Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Bad Apple shares of the iPhone maker off to a rough start this year and falling behind a key rival in the tech race.

But is there any reason to bite into the stock now?

We'll debate that.

And we dig into the latest odds on the next Fed chair after reports the president has

landed on his pick to replace Jerome Powell. Plus, a big box bump. What's driving shares of Costco? Harvesting gains in the ag stocks and consolation brand shining bright today. What's got the beer maker buzzing after earnings? I'm Melissa Lee. Come to you, Laughan Studio, be at the NASDAQ on the desk tonight. See Grasso, Pano and Eisen, Guy Adami, and Katie Stockton, founder and managing partner at Fair Lead Strategies. We start off with that shakeup among the Mag 7 heavyweights. Alphabet shares hitting an all-time high today, closing with a stoned throw of a trillion-dollar market capitalization, The Google parent furthering its lead over Apple, the iPhone

maker now in a seven-day losing streak, losing more than 5% in that time, and it's underperformed

most of its Mag 7 peers over the past year. Only meta has seen a smaller gain in the last 12 months.

And after consulting the charts, as she is known to do, Katie Stockton says the damage is not done yet. Katie,

in fact, you say what about Apple? You know, it does seem like it's more than just a short-term

shift. We think it's an intermediate term shift. We see it in the indicators. The weekly

MACD for one has flipped to a cell signal, and that is something that should interrupt the uptrend

for more than just a couple of weeks.

We've already seen this peak lead to a decline of more than 11% from the recent high early December for Apple.

That means that we've seen the 50-day moving average taken out and now also our trustee cloud-based support level.

The next support that we see on Apple's chart is around

243, 6 to 7 percent below current levels. And we think it's a momentum shift that bears watching.

The good news is that the long-term trend is still very much intact, and our long-term metrics,

monthly indicators, if you will, are still generally positive.

So there is a sell signal. So you're saying to sell Apple. Does that include shorting Apple?

You know, we actually don't advocate selling stocks or shorting stocks, I should say,

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