Thursday Watch

Night Trading 

• Asian equity indices are -.5% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 57.75 unch.

• China Sovereign CDS 29.25 unch.

• Bloomberg Emerging Markets Currency Index 62.86 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 2,4881.0 unch.
• Volatility Index(VIX) futures 27.40 +.42%.
• FTSE 100 futures -.12%.

• S&P 500 futures -.16%.

• NASDAQ 100 futures -.15%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (AB)/.81
• (MT)/.22
• (AZN)/1.10
• (BWA)/.92
• (DUK)/1.01
• (GNRC)/1.96
• (K)/.88
• (LH)/3.08
• (TAP)/.77
• (PEP)/1.46
• (R)/.94
• (SINA)/.86
• (TPX)/.52
• (TSN)/1.50
• (YETI)/.62
  

After the Close:

• (CGNX)/.27
• (DDOG)/.02
• (EXPE)/-1.92
• (FLO)/.24
• (FWRD)/.73
• (ILMN)/1.14
• (MHK)/2.87
• (DIS)/-.34
  

Economic Releases

8:30 am EST

• Initial Jobless Claims for last week are estimated to fall to 758K versus 779K the prior week.
• Continuing Claims are estimated to fall to 4420K versus 4592K prior.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The $27B 30Y T-Note auction, weekly EIA natural gas inventory report, weekly Bloomberg Consumer Comfort Index, (PYPL) investor day and the (NUS) investor day could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.