Tuesday Watch

Night Trading 

• Asian equity indices are -.25% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 96.0 +.5 basis point. 
• Asia Pacific Sovereign CDS Index 21.25 unch.
• Bloomberg Emerging Markets Currency Index 71.66 -.03%.
• S&P 500 futures +.03%. 
• NASDAQ 100 futures +.03%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (OZRK)/.72
• (VNCE)/-.05
• (HCSG)/.29

Economic Releases

6:00 am EST 

• The NFIB Small Business Optimism Index for March is estimated to fall to 104.7 versus 105.3 in February.  

10:00 am EST

• JOLTS Job Openings for February are estimated to rise to 5663 versus 5626 in January.   

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Kashkari speaking, Japan Machine Orders, Eurozone Manufacturing/Industrial Production reports, UK CPI report, WasDe Crop report, $24B 3Y T-Note auction, weekly US retail sales reports, (ALK) monthly traffic report and the (AAL) monthly traffic report could also impact trading today.

BOTTOM LINE:  Asian indices are mostly higher, boosted by commodity and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the day.