Friday Watch

Night Trading 

• Asian equity indices are +.25% to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 70.25 -.25 basis point. 
• Asia Pacific Sovereign CDS Index 12.75 unch.
• Bloomberg Emerging Markets Currency Index 75.64 +.07%.
• FTSE 100 futures -.37%.
• S&P 500 futures +.18%.
• NASDAQ 100 futures +.04%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (COG)/.11
• (DFRG)/.43
• (HUN)/.66
• (TDS)/-.09

Economic Releases

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Dudley speaking, Fed's Rosengren speaking, Fed's Mester speaking, Fed's Williams speaking and the German GDP report could also impact trading today.

BOTTOM LINE:  Asian indices are mostly higher, boosted by commodity and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the day.