Art Cashin's Morning Note

Art Cashin of UBS

has some interesting thoughts from his Market Commentary for today. In the 3 page report, Cashin discusses that 1159 and 1163 have shown resistance to the top side, and the bulls will have to move past this range, or the bears will take over control. He also discussed the foreclosure issue, saying that banks were now being forced by the government to stop foreclosing on people's homes. He notes that resistance on the S&P 500 is between 1159 and 1163. After that comes "1172 and 1176 followed by 1181/1184." Should the bears take over, he notes, "Support looks like 1149/1153 with fallbacks at 1138/1141 and 1130/1133."