Friday Watch

Night Trading

• Asian equity indices are -.75% to -.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 100.75 -1.25 basis points.

• Asia Pacific Sovereign CDS Index 75.50 -1.0 basis point.

• FTSE-100 futures +.01%.

• S&P 500 futures -.02%.

• NASDAQ 100 futures  -.05%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (KMX)/.66

• (DRI)/.94

Economic Releases

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• The Canadian CPI could impact trading today.

BOTTOM LINE: Asian indices are lower, weighed down by technology and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.