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Chart of the Day
Not only has the recent bout of credit market turmoil sparked a sell off in US stocks, it has impacted stock markets across the globe. For some perspective, today's chart illustrates the current trend in large-cap Japanese stocks as represented by the Nikkei (blue line). Like their US counterparts (light gray line), Japanese stocks have been correcting over the past month and, as the chart illustrates, support (green line) for its four year up trend is currently being tested.

Notes:
- Has the stock market peaked or will the rally resume? The answer 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
"We are not retreating - we are advancing in another direction." - General Douglas MacArthur

Events of the Day
August 27, 2007 - US Open tennis tournament begins (ends September 9th)

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