Tuesday Watch

Night Trading 

• Asian equity indices are +.25% to +.50% on average.

• Asia Ex-Japan Investment Grade CDS Index 67.75 -1.5 basis points. 

• China Sovereign CDS 43.0 -.5 basis point.
  

• Bloomberg Emerging Markets Currency Index 67.40 -.07%.

• FTSE 100 futures +.21%.

• S&P 500 futures -.09%.

• NASDAQ 100 futures -.09%.

Morning Preview Links

Earnings of Note
Company/Estimate

Before the Open:

• (ANGO)/.22
• (WBA)/1.72

After the Close:

• (PLAY)/.64
• (GME)/1.58

Economic Releases
8:30 am EST

• Durable Goods Orders for Feb. are estimated to fall -1.8% versus a +.3% gain in Jan.
• Durables Ex Transports for Feb. is estimated to rise +.1% versus a -.2% decline in Jan.
• Cap Goods Orders Non-Defense Ex-Air for Feb. is estimated to rise +.1% versus a +.8% gain in Jan.
  

Afternoon:

• Wards Total Vehicle Sales for March are estimated to rise to 16.8M versus 16.56M in Feb.

Upcoming Splits

• None of note

Other Potential Market Movers

• The Eurozone PPI report, weekly US retail sales reports and the BofA Merrill Utilities/Energy Conference could also impact trading today.

BOTTOM LINE:  Asian indices are higher, boosted by commodity and technology 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.