Monday Watch

Night Trading

• Asian indices are -.25% to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 63.75 unch.
• China Sovereign CDS 32.75 unch.
• Bloomberg Emerging Markets Currency Index 60.19 -.05%.
• Bloomberg Global Risk-On/Risk Off Index 3,092.0 -52.0 points.
• Volatility Index(VIX) futures 21.57 -2.1%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures +.57%.
• NASDAQ 100 futures +.27%

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• The ISM Services Index for March is estimated to rise to 58.5 versus 55.5 in Feb.
• Factory Orders for Feb. is estimated to fall -.5% versus a +2.6% gain in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Japan Consumer Confidence Index and the (F) US sales conference call 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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.