Tuesday Watch

Night Trading 

• Asian equity indices are +1.0% to +2.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 58.75 -3.5 basis points.

• China Sovereign CDS 28.25 -3.5 basis points.

• Bloomberg Emerging Markets Currency Index 60.58 -.2%
• Bloomberg Global Risk-On/Risk Off Index 974.0 +26.0 points.
• Volatility Index(VIX) futures 26.26 -.06%
• FTSE 100 futures -1.0%.

• S&P 500 futures -.04%.

• NASDAQ 100 futures +.12%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (AAP)/2.67
• (DHI)/1.78
• (ROK)/1.75
  

After the Close:

• (DOX)/1.19
• (BRKS)/.36
• (COHR)/.80
• (LYFT)/-.90

Economic Releases

6:00 am EST

• The NFIB Small Business Optimism Index for Oct. is estimated to rise to 104.1 versus 104.0 in Sept.
  

10:00 am EST

• JOLTS Job Openings for Sept. is estimated to rise to 6500 versus 6493 in Aug.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Quarles speaking, Fed's Brainard speaking, Supreme Court Case on Affordable Care Act begins, 10Y T-Note auction, US weekly retail sales reports, UK unemployment data, German ZEW Index, Baird Industrial Conference, Morgan Stanley Chemicals/Ag/Packaging Conference, BofA Merrill Energy Conference and the Deutsche Bank Auto Tech Conference could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are higher, boosted by commodity and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.