Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 60.75 +1.0 basis point.

• China Sovereign CDS 31.0 -.75 basis point.

• Bloomberg Emerging Markets Currency Index 61.42 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 2,949.0 +1.0 point.
• Volatility Index(VIX) futures 24.2 +.93%.
• FTSE 100 futures -.20%.

• S&P 500 futures -.08%.

• NASDAQ 100 futures +.02%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (JBL)/.82

After the Close:

• (COUP)/-.11
• (CRWD)/.08
• (LEN)/1.74
  

Economic Releases

8:30 am EST

• The Import Price Index MoM for Feb. is estimated to rise +1.0% versus a +1.4% gain in Jan.
• The Export Price Index MoM for Feb. is estimated to rise +1.0% versus a +2.5% gain in Jan.
• Retail Sales Advance MoM for Feb. is estimated to fall -.5% versus a +5.3% gain in Jan.
• Retail Sales Ex Autos MoM for Feb. is estimated to rise +.2% versus a +5.9% gain in Jan.
• Retail Sales Ex Autos and Gas for Feb. is estimated to fall -.5% versus a +6.1% gain in Jan.
  

9:15 am EST

• Industrial Production MoM for Feb. is estimated to rise +.3% versus a +.9% gain in Jan.
• Capacity Utilization for Feb. is estimated to fall to 75.5% versus 75.6% in Jan.
• Manufacturing Production for Feb. is estimated to rise +.2% versus a +1.0% gain in Jan.
  

10:00 am EST

• Business Inventories for Jan. is estimated to rise +.3% versus a +.6% gain in Dec.
• The NAHB Housing Market Index for March is estimated at 84 versus 84 in Feb.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The German ZEW Index, $24B 20Y Treasury auction, weekly US retail sales reports, BofA Industrials Conference, UBS Energy Conference, Oppenheimer Healthcare Conference,  could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly higher, boosted 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 100% net long heading into the day.