U.S. Markets closed

This One Key Index No Longer Has a Positive Trend

This One Key Index No Longer Has a Positive Trend

All of the major equity indices closed lower Friday except for the Dow Jones Transports, which posted a gain. Internals were negative on the NYSE and Nasdaq on lighter trading volume. Some further weakening of the charts occurred as the S&P 500 closed below its short-term uptrend line, turning its trend to neutral from positive (see below).