Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 63.5 -.5 basis point.

• China Sovereign CDS 34.25 +.25 basis point.

• Bloomberg Emerging Markets Currency Index 59.89 -.09%.
• Bloomberg Global Risk-On/Risk Off Index 2,826.0 +15.0 points.
• Volatility Index(VIX) futures 22.0 -.01%.
• FTSE 100 futures +.32%.

• S&P 500 futures +.06%.

• NASDAQ 100 futures +.10%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (ANGO)/-.02
• (FDS)/2.74
• (MKC).59
  

After the Close:

• (BB)/.03
• (CHWY)/-.10
• (LULU)/2.49
• (PVH)/-.23
  

Economic Releases

8:30 am EST

• The FHFA House Price Index MoM for Jan. is estimated to rise +1.2% versus a +1.1% gain in Dec.
• The S&P CoreLogic CS 20-City MoM for Jan. is estimated to rise +1.2% versus a +1.25% gain in Dec.
  

10:00 am EST

• The Conference Board Consumer Confidence Index for March is estimated to rise to 96.7 versus 91.3 in Feb.

Upcoming Splits

• (SHW) 3-for-1
  

Other Potential Market Movers

• The Fed's Quarles speaking, China Manufacturing PMI report, German Inflation Data report, Eurozone Economic Sentiment, weekly US retail sales reports, BofA Automotive Summit and the Scotiabank Telecom/Media/Tech Conference could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

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