DJUA and Nasdaq Indexes..."Canaries in the coal mine"?

Sometimes one market index will lead the others in or out of a longer term trend. At this point in time the Dow Jones Utility Average has broken below its lower channel line. The Nasdaq Index has also done the same thing.

The other main US Indexes and the Canadian TSX Composite are close to doing the same. This may or may not turn out to be an important market turn but it is a heads up and the evidence is accumulating to support this conclusion. These two breakouts are consistent with other market price action I am following.