Sunday, July 10, 2016

Monday Watch

Night Trading
  • Asian indices are +.75% to +1.50% on average.
  • Asia Ex-Japan Investment Grade CDS Index 133.50 -5.75 basis points.
  • Asia Pacific Sovereign CDS Index 53.0 -1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 72.40 +.08%.
  • S&P 500 futures +.09%.
  • NASDAQ 100 futures +.16%.

Earnings of Note
  • (OZRK)/.59
  • (AA)/.10
  • (VOXX)/-.10
Economic Releases
10:00 am EST
  • The Labor Market Conditions Index for June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Mester speaking, Fed's George speaking, Japan Machine Orders report, 3Y T-Note auction and the (UAL) June Traffic report could also impact trading today.
BOTTOM LINE: Asian indices are higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the week.

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