Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for Stocks to Watch Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – Leading Indicators

Tues. – Chicago Fed Nat Activity Index, ABC Consumer Confidence

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, House Price Index

Thur. – Initial Jobless Claims, Existing Home Sales

Fri. – Univ. of Mich. Consumer Confidence

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

Mon. – Eaton Corp.(ETN), Hasbro(HAS), Johnson Controls(JCI), Lexmark(LXK), Legg Mason(LM), Lincare Holdings(LNCR), Texas Instruments(TXN), Boston Scientific(BSX), Halliburton(HAL)

Tues. – Sherwin-Williams(SHW), Comerca(CMA), Southwest Airlines(LUV), BlackRock(BLK), Coca-Cola(KO), United Technologies(UTX), Freeport-McMoRan(FCX), Forest Labs(FRX), Caterpillar(CAT), Illinois Tool Works(ITW), AK Steel(AKS), Continental Air(CAL), Robert Half(RHI), United Health(UNH), Stryker(SYK), Advanced Micro Devices(AMD), Linear Tech(LLTC), Illumina(ILMN), Starbucks(SBUX), QLogic Corp.(QLGC), BJ Services(BJ), Schering-Plough(SGP), UAL Corp.(UAUA), TD Ameritrade(AMTD), Peabody Energy(BTU), State Street(STT), Yahoo!(YHOO), Royal Caribbean(RCL), Sybase(SY), Lockheed Martin(LMT), Apple Inc.(AAPL), Merck(MRK)

Wed. – US Bancorp(USB), SunTrust Banks(STI), Whirlpool Corp.(WHR), Bank of New York(BK), PF Chang’s(PFCB), PepsiCo(PEP), Altria Group(MO), St Jude Medical(STJ), Keycorp(KEY), Boeing Co(BA), Wells Fargo(WFC), F5 Networks(FFIV), Chipotle Mexican Grill(CMG), Qualcomm Inc.(QCOM), E*Trade(ETFC), eBay Inc.(EBAY), VMware(VMW), SanDisk(SNDK), Mosaic(MOS), Genzyme(GENZ), Eli Lilly(LLY), Morgan Stanley(MS), Stanley Works(SWK), Pfizer(PFE), Intuitive Surgical(ISRG), Delta Air(DAL), Domino’s(DPZ), Alliance Data(ADS)

Thur. – Omnicom(OMC), Starwood Hotels(HOT), McDonald’s(MCD), L-3 Communications(LLL), Manpower(MAN), CME Group(CME), Ford Motor(F), Zimmer Holdings(ZMH), Wyeth(WYE), Raytheon(RTN), United Parcel Services(UPS), AT&T(T), EMC Corp.(EMC), Ryder System(R), Burlington Northern(BNI), Capital One(COF), Kla-Tencor(KLAC), Microsoft(MSFT), Juniper Networks(JNPR), Chubb Corp.(CB), American Express(AXP), Broadcom(BRCM), Deckers Outdoor(DECK), US Airways(LCC), Hershey(HSY), Diamond Offshore(DO), Occidental Petroleum(OXY), 3M Co(MMM), Amazon.com(AMZN), Lattice Semi(LSCC), Intl Game Tech(IGT), Bristol-Myers(BMY), Kimberly-Clark(KMB), Nucor(NUE), Celgene(CELG), CA Inc.(CA), Newmont Mining(NEM), Northrop Grumman(NOC)

Fri. – Black & Decker(BDK), Fortune Brands(FO), Ingersoll-Rand(IR), LM Ericsson(ERIC), Schlumberger(SLB)

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

Mon. – The Fed’s Lockhart speaking, (LM) shareholders meeting

Tue. – Fed Chairman Bernanke’s monetary policy testimony before House, (BEC) analyst event, (NRG) shareholders meeting

Wed. – Fed Chairman Bernanke’s monetary policy testimony before House, (MCK) shareholders meeting

Thur. – The Fed’s Tarullo testifying on systemic risk before Senate, Fed board meeting on home loan rules

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as less financial sector pessimism, lower long-term rates, technical buying and mostly positive earnings reports offset more shorting and profit-taking. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.