through the lows of 2004.....basically puts us back into a decent support area.
Carter is making a call that we are in capitulation phase of the latest decline and is calling for a rebound. S&P 500 has declined 17% on this recent leg down, just like the previous two legs down this year.
Carter made the case on Fast Money tonight for a temporary rebound in the US markets.
Carter Worth has been dead on calling the market declines over the past few years.....hes debated it live with people completely disagreeing with him like day and night.
For more Technical Charts...visit http://blackberrystocks.com/charts.html
We blew through the lows of 2004.....basically puts us back into a decent support area.
Carter is making a call that we are in capitulation phase of the latest decline and is calling for a rebound. S&P 500 has declined 17% on this recent leg down, just like the previous two legs down this year.
Carter made the case on Fast Money tonight for a temporary rebound in the US markets.
Carter Worth has been dead on calling the market declines over the past few years.....hes debated it live with people completely disagreeing with him like day and night.
For more Technical Charts...visit http://blackberrystocks.com/charts.html
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