Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 79.75 -1.25 basis points. 

• China Sovereign CDS 56.25 -1.0 basis points.

• Bloomberg Emerging Markets Currency Index 68.0 unch.

• FTSE 100 futures -.12%.

• S&P 500 futures +.21%.

• NASDAQ 100 futures +.25%.

Morning Preview Links

Earnings of Note
Company/Estimate

Before the Open:

• (IPGP)/1.41
• (JLL)/4.84
• (MLM)/1.78
• (TAP)/.79
• (STE)/1.25
• (UAA)/.04

After the Close:

• (ATVI)/1.29
• (AKAM)/1.00
• (GRPN)/.13
• (OXY)/1.16
• (TEX)/.47
• (TRIP)/.28
• (TWLO)/.04

Economic Releases
6:00 am EST

• The NFIB Small Business Optimism Index for Jan. is estimated to fall to 103.0 versus 104.4 in Dec. 

10:00 am EST

• JOLTS Job Openings for Dec. are estimated to fall to 6,846 versus 6,888 in Nov.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Powell speaking, Australia Home Loans report, weekly US retail sales reports, Goldman Tech/Internet Conference, Stifel Transport/Logistics Conference and the (OLN) investor day could also impact trading today.

BOTTOM LINE:  Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 75% net long heading into the day.