rotation that we appear to be seeing, art cashin joins us this morning, director of floor operations at ubs. art, good to talk to you. >> good to be here, thank you. >> art, you said going into the week, 3240 would be fierce resistance and you've been right is there any evolution in your thinking on that front >> no. i think we're seeing a market that's been pushing up against the higher end of the range. the dow and nasdaq are still alittle bit below their ceiling of resistance. the s&p very clearly is showing resistance between the area of 3240 and 3245. i think the viewers should keep an eye on that any bullish news or bullish attempt is going to take us up against that, and we need to push through conclusively, otherwise we're going to be range-bound, and that could last for several more weeks now, the market is as a point where cycles indicate maybe a change of pattern. a little too early to tell today it's a narrow range between 3195 and 3240 again. so the viewers should keep an eye on that and see if we can test and maybe break through it. >> you've been -- you've written this

could be the start of -- >> we will talk to art cashin later on this morning. noticed today net alliance says corporate selling, insider selling to buying five to one is the highest we have seen, only two times this decade has that ratio been that high insider buyers were -- >> how much of that is moderna >> they gave you a good tell back in march the insider buyers called that right. >> it's a bad stat what can i say we have some bad stats after july the market is weak, we've got the possibility of a shot across the bow by shutting down a chinese ipo and we've got -- this is in the pipe so, you know, just call me a little more circumspect. i told the guys who run the charitable trust with me let's find something to sell i want something sold today. there you go david? >> all right something. >> something. >> that's very specific. >> well, yeah. >> what's the symbol for something? does it have a symbol? >> ackm. >> no, it's very -- yeah. >> what is it? >> i like pontine. >> pontine >> yes. >> i had it -- eric makes a pontine like you have never had before the a

that the cashin has been exchanged. sen. menendez: does the turkish government currently have it in its possession? sec. pompeo: it does. sen. menendez: did turkey tested -- test it? sec. pompeo: i will not answer that question. i will not discuss classified information. sen. menendez: has the president raised this with president erdogan? sec. pompeo: i do not talk about things that the president speaks about with foreign counterparts. the white house is free to do that if they choose. sen. menendez: let me ask you a simple question. on said in your responses monday saying you take your responsibilities seriously. all of these elements clearly are in violation. so over a year since all of these facts have attached, when will the administration fall low -- follow the law and impose sanctions on turkey? sec. pompeo: in response to turkey's acquisition of the s-400, we have taken significant actions that have had a real impact in turkey. we have pulled out of a significant weapons program, the f-35 program, and we continue to e