Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for Stocks to Watch 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. – Weekly retail sales reports, Preliminary 2Q Non-farm Productivity, Preliminary 2Q Unit Labor Costs, Wholesale Inventories, IDB/TIPP Economic Optimism, ABC Consumer Confidence

Wed. – Bloomberg Global Confidence Index, Weekly MBA Mortgage Applications report, Weekly EIA energy inventory report, Trade Deficit, Monthly Budget Statement, FOMC rate decision

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

Fri. – Consumer Price Index, Industrial Production, Capacity Utilization, Univ. of Mich. Consumer Confidence

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

Mon. – Dish Network(DISH), Sysco Corp.(SYY), priceline.com(PCLN), Dynegy(DYN), Flour Corp.(FLR), McDermott(MDR)

Tues. – Bob Evans(BOBE), Warnaco Group(WRC), Fossil(FOSL), Dendreon(DNDN), Applied Materials(AMAT)

Wed. – Liz Claiborne(LIZ), Advance Auto Parts(AAP), Macy’s(M), Sara Lee(SLE), Ethan Allen(ETH)

Thur. – Royal Gold(RGLD), Urban Outfitters(URBN), Dr Pepper Snapple(DPS), Wal-Mart(WMT), Kohl’s(KSS), Nordstrom(JWN), Estee Lauder(EL), DeVry(DV), Autodesk(ADSK)

Fri. – Abercrombie & Fitch(ANF), JCPenney(JCP)

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

Mon. – Pacific Crest Tech Forum

Tue. – Pacific Crest Tech Forum, CanaccordAdams Growth Conference, Oppenheimer Communications/Tech/Internet Conference, Morgan Keegan Security/Safety/Defense Conference, Morgan Keegan Tech Conference, Jeffries Industrial Summit

Wed. – CanaccordAdams Growth Conference, Oppenheimer Communications/Tech/Internet Conference, Jeffries Industrial Summit

Thur. – (ERIC) investor relations forum, (ATV) general meeting, CanaccordAdams Growth Conference, UBS Engineering & Construction Conference, (MF) shareholders meeting, (MDCI) shareholders meeting, (RHT) shareholders meeting, (QSII) shareholders meeting

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as less financial sector pessimism, diminishing economic fear, declining commercial real estate worries, investment manager performance anxiety and mostly positive earnings reports offset more shorting, Chinese asset bubble concerns, healthcare reform worries, profit-taking and higher long-term rates. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.