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. – Chicago Fed Nat Activity Index

Tues. – S&P/CaseShiller Home Price Index, Consumer Confidence, Richmond Fed Manufacturing Index, weekly retail sales reports, House Price Index, ABC Consumer Confidence

Wed. – Weekly MBA mortgage applications report, Durable Goods Orders, New Home Sales

Thur. – Preliminary 2Q GDP, Preliminary 2Q Personal Consumption, Preliminary 2Q GDP Price Index, Preliminary 2Q Core PCE, Initial Jobless Claims

Fri. – Personal Income, Personal Spending, PCE Core, Univ. of Mich. Consumer Confidence

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

Mon. – Winn-Dixie(WINN)

Tues. – Burger King(BKC), Corinthian Colleges(COCO), Chico’s FAS(CHS), Medtronic(MDT), Staples(SPLS), Myriad Genetics(MYGN), Intl Rectifier(IRF), Big Lots(BIG), Sanderson Farms(SAFM)

Wed. – Williams-Sonoma(WSM), Coldwater Creek(CWTR), DSW Inc.(DSW), Charming Shops(CHRS), Guess? Inc(GES), Dollar Tree(DLTR), Jo-Ann Stores(JAS)

Thur. – Toll Brothers(TOL), Novell(NOVL), Micros Systems(MCRS), Bebe Stores(BEBE), Omni Vision Technologies(OVTI), Dell Inc.(DELL), American Eagle(AEO), Fred’s(FRED), J Crew Group(JCG)

Fri. – Tiffany & Co.(TIF), Frontline(FRO)

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

Mon. – $31 bln 3-month Treasury Bill Auction, $30 bln 6-month Treasury Bill Auction

Tue. – $27 bln 1-year Treasury Bill Auction, $42 bln 2-year Treasury Note Auction, Piper Jaffray Semi Summit, Jeffries Conference

Wed. – The Fed’s Lockhart speaking, Fed’s Bullard speaking, $39 bln 5-year Treasury Note Auction, Morgan Stanley Semi/Semi Equipment Conference

Thur. – The Fed’s Lacker speaking, Fed’s Bullard speaking, (ATPG) analyst breakfast, $28 bln 7-year Treasury Note Auction, (MDT) annual meeting

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week modestly higher on less financial sector pessimism, diminishing economic fear, short-covering, technical buying and investment manager performance anxiety. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.