|For some perspective on the latest stock market action, today's chart presents the current trend of the S&P 500. As today's chart illustrates, following the October 2007 peak, the S&P 500 traded with in a relatively narrow downward sloping trend channel. That trend was interrupted by a historic financial meltdown. Since the meltdown, the S&P 500 has resumed trading within the confines of a trend channel (albeit in a volatile fashion) and is currently testing resistance.Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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Quote of the Day"Ride the horse in the direction it's going." - Werner Erhard
Events of the DayApril 24, 2009 - Arbor Day
April 25, 2009 - NFL Draft begins (ends April 26th)
May 01, 2009 - May Day
May 02, 2009 - Kentucky Derby
May 05, 2009 - Cinco de Mayo (Mexico) - National Teacher Day
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
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