Art Cashin: Be Ready for General Bias to the Upside

US stocks added to gains Wednesday after several economic reports — jobless claims and consumer sentiment — seemed to indicate an improving economy.

Ahead of the Thanksgiving break, Art Cashin, director of floor operations at UBS Financial Sevices, offered CNBC his market insights.

"I don't want to throw cold water on [market optimism], but when you have a off-reporting-time," it sometimes skews the data, Cashin said. He noted that the Labor Department's jobless claims reports are usually released on Thursday.

But traders may heed Cashin's call for the rest of the week:

"There's going to be an overhang through the rest of today and Friday," with a "general bias to the upside." He pointed out that historically, the Friday after Thanksgiving is the most likely day out of "the rest of the year" for markets to be up.

Just for Fun:

Cashin talks up a stuffing recipe using White Castle hamburgers.

Get Cashin's White Castle Stuffing Recipe here.

And Don't Miss:

Art Cashin will appear on "Closing Bell" as CNBc staff sample the actual White Castle Stuffing. Tune in.

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JPMorgan Chase



Disclosure information was not available for Cashin or his company.