Monday Watch

Night Trading

• Asian indices are -.25% to +.50% on average.
• Asia Ex-Japan Investment Grade CDS Index 144.0 -.25 basis point.
• Asia Pacific Sovereign CDS Index 59.0 +.5 basis point.
• Bloomberg Emerging Markets Currency Index 72.52 -.04%.
• S&P 500 futures +.%.
• NASDAQ 100 futures +%.

Morning Preview Links

Earnings of Note
Company/Estimate

• None of note

Economic Releases 
9:45 am EST

• The ISM New York for March is estimated to rise to 54.1 versus 53.6 in February.

10:00 am EST

• Labor Market Conditions Index for March.
• Factory Orders for February are estimated to fall -1.8% versus a +1.6% gain in January.
• Factory Orders Ex Transports for February are estimated to fall -.5% versus a -.2% decline in January.   

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Rosengren speaking, Fed's Kashkari speaking, Eurozone PPI report and the Reserve Bank of Australia Decision could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and consumer 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 week.