Tuesday Watch

Night Trading 

• Asian equity indices are +.25% to +1.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 67.75 -3.5 basis points. 

• China Sovereign CDS 52.0 -5.0 basis points.

• Bloomberg Emerging Markets Currency Index 67.49 +.05%.

• FTSE 100 futures +.22%.

• S&P 500 futures +.22%.

• NASDAQ 100 futures +.34%.

Morning Preview Links

Earnings of Note
Company/Estimate

Before the Open:

• (DKS)/1.06
• (IPI)/.04

After the Close:

• (APEI)/.52
• (COHU)/.19
• (SNCR)/-.03
• (ZAGG)/.50

Economic Releases
6:00 am EST

• The NFIB Small Business Optimism Index for Feb. is estimated to rise to 102.5 versus 101.2 in Jan.

8:30 am EST

• The CPI MoM for February is estimated to rise +.2% versus unch. in Jan.
• The CPI Ex Food and Energy MoM for February is estimated to rise +.2% versus a +.2% gain in Jan.

Upcoming Splits

• None of note

Other Potential Market Movers

• The Japan CPI report, UK Brexit vote, UK industrial production report, $24B 10Y T-Note auction, weekly US retail sales reports, BofA Merrill Consumer/Retail Tech Conference, Susquehanna Financial Group Tech Conference, RBC Financial Institutions Conference, Barclays Healthcare Conference, (COUP) investor day, (EFX) investor meeting, (LGND) analyst day and the (YUMC) 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.