From Tomi Kilgore
: The S&P 500 SPX, -0.58%
has slipped below the 200-day moving average (DMA) in morning trade Thursday for the first time in three weeks, which could put a bearish spin on the stock market's outlook for some chart watchers. The 200-DMA, which currently extends to 2,750.81 according to FactSet, is viewed by many technicians as a line separating longer-term uptrends from downtrends. The last time the S&P 500 traded below the 200-DMA on an intraday basis was Feb. 14, while the last close below it was Feb. 11. Meanwhile, the Nasdaq Composite COMP, -0.56%
was currently below its 200-DMA, which extended to 7,479.96, while the Dow Jones Industrial Average DJIA, -0.81%
was still above its 200-DMA, which was currently at 25,125.54.