Thursday Watch

Night Trading

• Asian equity indices are -.25% to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 107.0 +4.0 basis points.
  
• Asia Pacific Sovereign CDS Index 98.75 +3.0 basis points.
  
• S&P 500 futures +.20%
  
• NASDAQ 100 futures +.06%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (WY)/.11
• (ACI)/.36
• (QSII)/.50
• (B)/.28
• (EL)/.77
• (CPN)/.41
• (CEG)/.64
• (CI)/1.06
• (ITT)/.99
• (CVX)/2.14
• (D)/1.07
• (MRK)/.83
• (MSTR)/1.00
• (CMC)/.08

Economic Releases
8:30 am EST

• Initial Jobless Claims for last week are estimated to rise to 455K versus 452K the prior week.
• Continuing Claims are estimated to fall to 4430K versus 4441K prior.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• None of note
  

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.