And welcome to closing bell, I'm Mike Santoli in for Scott Wopner.

We are live from Post-9 at the New York Stock Exchange.

This make or break hour begins with the ongoing tense standoff between Bulls and Bears.

The index is continuing to coil ever more tightly

ahead of crucial tech earnings and economic reports

later this week.

You see the S&P 500 almost exactly on the flat line for the day.

One bright spot in this tight trading range though, First Republic shares, they are up 8%

on the day, which does lead us to our talk of the tape.

A bellwether of Regional Bank Stress, First Republic, sets a report results after the close

as investors see clues on deposit flight and a possible credit crunch to come across the industry.

Joining us now is Wed Bush analyst David Sheverini to set up this report.

David, great to have you here.

What are we most going to be looking for here?

First of all, the stock up perhaps just because nobody's

anticipating any unexpected blow-ups. Of course, we did have a lot of other regional's report,

and so far, not a lot of signs of intensifying stress.

Yes so we are cautious on on the name but I would say that bulls are expecting results to be less bad than feared.

Now we're expecting deposits could be down as much as 75 billion on a gap basis.

Consensus is calling for about 40 billion and what I think is also driving the stock here today as we saw another bank that was kind of teetering after S. V. went down.

Western Alliance did rally hard after their results were better than feared

and the Bulls on F or C are hoping for repeat here. So that's what I think is really propelling the stock up today.

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