Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – None of note

Tues. – Wholesale Inventories, IBD/TIPP Economic Optimism, weekly retail sales reports

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, Monthly Budget Statement

Thur. – Advance Retail Sales, Initial Jobless Claims, Business Inventories

Fri. – Trade Balance, Import Price Index, Univ. of Mich. Consumer Confidence

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

Mon. – None of note

Tues. – Dick’s Sporting Goods(DKS), Brown-Forman(BF/B), Hovnanian(HOV), Kroger(KR)

Wed. – National Semi(NSM), Korn/Ferry(KFY), Navistar(NAX), American Eagle(AEO)

Thur. – Pacific Sunwear(PSUN), Aeropostale(ARO)

Fri. – None of note

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

Mon. – (TXN) Mid-quarter Update, Raymond James Institutional Investors Conference, Stifel Nicolaus Consumer Conference

Tue. – (ACIW) analyst day, (FIC) analyst meeting, Bernanke speaks on bank regulation, (CVX) analyst meeting, (TEL) meeting of shareholders, (DIS) meeting of shareholders, Raymond James Institutional Investors Conference, JPMorgan Aviation & Transportation Conference, Barclays Healthcare Conference, Deutsche Bank Hospitality & Gaming Conference, (AMAT) meeting of stockholders, (APC) investor conference, (ADI) shareholder meeting

Wed. – (COP) analyst meeting, (PL) investor conference, (BEN) shareholders meeting, Raymond James Institutional Investors Conference, Barclays Capital Healthcare Conference, JPMorgan Aviation & Transportation Conference, UBS Engineering & Construction Conference, Bank of America Consumer Conference, Merrill Lynch Consumer Conference, Merrill Lynch Cleantech Leaders Conference

Thur. – Oppenheimer Alternative Energy Conference, Bank of America Consumer Conference, (IT) investor day, (ITT) shareholders meeting

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as bargain-hunting, technical buying and diminishing financial sector pessimism offset more shorting, rising credit market angst and tax hike worries. My trading indicators are giving mostly bearish signals and the Portfolio is 75% net long heading into the week.