Watchlist 2023-04-25 $SPY $SPOT $FRC $KEY $HCA $SQM

SPY - was stuck in the +/- 1 range around the high volume node at 412 until it made a sharp dive in the after hours trading. The drop could likely be due to the aftermath of FRC reporting a drop in deposits after the crisis by 100 Billion, which spread fear of contagion to other regions. If SPY rejects the 412 area early on and breaks 410 support, expect lower prices to follow for at least a portion of the day. SPY has been stuck in a tight range for a few weeks but perhaps a catalyst like this is enough to allow bears to regain control.

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900

SPOT - Qtrly Revenue Grew 14%, Led By Subscriber Gains. Up 2.3 ATRS on 3 RVOL trading over the 1.37 pivot top. Rvol is enough to sustain a large cap ATRs move as so so I[m not necessarily expecting a pulback to the 137 support but wil be prepared if we get it if the SPY remains weak. Else, want to give this a few minutes off the open, if 137 firms, looking for buy set ups and will then need to see a break of 141 PM high.

FRC - The troubled bank said lost half of its deposits at more than 100 Billion and Analysts reported deposit outflows were much worse than Wall Street estimates and at a "level that could prove very hard to come back from." FRC is in trouble under 12.60 pivot. Anyone who bought the second drop on march 20 AVVWAP is also very underwater. This could be a quick trade short off the open, but be cautions as this trade is so obvious that there is potential for a short squeeze.

KEY - also looking like a good region bank short below 10.86 which is range support AND the yearly pivot support. Key reported losses on April 20 and has been cascading since.

Other watches:
SQM - huge move PD as chile plans to nationalize lithium reserves. Bad news for SQM. Watching for weakness under 666 or strength over 67.50.

HCA - day 3 continuation break over 289