×

Watch S&P's New Resistance Area: Art Cashin

The market is currently sitting at a “critical area,” according to Art Cashin, director of floor operations at UBS Financial Services.

“S&P at 1,300-1,304, there’s some resistance and we’ll see if they can punch through there,” Cashin told CNBC.

Cashin also noted that there are other “mild divergences” among other indices such as the transports and the Rusell index “not coming along.”

______________________________

Scorecard—What He Said:

  • Cashin's Previous Appearance on CNBC (Jan. 4, 2011)

______________________________

More Market Intelligence:

______________________________

CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________
Thursday's Top Dow Gainers (As of Mid-Morning):

Caterpillar

General Electric

United Technologies

Home Depot

Johnson & Johnson

______________________________
Disclosures:

No immediate information was available for Cashin or his firm.

______________________________

Disclaimer