Monday Watch

Night Trading

• Asian indices are unch. to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 77.75 +6.75 basis points.
• China Sovereign CDS 50.5 +1.25 basis points.
• Bloomberg Emerging Markets Currency Index 59.07 -.03%.
• Bloomberg Global Risk-On/Risk Off Index 125.0 +34.0 points.
• Volatility Index(VIX) futures 31.10 -.40%. 
• Euro Stoxx 50 futures +1.28%.
• S&P 500 futures +.30%.
• NASDAQ 100 futures +.26%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (CALM)/-.55
• (SINA)/.50
• (THO)/1.40
• (WB)/.46
  

After the Close:

• (UNFI)/.72

Economic Releases

10:30 am EST

• The Dallas Fed Manufacturing Activity Index for Sept. is estimated at 10.0 versus 8.0 in Aug.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Mexico Trade Balance report and (BABA) investor day could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 50% net long heading into the week.