Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 81.5 unch.

• China Sovereign CDS 46.25 unch.
  

• Bloomberg Emerging Markets Currency Index 58.03 -.02%. 
• Bloomberg Global Risk-On/Risk Off Index 3,447.0 -20.0 points.
• Volatility Index(VIX) futures 20.8 +.24%.
• FTSE 100 futures -.11%.

• S&P 500 futures -.08%

• NASDAQ 100 futures -.15%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (BLMN)/.54
• (BP)/.16
• (COP)/1.52
• (CMI)/3.93
• (DD)/1.12
• (ETN)/1.73
• (EL)/1.70
• (GNRC)/2.40
•  (IDXX)/1.91
• (LEA)/.61
• (LPX)/3.42
• (MLM)/4.27
• (PFE)/1.09
• (RL)/2.00
• (ROK)/2.19
• (UAA)/.15
  

After the Close:

• (ATVI)/.70
• (AKAM)/1.39
• (AMGN)/4.21
• (CZR)/.14
• (HRB)/-1.02
• (LSCC)/.24
• (LYFT)/-.03
• (MTCH)/.58
• (MDLZ)/.70
• (PRU)/2.73
• (RRR)/.76
• (XPO)/.93
• (ZG)/.17
  

Economic Releases

Afternoon:

• Wards Total Vehicle Sales for Oct. is estimated to rise to 12.5M versus 12.18M in Sept.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China Services PMI report and the US weekly retail sales reports 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 commodity and financial 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.