Sunday, December 28, 2008

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, S&P/CS Home Price Index, Chicago Purchasing Manager, Consumer Confidence

Wed. – Weekly MBA mortgage applications report, Initial Jobless Claims, NAPM-Milwaukee

Thur. US markets closed

Fri. – ISM Manufacturing, ISM Prices Paid

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

Mon. – None of note

Tues. – None of note

Wed. – McGraw-Hill(MHP)

Thur. US markets closed

Fri. – Finish Line(FINL)

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

Mon. – (FITB) shareholders meeting, (WINS) shareholders meeting, (EPEX) shareholders meeting

Tue. – None of note

Wed. – None of note

Thur. US markets closed

Fri. – None of note

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, declining 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.

No comments: