Tuesday Watch

Night Trading 

• Asian equity indices are +.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 70.0 -.5 basis point.

• China Sovereign CDS 39.5 -1.5 basis points.

• Bloomberg Emerging Markets Currency Index  65.91 +.01%.
• FTSE 100 futures +.08%.

• S&P 500 futures +.15%.

• NASDAQ 100 futures +.25%.

Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:

• (BIIB)/8.22
• (CIT)/1.21
• (FITB)/.73
• (HOG)/.67
• (HAS)/2.17
• (JBLU)/.54
• (KMB)/1.79
• (LMT)/5.06
• (MCD)/2.21
• (NUE)/.80
• (PCAR)/1.64
• (PII)/1.58
• (PG)/1.24
• (PHM)/.92
• (DGX)/1.71
• (RF)/.39
• (SHW)/6.50
• (TRV)/2.35
• (UTX)/2.03
• (UPS)/2.06

After the Close:

• (BYD)/.39
• (CMG)/3.21
• (IRBT)/.65
• (TER)/.70
• (TXN)/1.44
• (WHR)/3.90

Economic Releases
10:00 am EST

• The Richmond Fed Manufacturing Index for Oct. is estimated to rise to -7 versus -9 in Sept.
• Existing Home Sales for Sept. is estimated to fall to 5.45M versus 5.49M in Aug.

Upcoming Splits

• None of note

Other Potential Market Movers

• The $40B 2Y T-Note auction, weekly US retail sales reports, BIO investor forum and  Mobile World Congress could also impact trading today.

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