Monday Watch

Night Trading

• Asian indices are +.25% to +1.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 69.25 -2.25 basis points

• China Sovereign CDS 43.5 -2.0 basis points.

• Bloomberg Emerging Markets Currency Index 67.04 -.01%.

• FTSE 100 futures +.51%.

• S&P 500 futures +.66%.

• NASDAQ 100 futures +.97%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (CALM)/.52

After the Close:

• None of note

Economic Releases

8:30 am EST

• Retail Sales Advance MoM for Feb. is estimated to rise +.3% versus a +.2% gain in Jan. 

• Retail Sales Ex Autos MoM for Feb. is estimated to rise +.3% versus a +.9% gain in Jan.

• Retail Sales Ex Autos and Gas for Feb. is estimated to rise +.3% versus a +1.2% gain in Jan.
  

10:00 am EST

• The ISM Manufacturing Index for March is estimated to rise to 54.5 versus 54.2 in Feb. 

• The ISM Prices Paid for March is estimated to rise to 52.5 versus 49.4 in Feb.

• Construction Spending MoM for Feb. is estimated to fall -.2% versus a +1.3% gain in Jan.

• Business Inventories for Jan. is estimated to rise +.5% versus a +.6% gain in Dec.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone PMI/CPI reports could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 100% net long heading into the week.