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Chart of the Day
As goes January, so goes the year. This particular phenomenon is what is referred to as the January Barometer. There is also a variation whereby the first five trading days are supposed to be indicative of the stock market's performance for the rest of the year. With the S&P 500 up (barely) after two trading days, today’s chart presents the average performance of the S&P 500 16 (end of January), 58 (end of Q1), 121 (end of Q2), and 247 (end of the year) trading days following a first five trading days gain (blue bars) and a first five trading days loss (gray bars). The chart illustrates that the S&P 500 has tended to end the year with a larger gain (on average) following a gain during the first five trading days. In fact, following a gain during the first five trading days in January; the S&P 500 finished the year up 77% of the time. Stay tuned...

Notes:
- The market is at a critical juncture. Where we go from here may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.


Source - Standard & Poor's
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Quote of the Day
"I can't change the direction of the wind, but I can adjust my sails to always reach my destination." - Jimmy Dean

Events of the Day
January 08, 2007 - BCS Championship Game
January 15, 2007 - Martin Luther King Jr. Day (observed) - Golden Globe Awards - Australian Open Tennis Tournament begins (ends Jan. 28th)


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