let's bring in carter braxton worth of worth charting. about 33-year lows relative to the dollar, and yet -- we'll see i chart in a second, but where there's been emerging strength is right at a former reference point. and my thinking is, improvement ahead. let's look at the charts there are three of them and they're identical so, here you have a chart with no annotations, no judgments, and of course, you see that spike, which is, of course, extreme weakness in 2022, that's in october, and then the strength and then we weakened all the way back to that weakness is, of course, up in the chart. and now if we put some lines on, you'll see that just of late, we got right to that october 2022 level, and have started to go down in the chart, which is strengthening in the yen if you want to call it a double top or not let's put some arrows in, you see it the lines draw themselves. it is like a pinball machine, hitting aoff the lines to the penny, to the penny. and further down on the chart, which is more strength, even to the 142, 143 level, we s

carter braxton worth of worth charting. show of hands. who agrees with carter that it's a sell? apple is a sell right here right now? raise your hand, please. >> i think it can go to 162. >> all right, guy and tim. tim? >> look at the top. again, if i'm carter and i couldn't even walk half a foot step in his shoes, but 176, 177 was the top of the channel. i don't like the price action. more importantly i just don't like the need to jump into apple here, and based upon the trend, some of that guide, the consumer that's yet to weaken, i'm going to get apple lower. >> julie? >> yeah, i think it doesn't make sense to be adding aggressively. i think you can be a long-term holder on apple as a core holding but i agree they have near term head winds that are going to be difficult. we still don't know exactly what's going on in china for this business, and i think that's the key to understanding the longer term outlook. >> apple's up 37% year to date. apple shook off that post market sell-off yesterday. so i agree with julie. you don't have to be aggressively buying it, but you can hold

carter braxton worth is here there were so many particularly in retail., right >> bonanza let's get right to it. there are so many ways to interpret each but macy's of course, is the headline it was up 32% for the week? yeah stock was $73. it's $14 this is a gift if you're long to get out. let's look at ross ross just a textbook example of what a breakout is good relative strength, bullish price line correlation i think this goes plenty higher. close at 120, applied for almost $135 and then finally, gap hmm a 30% move almost to 32, identical to macy's where has macy's was impetuous, impulsive, rash, this is developmental. this bottomed in may i think it has all the elements of a proper bottom versus a knee jerk and i would be on the long side here. >> we have to do our jobs here, carter you did say to sell macy's ahead of earnings -- >> sell more. >> those who followed your advice, missed. >> sell now. this is not -- i mean, i would sell more, get more short. >> all right let's get the regionals here the kre up 9% this week, closed above the 200 day movin

carter braxton worth of worth charting. we prompted carter to look at that spread since, that is the premise of the trade that tim and karen both have, in terms of being in target. karen, what are you thinking here? >> just in terms of that spread? >> yeah. >> i mean, we talked a lot about how walmart's business is different, where the grocery business -- they're really good at that, not a huge margin business, and for target, they have that business, it's smaller, but it's taking away -- the consumer changes are making lower margin because they're not buying as many as the sort of home goods and lifestyle and apparent and things like that. i've been wrong for awhile thinking, all right, this is about as low as target's going to go, but this divergence between the multiple of the two, i do think, is really, really stretched, and so that is a pairs trade i think is really interesting. >> and i'm not in that spread right now, i'm actually still long some walmart -- a lot less walmart and started to initiate a position in targe

carter braxton worth. >> who are are those friends of yours? who are those people. >> it rhymes with shim and sharon and they're sitting here tonight? >> we jokingly say it's tim and karen's pfizer. >> it's like we're wrong a lot i'm in pfizer around $40 thinking, boy, this was a great level to bend the stock. it was a level where i thought we priced in all the pullback in essentially covid vaccination dynamics we continue to get worst data there. we heard about a company that spent a lot of covid win fall that won't deliver for an if you years. the problem is, there's nothing sexy in terms of eps growth. you're flat lining that's the story that's what's going on with the stock. i think on a relative value to the rest of the space, i think there's a lot of opportunity here karen? >> yes thanks, tim. everything shim said i agree with we talked about the medicare, who's going to be eliquis? which is a pfizer product, right in the crosshairs. a lot of negative sentiment around that. of course the covid falloff. that as well also in the health-care

. >> carter braxton worth? >> walmart. all-time highs. take profits. >> oh.-- i'd do with new money short. >> all right. guy? >> contessa gets to go to vegas -- >> i know. >> it's fantastic. >> where do we go? >> that f-1 thing, sarah has that doc. good for sarah. if you can't go to vegas, buy wynn resorts. >> thank you for watching "fast money." see you back tomorrow at 5:00. "mad money" with jim cramer starts right now. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people make friends. i'm just trying to make you a little money. my job is not just to entertain, but explain all this to you and educate you. so call me at 1-800-743-cnbc newsom, or tweet me @jimcramer. with the market growing a little more tepid after a furious advance, the dow sinking 4

carter braxton worth. >> so many jokes you can make. >> all right. >> we won't do that. >> why would we joke? >> here's the deal. pretty well defined down trend. today on the close, it stopped right at that down trend. and the last thing i'll say about the multiple, i agree, that install base growing and the bigger mix of services, fantastic here, but this company's expected to grow earnings and sales 6% a year, this current fiscal year, trading 27 times. in this market, that does seem a little bit odd to me. >> for more on apple, let's bring in "fast money" friend, gene munster. great to see you. you are all bulled up about the active install base, record highs, it keeps the fly wheel going. the apple story continues. does it justify this valuation? does it justify a push higher? >> i think it does, melissa, and i think that gets lost in kind of this in line-ish quarter, because if they continue to grow the number of active devices, that means that the revenue durability, the visibility continues to improve. and we've gone back and you've heard me talk about for the past year that i