Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 93.0 -2.0 basis points. 

• China Sovereign CDS 65.25 -1.75 basis points.

• Bloomberg Emerging Markets Currency Index 67.88 -.01%.

• FTSE 100 futures +.39%.

• S&P 500 futures +.30%.

• NASDAQ 100 futures +.30%.

Morning Preview Links

Earnings of Note
Company/Estimate
Before the Open:

• (AZZ)/.62
• (HELE)/2.36
• (LNN)/.42

After the Close:

• (SGH)/1.77

Economic Releases
6:00 am EST

• The NFIB Small Business Optimism Index for Dec. is estimated to fall to 103.0 versus 104.8 in November.

10:00 am EST

• The JOLTS Job Openings report for November is estimated to fall to 7050 versus 7079 in October.
  

3:00 pm EST

• Consumer Credit for November is estimated to fall to $17.5B versus $25.384B in October.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Eurozone Industrial Production report, weekly US retail sales reports, Citi TMT Conference, Goldman Energy Conference and the JPMorgan Tech Forum could also impact trading today.

BOTTOM LINE:  Asian indices are higher, boosted by technology and commodity shares in the region. I expect US stocks to open mixed and to strengthen into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.