Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 65.89 -1.44%.

• China Sovereign CDS 48.0 -4.0 basis points.

• Bloomberg Emerging Markets Currency Index  65.33 -.02%.
• FTSE 100 futures -.3%.

• S&P 500 futures -.25%.

• NASDAQ 100 futures -.32%.

Morning Preview Links 

Earnings of Note 
Company/Estimate

Before the Open:

• (HD)/3.08
• (KSS)/1.53
• (MDT)/1.19
• (TJX)/.62

After the Close:

• (CREE)/.10
• (JKHY)/.77
• (LZB)/.34
• (TOL)/.81
• (URBN)/.58

Economic Releases

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Quarles speaking, Eurozone Construction Output report and the weekly US retail sales reports could also impact trading today.

BOTTOM LINE: Asian indices are modestly higher, boosted by energy and technology 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.