By Patti Domm, CNBC Executive Editor
NEW YORK (CNBC) -- While the Dow crossed the big round 12,000 mark, many market pros see the 1,300 level on the S&P 500 as a much more important measure."It's a critical area,"said Art Cashin, director of floor operations at UBS. "There's supposed to a lot of resistance between 1,298 and 1,302.... If they go above that, they would be preparing for another leg up." Carter Worth, chief market technician, at Oppenheimer Asset Management, said the next big number he's watching is 1,310 on the S&P . He said it is right to focus on the Dow 12,000 milestone, but it doesn't really say that much about the market. "It's maybe something that's a headline but it doesn't mean a whole lot" he said.
|More from CNBC Cramer: The Smart Money is in Industrials |
A Little Inflation Good for the Global Economy: Soros
Obama's Spending Freeze Just 'Spare Change': Roubini