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.

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