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This column by Jim Cramer appeared earlier Monday on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.

The charts show no faith. Doesn't matter the industry, health care, tech, banks or defense companies. They all look terrible. Just horrible. Not saying, therefore, that everything must go down. Am saying that it is really, really ugly almost everywhere you look.

Take the banks. Many are breaking down to or below levels where they did big financings, some well below, like

Wells Fargo

(WFC) - Get Wells Fargo & Company Report



(BBT) - Get BB&T Corporation Report



(JPM) - Get JP Morgan Chase & Co. Report


Bank of America

(BAC) - Get Bank of America Corporation Report

-- all pretty decent banks. Others have good yield but the yield doesn't seem to stop the decline one bit as we can see from

People's United Financial

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(PBCT) - Get People's United Financial Inc. Report




, or, worst of all,

Hudson City


, which has a 5% yield and no problem at all paying it. The charts seem to think that it isn't good for it, though, because utilities of similar quality and less yield are going higher.

Or how about the incredible shrinking multiple of tech?


(GOOG) - Get Alphabet Inc. Report

at 19 times earnings.


(INTC) - Get Intel Corporation Report



(HPQ) - Get HP Inc. Report

are at 9 times earnings, the former is supposed to be peaking in margins and is regarded as panicking while HPQ is clearly rudderless. Forget


(STX) - Get Seagate Technology Holdings PLC Report


Western Digital

(WDC) - Get Western Digital Corporation Report

; I am beginning to think there is no price people will pay for them.

Lots of high quality medicals seem to have lost all support.





(GILD) - Get Gilead Sciences Inc. Report


Express Scripts



Quest Diagnostics

(DGX) - Get Quest Diagnostics Incorporated Report

, these are all shrinking beyond recognition. So much for what to buy in a re-recession, my term for double-dip.

The defense stocks are amazingly bleak and trade as if we aren't just pulling out of Iraq but also of Afghanistan.


(RTN) - Get Raytheon Company Report

been murdered here.


(LMT) - Get Lockheed Martin Corporation Report



(LLL) - Get JX Luxventure Limited Report


Northrop Grumman

(NOC) - Get Northrop Grumman Corporation Report

can't seem to be given away.

Perhaps the worst is retail where even after we got some decent earnings last week from


(TGT) - Get Target Corporation Report



(WMT) - Get Walmart Inc. Report


Urban Outfitters

(URBN) - Get Urban Outfitters Inc. Report

, the declines for stocks like the office products stores,




Office Depot

(ODP) - Get The ODP Corporation Report




show no signs of abating. It is impossible to look at the teen retailers like

Hot Topic






American Eagle

(AEO) - Get American Eagle Outfitters Inc. Report

without thinking terminal thoughts.

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report



(CHS) - Get Chico's FAS Inc. Report


Charming Shoppes

(CHRS) - Get Coherus BioSciences Inc. Report

are disasters as is


(GPS) - Get Gap Inc. (The) Report


Unless you want to throw-up do not look at any of the insurers. The pressure on a


(MFC) - Get Manulife Financial Corporation Report

or a


(LNC) - Get Lincoln National Corporation Report

or a


(PFG) - Get Principal Financial Group Inc Report

or a


(HIG) - Get Hartford Financial Services Group Inc. (The) Report

is completely out of whack with how their businesses are doing, unless the government intends to put them all out of business.

I think that things are better than all of these charts say. But then again the

S&P 500

is gripped with one of the ugliest head-and-shoulders patterns I have ever seen, one that won't be saved by


(CRM) - Get Salesforce Inc. Report



(MCD) - Get McDonald's Corporation Report


Las Vegas Sands

(LVS) - Get Las Vegas Sands Corp. Report


Family Dollar



F5 Networks

(FFIV) - Get F5 Inc. Report

. A couple of food and beverage and tobacco stocks --





(TAP) - Get Molson Coors Beverage Company Class B Report



(MO) - Get Altria Group Inc. Report

won't do the trick.

The charts look sick, sick indeed. I fear only until we get really oversold -- looks like that is coming -- will we see a cessation. Until then, bet on takeovers on individual stocks.

That seems to be the only tonic the charts show.

At the time of publication, Cramer was long Bank of America, Intel, JPMorgan, McDonald's, Altria and MedcoHealth


At the time of publication, Cramer was long Bank of America, Intel, JPMorgan, McDonald's, Altria and MedcoHealth. Jim Cramer, co-founder and chairman of, writes daily market commentary for's RealMoney and runs the charitable trust portfolio,

Action Alerts PLUS

. He also participates in video segments on TV and serves as host of CNBC's "Mad Money" television program.

Mr. Cramer graduated magna cum laude from Harvard College, where he was president of The Harvard Crimson. He worked as a journalist at the Tallahassee Democrat and the Los Angeles Herald Examiner, covering everything from sports to homicide before moving to New York to help start American Lawyer magazine. After a three-year stint, Mr. Cramer entered Harvard Law School and received his J.D. in 1984. Instead of practicing law, however, he joined Goldman Sachs, where he worked in sales and trading. In 1987, he left Goldman to start his own hedge fund. While he worked at his fund, Mr. Cramer helped start Smart Money for Dow Jones and then, in 1996, he co-founded, of which he is chairman and where he has served as a columnist and contributor since. In 2000, Mr. Cramer retired from active money management to embrace media full time, including radio and television.

Mr. Cramer is the author of "

Confessions of a Street Addict

," "You Got Screwed," "Jim Cramer's Real Money," "Jim Cramer's Mad Money," "Jim Cramer's Stay Mad for Life" and, most recently, "Jim Cramer's Getting Back to Even." He has written for Time magazine and New York magazine and has been featured on CBS' 60 Minutes, NBC's Nightly News with Brian Williams, Meet the Press, Today, The Tonight Show, Late Night and MSNBC's Morning Joe.