Tuesday Watch

Night Trading 

• Asian equity indices are -1.25% to -.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 75.25 -3.5 basis points.

• China Sovereign CDS 36.25 -1.75 basis points.

• Bloomberg Emerging Markets Currency Index 61.07 unch.
• Bloomberg Global Risk-On/Risk Off Index 3,265.0 -6.0 points.
• Volatility Index(VIX) futures 20.55 -.73%.
• FTSE 100 futures -.08%.

• S&P 500 futures +.18%.

• NASDAQ 100 futures +.18%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (ABT)/1.27
• (AN)/1.82
• (BMI)/.42
• (CMA)/1.38
• (FITB)/.68
• (HTLD)/.21
• (JNJ)/2.33
• (KEY)/.47
• (LMT)/6.32
• (MAN)/.67
• (NTRS)/1.49
• (OMC)/1.12
• (PM)/1.40
• (PG)/1.20
• (TRV)/3.01
  

After the Close:

• (CSX)/.98
• (EW)/.48
• (IBKR)/.75
• (ISRG)/2.66
• (NFLX)/2.94
• (THC)/.69

Economic Releases

• None of note
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China rate decision, German GFK Consumer Confidence report weekly US retail sales reports, (AAPL) special event and the (AAP) analyst update could also impact global trading today.

US Equity Market Hours

• 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 higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.