Monday Watch

Night Trading

• Asian indices are +.5% to +1.0% on average.
• Asia Ex-Japan Investment Grade CDS Index 66.0 -.5 basis point.
• China Sovereign CDS 38.5 -1.25 basis points.
• Bloomberg Emerging Markets Currency Index 59.34 +.07%.
• Bloomberg Global Risk-On/Risk Off Index 213.0 +50.0 points.
• Volatility Index(VIX) futures 28.7 -1.12%. 
• Euro Stoxx 50 futures +.4%.
• S&P 500 futures +.66%.
• NASDAQ 100 futures +.86%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (HAL)/.08
• (LII)/3.15
• (PETS)/.40
• (PHG)/.46
  

After the Close:

• (BXS)/.54
• (CDNS)/.61
• (CCK)/1.58
• (HXL)/.08
• (IBM)/2.58
• (LOGI)/.54
• (PPG)/1.92
• (STL)/.48
• (AMTD)/.90
• (ZION)/.89
  

Economic Releases

10:00 am EST

• The NAHB Housing Market Index for Oct. is estimated at 83.0 versus 83.0 in Sept.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China Home Price report could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are 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 50% net long heading into the week.