Sunday, May 23, 2010

Weekly Outlook

U.S. Week Ahead by MarketWatch (video).
Wall St. Week Ahead by Reuters.
Stocks to Watch Monday by MarketWatch.
Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week modestly higher on less financial sector pessimism, decreasing sovereign debt angst, bargain-hunting and short-covering. My intermediate-term trading indicators are giving mostly bearish signals and the Portfolio is 75% net long heading into the week.

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