Tuesday Watch

Night Trading

• Asian equity indices are -.25% to +.50% on average.

• Asia Ex-Japan Investment Grade CDS Index 133.0 unch.

• Asia Pacific Sovereign CDS Index 100.25 unch. 

• FTSE-100 futures +.06%.

• S&P 500 futures -.05%.

• NASDAQ 100 futures -.21%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (LYB)/1.59

• (JCI)/.95

• (VLO)/.43

• (LLL)/1.95

• (X)/-.43

• (PFE)/.56

• (MDC)/.65

• (OXY)/1.60

• (PBI)/.40

• (CMI)/2.11

• (GT)/.66

• (HCP)/.77

• (DDD)/.26

• (ADM)/.48

• (AET)/1.53

• (AMTD)/.37

• (CBG)/.33

• (PCAR)/.85

• (GILD)/.48

• (AFL)/1.48

• (BXP)/1.28

• (RYL)/.90

• (EA)/.12

• (BWLD)/.85

• (IACI)/.94

• (DWA)/.00

• (YELP)/-.01

• (TRLA)/.08

• (LNKD)/.32

Economic Releases
8:30 am EST

• The Producer Price Index for September is estimated to rise +.2% versus a +.3% gain in August.

• The PPI Ex Food and Energy for September is estimated to rise +.1% versus unch. in August.

• Advance Retail Sales for September are estimated unch. versus a +.2% gain in August.

• Retail Sales Ex Autos for September are estimated to rise +.4% versus a +.1% gain in August.

• Retail Sales Ex Autos and Gas for September are estimated to rise +.5% versus a +.1% gain in August.

9:00 am EST

• S&P/CS 20 City MoM for August is estimated to rise +.7% versus a +.62% gain in July.

10:00 am EST

• Business Inventories for August are estimated to rise +.3% versus a +.4% gain in July.

• Consumer Confidence for October is estimated to fall to 75.0 versus 79.7 in September.

Upcoming Splits

• (NEOG) 3-for-2

Other Potential Market Movers

• The German Export/Import Prices report, Japan Industrial Production, 5-Y T-Note auction and the weekly retail sales reports could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.