Tuesday Watch

Night Trading 

• Asian equity indices are +.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 78.50 -.5 basis point. 

• Asia Pacific Sovereign CDS Index 16.0 unch.

• Bloomberg Emerging Markets Currency Index 72.65 -.02%.

• S&P 500 futures -.04%.

• NASDAQ 100 futures +.03%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (ADI)/1.36
• (BURL)/.66
• (CPB)/.97
• (CHS)/.12
• (CBRL)/1.85
• (DLTR)/.90
• (DSW)/.53
• (DSX)/-.19
• (EV)/.70
• (JEC)/.82
• (LOW)/1.03
• (MDT)/1.03
• (PDCO)/.54
• (SIG)/.16
• (CPRT)/.27
• (GME)/.43
• (GES)/.12
• (HPE)/.28
• (HPQ)/.44
• (CRM)/.37

Economic Releases 

8:30 am EST

• The Chicago Fed National Activity Index for October is estimated to rise to .2 versus .17 in September.

10:00 am EST

• Existing Home Sales for October is estimated to rise to 5.4M versus 5.39M in September.

Upcoming Splits

• None of note

Other Potential Market Movers

• The Japan Retail Trade report, weekly US retail sales report and the PAAS analyst meeting 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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.