One-on-One With Fed's Hoenig
Airtime: Thurs. Aug. 26 2010 | 10:00 AM ET
Kansas City Federal Reserve President Thomas Hoenig sits down for a one-on-one interview with CNBC’s Steve Liesman at the annual central bankers meeting in Jackson Hole, Wyo.
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The Trader's Edge- Art Cashin
Airtime: Tues. Oct. 26 2010 | 8:46 AM ET
Countdown to the opening bell, with Art Cashin, UBS.Economic Data: Retail Sales, CPI
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Awful Month on Wall Street; Stocks Close Below 200 DMA Line!
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
