Tuesday Watch

Night Trading 

• Asian equity indices are +.75% to +1.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 78.5 -.75 basis point. 
• Asia Pacific Sovereign CDS Index 13.25 +.25 basis point.
• Bloomberg Emerging Markets Currency Index 75.43 +.05%.
• FTSE 100 futures +1.16%.
• S&P 500 futures +.34%.
• NASDAQ 100 futures +.44%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (FDS)/2.06
• (MKC)/.91
• (LULU)/1.27
• (RH)/1.54
• (SCVL)/.09
• (SONC)/.15

Economic Releases

9:00 am EST

• The S&P CoreLogic CS 20-City MoM for January is estimated to rise +.6% versus a +.64% gain in December.

10:00 am EST

• The Richmond Fed Manufacturing Index for March is estimated to fall to 22.0 versus 28.0 in February.
• The Conference Board Consumer Confidence Index for March is estimated to rise to 131.0 versus 130.8 in February.

Upcoming Splits

• (BRO) 2-for-1

Other Potential Market Movers

• The Fed's Bostic speaking, Eurozone Consumer Confidence report, German Retail Sales report, $35B 5Y T-Note auction, US weekly retail sales reports, Needham Healthcare Conference and the (NVDA) investor day could also impact trading today.

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