Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Tuesday by MarketWatch.

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

Economic reports for the week include:

Mon. – US markets closed

Tues. – Empire Manufacturing, Total Net TIC Flows, NAHB Housing Market Index

Wed. – Weekly retail sales reports, weekly MBA mortgage applications report, Import Price Index, Housing Starts, Building Permits, Industrial Production, Capacity Utilization, Minutes of Jan 28^th FOMC Meeting

Thur. – Producer Price Index, Initial Jobless Claims, Leading Indicators, Philly Fed

Fri. – Consumer Price Index

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

Mon. – US markets closed

Tues. – Louisiana-Pacific(LPX), Transocean (RIG), Wal-Mart(WMT), Medtronic(MDT), Agilent Technologies(A), Jack in the Box(JACK), Chesapeake Energy(CHK)

Wed. – Owens Corning(OC), Comcast(CMCSA), Goodyear Tire(GT), Analog Devices(ADI), Itron Inc.(ITRI), CBS Corp.(CBS), Ingram Micro(IM), Synopsys(SNPS), Hewlett-Packard(HPQ), Whole Foods(WFMI), Advance Auto(AAP), Priceline.com(PCLN), Constellation Energy(CEG), OfficeMax(OMX), Deere(DE)

Thur. – Williams Cos(WMB), Expedia(EXPE), Barnes Group(B), Sprint Nextel(S), CVS Caremark(CVS), Apache Corp.(APA), Career Education(CECO), Intuit(INTU), Newmont(NEM), Wynn Resorts(WYNN), XTO Energy(XTO)

Fri. – JC Penney(JCP), Campbell Soup(CPB), Blackstone(BX), MGM Mirage(MGM), Lowe’s(LOW), Zale Corp.(ZLC)

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

Mon. – US markets closed

Tue. – The Fed’s Bullard speaking, (OMTR) analyst meeting, Morgan Stanley Basic Materials Conference, Roth Growth Stock Conference

Wed. – The Fed’s Pianalto speaking, Fed’s Bernanke speaking, Fed’s Evans speaking, Kaufman Bros. Green Tech Conference, Morgan Stanley Basic Materials Conference, Roth Growth Stock Conference

Thur. – The Fed’s Lockhart speaking, (PVTB) Investor Day, (AIPC) shareholders meeting, (SAFM) annual meeting(CBE$) annual outlook, Oppenheimer REITs/Real Estate Forum, CSFB Paper Conference, Piper Clean Tech Conference, (CR) analyst conference, Oppenheimer Semi Summit, CIBC Institutional Investor Conference

Fri. – (BEAV) Investor Meeting

BOTTOM LINE: I expect US stocks to finish the week modestly higher on bargain-hunting, technical buying, declining credit market angst, less severe economic fear, falling financial sector pessimism and short-covering. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.