Monday, September 15, 2014

Monday Watch

Night Trading
  • Asian indices are -.75% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 91.50 +.5 basis point.
  • Asia Pacific Sovereign CDS Index 64.25 +.75 basis point.
  • FTSE-100 futures -.27%.
  • S&P 500 futures -.35%.
  • NASDAQ 100 futures -.36%.
Morning Preview Links

Earnings of Note

Company/Estimate
  • (ALOG)/1.11
Economic Releases
8:30 am EST
  • Empire Manufacturing for September is estimated to rise to 16.0 versus 14.69 in August.
9:15 am EST
  • Industrial Production for August is estimated to rise +.3% versus a +.4% gain in July.
  • Capacity Utilization for August is estimated to rise to 79.3% versus 79.2% in July.
  • Manufacturing Production for August is estimated to rise +.2% versus a +1.0% gain in July.
Upcoming Splits
  • (CYT) 2-for-1
Other Potential Market Movers
  • The Eurozone Trade Balance, RBA Minutes and the Morgan Stanely Industrials/Autos Conference could also impact trading today.
BOTTOM LINE: Asian indices are lower, weighed down by commodity and industrial shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 25% net long heading into the week.

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