Tuesday Watch

Late-Night Headlines
Bloomberg:
- Intercontinental Exchange(ICE), Tesoro Corp.(TSO), Teradata Corp. and Expedia Inc.(EXPE) will join the S&P 500 Index., S&P said today.

Wall Street Journal:
- Although global economic fallout from the US subprime-mortgage crisis is likely to be protracted, governments shouldn’t “rush to regulate everything,” said the International Monetary Fun’s top financial-review official, Jaime Caruana.

MarketWatch.com:
- Chinese stock investors warming to US managers. With opening of outside markets to individuals, fund firms flock to mainland.
- Wall Street says buy EMC for VMware. Analysts bullish on both businesses; VMware’s valuation a concern.

IBD:
- Cable TV Firms’ Next Evolution: Business Phone Service Provider.

Financial Times:
- Arcelor Mittal(MIT) is to spend $35 billion adding to the capacity of its steelmaking plants around the world, lakshmi Mittal, the company’s CEO and main owner, said.

Berliner-Zeitung:
- Q-Cells AG CEO Anton Milner said he expects the solar-power industry to grow at least 40% a year, double the rate forecast by the German association that represents the industry.

Late Buy/Sell Recommendations
Morgan Stanley:
- Reiterated Overweight on (LOW), target $38.

Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 futures -.29%.
NASDAQ 100 futures -.25%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Macro Calls
Upgrades/Downgrades
Rasmussen Business/Economy Polling
CNBC Guest Schedule

Earnings of Note
Company/EPS Estimate
- (DFS)/.38
- (FDS)/.56
- (FUL)/.44
- (RHT)/.17
- (RECN)/.29
- (SMSC)/.39
- (SRR)/.29

Upcoming Splits
- (FCSX) 3-for-2
- (LPHI) 5-for-4
- (NOV) 2-for-1

Economic Releases
10:00 am EST
- Consumer Confidence for September is estimated to fall to 104.3 versus 105.0 in August in August.
- Existing Home Sales for August are estimated to fall to 5.48M versus 5.75M in July.

Other Potential Market Movers
- The Fed’s Plosser speaking, weekly retail sales reports, CaseShiller Home Price Index, Richmond Fed Manufacturing Index, (LOW) analyst conference, (AMAT) solar power, Piper Jaffray Solar Power Conference, CSFB Chemical Conference, UBS Global Life Sciences Conference, Merrill Lynch Global Power/Gas Conference, Thomas Weisel Consumer Conference, RBC Financial Institutions Conference and Jeffries Shipping/Logistics/Offshore Services Conference could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by automaker and mining stocks in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.