Technicals Are Bullish for Retail, Banks

The technicals show the landscape has changed for the better, Cramer said Tuesday, especially for the retail and banking sectors.

On a down day for the markets, the "Mad Money" host said the technicals suggest things may not be as bad as they seem. Technical indicators always need to be taken with a grain of salt, he warned. Cramer thinks these charts are worth reviewing, though. So he sought the help of Ed Ponsi, a highly regarded technician on Wall Street.

Watch the video to see Cramer's full report.

Call Cramer: 1-800-743-CNBC

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