Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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. – None of note

Tues. – Weekly retail sales reports, Final 3Q GDP, Final 3Q Personal Consumption, Final GDP Price Index, Final 3Q Core PCE, Univ. of Mich. Consumer Confidence, New Home Sales, Existing Home Sales, House Price Index, Richmond Fed Manufacturing Index

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory data report, Personal Income, Personal Spending, PCE Deflator, PCE Core, Durable Goods Orders, Initial Jobless Claims

Thur. – US Markets Closed

Fri. – None of note

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

Mon. – Walgreen Co.(WAG), Red Hat(RHT)

Tues. – Micron Technology(MU), American Greeting(AM)

Wed. – None of note

Thur. – US Markets Closed

Fri. – None of note

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

Mon. – None of note

Tue. – (GW) special shareholders meeting, (PNC) special shareholders meeting, (WTBA) shareholders meeting

Wed. – None of note

Thur. – None of note

Fri. – (MVCO shareholders meeting

BOTTOM LINE: I expect US stocks to finish the week higher on seasonal strength, diminishing financial sector pessimism, lower mortgage rates, bargain-hunting, short-covering, decliuning credit market angst and less forced selling. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.