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 some significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. – None of note

Tues. – Producer Price Index, Advance Retail Sales, Business Inventories, weekly retail sales reports

Wed. – Weekly EIA energy inventory data, weekly MBA mortgage applications report, Consumer Price Index, Empire Manufacturing, Net Long-term TIC Flows, Industrial Production, Capacity Utilization, NAHB Housing Market Index, Fed’s Beige Book

Thur. – Housing Starts, Building Permits, Initial Jobless Claims, Philly Fed

Fri. – Preliminary Univ. of Mich. Consumer Confidence

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

Mon. – Charles Schwab(SCHW), JB Hunt(JBHT), Talbots(TLB)

Tues. – Fastenal(FAST), Goldman Sachs(GS), CSX Corp.(CSX), Linear Tech(LLTC), Intel Corp.(INTC), Johnson & Johnson(JNJ)

Wed. – Abbott Labs(ABT), Piper Jaffray(PJC), Progressive Corp.(PGR), AMR Corp.(AMR)

Thur. – Sherwin-Williams(SHW), Harley-Davidson(HOG), Illinois Tool Works(ITW), JPMorgan Chase(JPM), Parker Hannifin(PH), Biogen Idec(BIIB), PPG Industries(PPG), Google Inc.(GOOG), Intuitive Surgical(ISRG), BlackRock(BLK), Baxter International(BAX), Genuine Parts(GPC), Southwest Air(LUV), Kinder Morgan Energy(KMP)

Fri. – Citigroup(C), Mattel(MAT), General Electric(GE), BB&T Corp.(BBT)

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

Mon. – (ARA) shareholders meeting

Tue. – The Fed’s Evans speaking, Feds Stern speaking, (NCX) shareholders meeting, (DNR) analyst meeting, (SUPG) analyst meeting, (STD) shareholders meeting, (VLY) shareholders meeting, (VRGY) shareholders meeting, (SY) shareholders meeting

Wed. – Fed’s Beige Book, (OMX) shareholders meeting, (UBS) annual meeting, (RTP) annual meeting, (BRCD) shareholders meeting, (SHW) shareholders meeting, (FFH) shareholders meeting, (LEN) shareholders meeting, (CBSH) shareholders meeting, (SON) annual meeting

Thur. – The Fed’s Lockhart speaking, Fed’s Yellen speaking, (BP) annual meeting, (CRAI) annual meeting, (RF) shareholders meeting, (VLCK) shareholders meeting, (WY) shareholders meeting, (TXN) shareholders meeting, (PPG) shareholders meeting

Fri. – The Fed’s Hoenig speaking, Fed Chairman Bernanke speaking at Fed Conference, (SNY) annual meeting, (DHX) stockholders meeting, (SSD) shareholders meeting

BOTTOM LINE: I expect US stocks to finish the week modestly higher on less credit market angst, better-than-feared earnings reports, declining economic fear, lower energy prices and diminishing financial sector pessimism. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.