Weekly Outlook

Click here for the Wall St. Week Ahead by Reuters.

Click here for Stocks in Focus for Monday by MarketWatch.com.

There are a few economic reports of note and some significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. – None of note

Tues. – Weekly retail sales reports, IDB/TIPP Economic Optimism Index, Monthly Budget Statement, Pending Home Sales

Wed. – Weekly EIA energy inventory report, weekly MBA Mortgage Applications report, Producer Price Index, Advance Retail Sales, Business Inventories

Thur. – Consumer Price Index, Empire Manufacturing, Initial Jobless Claims, Philly Fed

Fri. – Net Long-term TIC Flows, Industrial Production, Capacity Utilization

Some of the more noteworthy companies that release quarterly earnings this week are:

Mon. – Tyson Foods(TSN), Blackstone Group(BX), Bob Evans Farms(BOBE), Echo Star Communications(DISH)

Tues. – Fossil Inc.(FOSL), Home Depot(HD), Wal-Mart Stores(WMT), Sears Holdings(SHLD), Pilgrim’s Pride(PPC), PEP Boys(PBY), Big Lots(BIG), TJX Cos(TJX)

Wed. – Network Appliance(NTAP), Sina Corp.(SINA), Applied Materials(AMAT), Macy’s Inc.(M), Hilton Hotels(HLT), First Data(FDC), Long Drug Stores(LDG)

Thur. – Tyco International(TYC), Nuance Communications(NUAN), Suntech Power(STP), Williams-Sonoma(WSM), Green Mountain Coffee(GMCR), Hillenbrand Industries(HB), Intuit(INTU), PetSmart(PETM), Autodesk(ADSK), Salesforce.com(CRM), Kohl’s Corp.(KSS), LDK Solar(LDK), Agilent Technologies(A), JC Penney(JCP), Shaw Group(SGR), Starbucks(SBUX), BEA Systems(BEAS)

Fri. – JM Smucker(SJM), AnnTaylor Stores(ANN), Beazer Homes(BZH), Jack in the Box(JBX)

Other events that have market-moving potential this week include:

Mon. – (CWST) analyst day, (TSN) analyst meeting, (SIMG) analyst meeting, (UFI) investor meeting, Citigroup Biotech Conference, Oppenheimer Digital Media Conference, Deutsche Bank Gaming Forum, Piper Jaffray Industrial Growth/Business Services Symposium

Tue. – (TSS) analyst presentation, (MCD) analyst meeting, (AMP) analyst meeting, (ITT) analyst day, CSFB Healthcare Conference, Piper Jaffary Global Internet Summit, Deutsche Bank Gaming Investment Forum, Morgan Stanley Global Consumer & Retail Conference, Piper Jaffray Industrial Growth/Business Services Symposium, UBS Global Tech and Services Conference, Goldman Sachs Global Shipping Conference, Bear Stearns SMid Cap Conference, Merrill Lynch Banking & Financial Conference

Wed. – (SE) analyst meeting, (SMOD) analyst meeting, (TLM) analyst meeting, (LEG) analyst meeting, (LXK) analyst day, (PCL) analyst day, (QCOM) analyst meeting, (UFI) investor meeting, (SE) analyst meeting, (GWW) analyst meeting, (CSAR) analyst meeting, Morgan Stanley Global Consumer & Retail Conference, CSFB Insurance & Asset Management Conference, Merrill Lynch Banking & Financial Services Investor Conference, CSFB Healthcare Conference, Stephens Investment Conference, Bear Stearns SMid Cap Conference, Piper Jaffray, UBS Global Tech & Services Conference

Thur. – (IWOV) analyst meeting, (SRDX) analyst meeting, (HAS) analyst meeting, (SCHW) business update, Morgan Stanley Global Consumer & Retail Conference, UBS Global Tech & Services Conference, CSFB Insurance & Asset Management Conference, Bank of America Energy Conference, CSFB Healthcare Conference, Merrill Lynch Banking & Financial Services Conference, Stephens Investment Conference

Fri. – Bank of America Energy Conference, CSFB Insurance & Asset Management Conference, (GIB) investor day

BOTTOM LINE: I expect US stocks to finish the week mixed as bargain-hunting and short-covering offset mixed economic data and earnings reports. My trading indicators are giving mostly bearish signals and the Portfolio is 50% net long heading into the week.