Weekly Outlook

Click here for The Week Ahead by Reuters

Click here for the Bloomberg US Equity Monday Preview

There are some economic reports of note and a few significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. – ISM Manufacturing, ISM Prices Paid

Tues. – Pending Home Sales, Factory Orders, Total Vehicle Sales, weekly retail sales reports

Wed. – All US markets closed

Thur. – weekly MBA mortgage applications report, weekly EIA energy inventory report, Challenger Job Cuts, ADP Employment Change, Initial Jobless Claims, ISM Non-Manufacturing

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings

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

Mon. – 99 Cents Only Stores(NDN)

Tues. – None of note

Wed. – All US markets closed

Thur. – Healthways(HWAY), International Rectifier(IRF),

Fri. – Laidlaw Intl.(LI)

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

Mon. – None of note

Tue. – None of note

Wed. – All US markets closed, BOE Policy Meeting

Thur. – BOE Policy Meeting, ECB Policy Meeting

Fri. – The Fed’s Yellen speaking

BOTTOM LINE: I expect US stocks to finish the week modestly higher on declining long-term rates, subsiding terrorism fears, diminished sub-prime concerns, lower energy prices, bargain hunting, better-than-expected earnings reports and short-covering. My trading indicators are giving mixed signals and the Portfolio is 100% net long heading into the week.