Overhead resistance reasserted itself during the Friday session pushing the major indices dramatically lower once again.   Mondayââ,¬â"¢s wholesale trade number will give us insight into the ratio of inventories to sales and an idea about the rate of production growth in months to come.   Barring any surprises in the release, I would expect more range bound trading and perhaps another test of 11k on the industrials.

If we see weakness early in the session, we will look to the Retail Sector (RLX.X) and Autozone (AZO) to move lower. AZO is trading in a Backdoor Slider pattern and has little significant support if a breakdown occurs.

Autozone Inc.

If the Consumer Sector (CMR.X) moves lower, we will watch Black & Decker (BDK) for a continuation of Fridayââ,¬â"¢s Fast Ball breakdown.

Black & Decker Corp.

Finally, Illinois Tool Works Inc. looks poised to move lower after a Fast Ball breakdown on Friday.

Illinois Tool Works Inc.

Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is cofounder of TraderInsight.com. Email him at adrian@traderinsight.com.