Friday Watch

Night Trading 

• Asian equity indices are -1.75% to -.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 69.50 +1.0 basis point. 
• Asia Pacific Sovereign CDS Index 12.0 unch.
• Bloomberg Emerging Markets Currency Index 75.22 -.01%.
• FTSE 100 futures -.63%.
• S&P 500 futures -.17%.
• NASDAQ 100 futures -.11%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (FL)/1.25
• (JCP)/.47
• (JD)/.42
• (KVHI)/.11
• (ZEUS)/.11

Economic Releases

10:00 am EST

• Final Univ. of Mich. Consumer Sentiment for February is estimated to fall to 99.5 versus a prior estimate of 99.9.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Eurozone PPI report, BofA Merrill Refining Conference, (GRA) Investor Day and the (ETN) Investor Conference could also impact trading today.

BOTTOM LINE:  Asian indices are lower, weighed down by industrial 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 25% net long heading into the day.