Friday Watch

Night Trading 

• Asian equity indices are unch. to +.50% on average.
• Asia Ex-Japan Investment Grade CDS Index 93.75 -.75 basis point. 
• Asia Pacific Sovereign CDS Index 21.0 -.25 basis point.
• Bloomberg Emerging Markets Currency Index 72.03 -.05%. 
• S&P 500 futures -.12%. 
• NASDAQ 100 futures -.08%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (BBRY)/.00

Economic Releases
8:30 am EST 

• Personal Income for February is estimated to rise +.4% versus a +.4% gain in January. 
• Personal Spending for February is estimated to rise +.2% versus a +.2% gain in January.
• PCE Core MoM for February is estimated to rise +.2% versus a +.3% gain in January. 

9:45 am EST

• Chicago Purchasing Manager for March is estimated to fall to 56.9 versus 57.4 in February.

10:00 am EST

• Final Univ. of Mich. Consumer Sentiment is estimated at 97.6 versus a prior estimate of 97.6.  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Bullard speaking, German Unemployment report and the UK GDP report could also impact trading today.

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.