Tuesday Watch

Night Trading 

• Asian equity indices are -.25% to +1.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 77.0 +.25 basis points. 

• Asia Pacific Sovereign CDS Index 12.5 +.25 basis point

• Bloomberg Emerging Markets Currency Index 72.21 -.08%.

• FTSE 100 futures +.13%.

• S&P 500 futures -.01%.

• NASDAQ 100 futures +.05%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (DF)/.10

• (DISCA)/.44

• (DISH)/.69

• (EXPD)/.65

• (FSS)/.20

• (IT)/.58

• (HAIN)/.47

• (JEC)/.87

• (JLL)/.61

• (LOXO)/-.13

• (MCHP)/1.35

• (FSS)/.20

• (WLH)/.20

• (CA)/.59

• (CLVS)/-1.37

• (EA)/1.16

• (FOSL)/-.96

• (JAZZ)/2.78

• (MAR)/1.22

• (MNST)/.39

• (OXY)/.70

• (OSTK)/-.87

• (PZZA)/.62

• (RGR)/.80

• (DIS)/1.70

• (WEN)/.10

Economic Releases

6:00 am EST

• The NFIB Small Business Optimism Index for April is estimated to fall to 104.5 versus 104.7 in March.
  

 10:00 am EST

• JOLTS Job Openings for March are estimated to rise to 6100 versus 6052 in February.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The China Exports/Imports report, President Trump speech on drug pricing, WV Republican Primary, $31B 3Y T-Note auction, weekly US retail sales reports, Wells Fargo Industrial/Construction Conference, Deutsche Bank Healthcare Conference, Goldman Sachs Staples Forum, Oppenheimer Industrial Growth Conference and the (RHT) analyst day 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.