Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – ISM Non-Manufacturing

Tues. – Weekly retail sales reports

Wed. – Weekly MBA Mortgage Applications report, weekly EIA energy inventory data report, Preliminary 1Q Non-farm Productivity, Preliminary 1Q Unit Labor Costs, Pending Home Sales, Consumer Credit

Thur. – Initial Jobless Claims, Wholesale Inventories, ICSC Chain Store Sales

Fri. – Trade Balance

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

Mon. – Tidewater(TDW), Hewitt Assoc.(HEW), McKesson(MCK), Weight Watchers(WTW), Virgin Mobile(VM), Midway Games(MWY), Cleveland-Cliffs(CLF), Anadarko Petroleum(APC), Vulcan Materials(VMC), Post Properties(PPS), Pilgrim’s Pride(PPC)

Tues. – NYSE Euronext(NYX), Covidien Ltd(COV), St Joe(JOE), MGM Mirage(MGM), Emerson Electric(EMR), DR Horton(DHI), Legg Mason(LM), Disney(DIS), Papa John’s(PZZA), Cisco Systems(CSCO), THQ Inc.(THQI), WMS Industries(WMS), Synchronoss Technologies(SNCR), Alltel(AT), Pitney Bowes(PBI), Louisiana-Pacific(LPX), Estee Lauder(EL), Kenneth Cole(KCP), Sara Lee(SLE), Vornado(VNO)

Wed. – Transocean(RIG), Marsh & McLennan(MMC), Quanta Services(PWR), Checkpoint Systems(CKP), Steris Corp.(STE), Owens Corning(OC), News Corp.(NWS/A), Hansen Natural(HANS), Quicksilver Resources(KWK), Allergan(AGN), Foster Wheeler(FWLT), WellCare Health(WCG), Liz Claiborne(LIZ)

Thur. – Warner Music(WMG), Gartner Inc.(IT), American Superconductor(AMSC), Celgene(CELG), California Pizza(CPKI), VeriSign(VRSN), American Intl. Group(AIG), Activision(ATVI), Nuance Communications(NUAN), Cablevision(CVC), Barr Pharma(BRL), priceline.com(PCLN), Nvidia Corp.(NVDA), El Paso(EP)

Fri. – Sotheby’s(BID)

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

Mon. – (YUM) analyst conference, Goldman Sachs Alternative Energy Conference, Deutsche Bank Health Care Conference, JPMorgan Energy Symposium

Tue. – Fed’s Hoenig speaking, (YUM) analyst conference, Deutsche Bank Health Care Conference, Goldman Sachs Alternative Energy Conference, CSFB Basic Materials Conference, Merrill Lynch Technology Conference

Wed. – (ELN) company day, (MFE) investor day, (AMX) analyst meeting, (KND) investor meeting, (GENZ) analyst day, (HUM) investor meeting, Deutsche Bank Health Care Conference, Merrill Lynch Technology Conference, Bank of America Basics/Industrials Conference, Merrill Lynch Global Industries Conference, DA Davidson Financial Services Conference

Thur. – (SYK) analyst meeting, (ASF) analyst day, (ASYT) analyst day, (TXN) analyst meeting, (MTSN) analyst meeting, Needham Internet/Digital Media Conference, DA Davidson Financial Services Conference, Bank of America Basics/Industrials Conference, Merrill Lynch Technology Conference, Merrill Lynch Global Industries Conference

Fri. – (TXN) analyst meeting and (C) analyst presentation

BOTTOM LINE: I expect US stocks to finish the week mixed as a stronger US dollar, lower energy prices, less economic pessimism and mostly positive earnings reports offset profit-taking and more shorting. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.