Sunday, August 07, 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 US debt/tax hike worries, financial sector pessimism, eurozone debt angst, global growth concerns and emerging market inflation fears offset short-covering, bargain-hunting, buyout/buyback speculation and falling food/energy prices. 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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