The industrial materials sector is experiencing congestion at the 200-day EMA, and the rather pronounced triangular pattern suggests that a directional breakout is imminent.

The Oil Index (^XOI) may be reaching potential support levels near 1270.

Clive Corcoran takes note of the high risk market on the short side, and is not yet ready to play for a bounce. Accordingly, he reviews some recent comments.

Schnitzer Steel (SCHN) looks vulnerable, and any rally would provide to Clive Corcoran a more attractive entry opportunity on the short side.

Clive Corcoran would be looking for entry opportunities on the short side for DelMonte (DLM) as the $7.80 level is approached.

Sherwin Williams (SHW) along with most stocks has experienced substantial whipsaws, but the positive technical pattern noted last week is still intact.

Eastman Kodak (EK) has a bull flag pattern and should benefit from any overall market rally continuation.

Clive Corcoran would be looking at the possibility of short opportunities for McCormick (MKC) if there is a rally back towards $36.

The chart for Crown Castle International (CCI) is displaying evidence of momentum divergences, and there is a developing bear flag which Clive Corcoran would monitor for potential entry opportunities later in the week.

The chart for Sherwin Williams (SHW) may suggest that the long side could provide an opportunity in coming sessions.