Monday, January 17, 2011

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 mixed as more economic optimism, buyout speculation, technical buying, less financial sector pessimism, diminishing eurozone sovereign debt angst and mostly positive earnings reports offsets profit-taking, more shorting and China inflation worries. My intermediate-term trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.

No comments: