Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – Personal Income, Personal Spending, PCE Core, ISM Manufacturing, ISM Prices Paid, Construction Spending

Tues. – Pending Home Sales, Total Vehicle Sales, weekly retail sales reports

Wed. – Weekly EIA energy inventory data, weekly MBA mortgage applications, Challenger Job Cuts, ADP Employment Change, ISM Non-Manufacturing, Factory Orders

Thur. – Non-farm Productivity, Unit Labor Costs, Initial Jobless Claims, ICSC Chain Store Sales

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, Consumer Credit

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

Mon. – None of note

Tues. – Verifone(PAY), Hovnanian(HOV), Bob Evans(BOBE), United Natural Foods(UNFI)

Wed. – Joy Global(JOYG), Toll Brothers(TOL), William-Sonoma(WSM), Jos. A. Bank(JOSB)

Thur. – Ciena(CIEN), Teekay Shipping(TK), Cooper Cos(COO), Guess(GES), Sina(SINA)

Fri. – None of note

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

Mon. – Geithner Visits China, ASCO Annual Meeting, Goldman Lodging/Gaming/Restaurant/Leisure Conference, RBC Capital Markets Energy/Power Conference

Tue. – Geithner Visits China, Fed’s Fisher speaking, KeyBanc Capital Markets Industrial/Automotive/Transportation Conference, Goldman Lodging/Gaming/Restaurant/Leisure Conference, (CAH) investor day, RBC Capital Markets Energy/Power Conference, (THC) investor day, (MDT) analyst meeting, Cowen Display Conference

Wed. – Bernanke testimony before House Budget Committee, Fed’s Hoenig speaking, BofA-Merrill Tech Conference, Goldman Basic Materials Conference, Keefe/Bruyette/Woods Financial Services Conference, (FE) analyst meeting, Stephens Investment Conference, KeyBanc Industrial/Auto/Transport Conference, (ERTS) analyst meeting, Lazard Alt Energy/Infrastructure Conference

Thur. – Fed’s Pianalto speaking, Fed’s Dudley speaking, Bernanke gives speaks at Fed Conference, Keefe Bruyette Financial Services Conference, CSFB Engineering/Construction Service Conference, (MCO) Investor Day, Goldman Basic Materials Conference, Lazard Alt Energy/Infrastructure Conference, Sandler O’Neil Electronic Trading Conference, Citi Power/Utility Conference, BofA-Merrill Tech Conference, Raymond James Investors Conference

Fri. – Fed’s Rosengren, Yellen and Kohn in Panel Discussion, (WMT) analyst meeting, Sandler O’Neil Electronic Trading Conference

BOTTOM LINE: I expect US stocks to finish the week modestly higher on less credit market angst, declining economic fear, diminishing financial sector pessimism, lower energy prices, short covering, lower long-term rates, a firmer US dollar and investment manager performance anxiety. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.