Tuesday Watch

Night Trading 

• Asian equity indices are -.25% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 91.25 -.25 basis point. 
• Asia Pacific Sovereign CDS Index 20.75 -.25 basis point.
• Bloomberg Emerging Markets Currency Index 71.86 -.04%.
• S&P 500 futures -.01%. 
• NASDAQ 100 futures -.01%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (CBOE)/.69
• (DF)/.17
• (DISCA)/.50
• (DUK)/1.03
• (JEC)/.71
• (MDC)/.36
• (ODP)/.12
• (PRTY)/.04
• (SEE)/.47
• (STE)/.84
• (VRX)/.90
• (WLH)/.14
• (COHR)/2.45
• (EA)/.75
• (FOSL)/-.26
• (JAZZ)/2.34
• (MCHP)/1./06
• (NWSA)/.04
• (NVDA)/.81
• (PCL;N)/8.78
• (SPWR)/-.49
• (TSRO)/-2.19
• (DIS)/1.41
• (YELP)/.16

Economic Releases  

6:00 am EST

• The NFIB Small Business Optimism Index for April is estimated to fall to 104.0 versus 104.7 in March.

10:00 am EST

• JOLTS Job Openings for March are estimated to fall to 5738 versus 5743 in April. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Kaplan speaking, Fed's Rosengren speaking, 3Y T-Note auction, weekly US retail sales reports, Oppenheimer Industrial Conference, Jefferies Tech Conference and the Wells Fargo Industrial/Construction Conference could also impact trading today.

BOTTOM LINE:  Asian indices are mostly higher, boosted by financial and technology 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.