GLOBAL STOCKS SELL OFF -- DOW AND S&P 500 APPEAR HEADED TOWARD THEIR 200-DAY MOVING AVERAGES

DOW AND S&P 500 HEADING TOWARD 200-DAY LINES... Stocks are selling off all over the world today.  With 50-day moving averages having already been broken, 200-day averages are now in play.   Chart 1 shows the Dow Industrials approaching their 200-day line (red arrow) which isn't that far away.  That coincides with potential chart support along it late July low.   More substantial chart support is seen along its June lows (green arrow).

S&P 500 ALSO HEADING TOWARD RED LINE...Chart 2 shows the S&P 500 bearing down on its 200-day average as well (red arrow).  Its next level of subtantial chart support is also seen along its June lows.

ALL ELEVEN SECTORS IN THE RED... All stock sectors are falling today with the biggest losses in energy, materials, industrials, and financials.   Airlines and banks are having an especially bad day.   Smaller losses are occurring in technology, utilities, and consumer staples.    A drop in bond yields shows some safe haven money flowing into Treasuries.  A firmer dollar is also putting downside pressure on commodity prices, and stocks tied to them.