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Cramer identifies 'cracks' he sees in the market

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CNBC's Jim Cramer told investors he sees 'cracks' in this the market, stressing that September is a historically down month.

, the parent company of TJ Maxx and Marshalls. When TJX does well, Cramer said, it may mean that many other retailers are struggling because the company takes unwanted or excess inventory from other companies and sells it at a discount. He also noted theCramer pinpointed cracks he sees in the auto industry with three leading companies potentially facing a strike.

"The unions have a strike fund, which lasts a heck of a lot shorter than the pots of gold the auto companies have saved," Cramer said. "But the auto companies have been pumping out as much product as possible in case we do have a strike, which means they're going to get hurt either way."

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