Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – Empire Manufacturing, Net Long-term TIC Flows, Industrial Production, Capacity Utilization, NAHB Housing Market Index

Tues. – Producer Price Index, Housing Starts, Building Permits, weekly retail sales reports

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, Consumer Price Index, Current Account Balance, FOMC Rate Decision

Thur. – Initial Jobless Claims, Leading Indicators, Philly Fed, weekly EIA natural gas inventory report

Fri. – None of note

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

Mon. – None of note

Tues. – Darden Restaurants(DRI), Adobe Systems(ADBE), Factset Research(FDS), Guess?(GES)

Wed. – General Mills(GIS), FedEx Corp.(FDX), Nike Inc.(NKE), Oracle(ORCL), Cintas(CTAS)

Thur. – Barnes & Noble(BKS), Discover Financial(DFS), Ross Stores(ROST), Borders Group(BGP), Carnival Corp.(CCL), Childrens Place(PLCE), Palm Inc.(PALM)

Fri. – None of note

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

Mon. – Cowen Healthcare Conference, (AGO) Shareholders Meeting

Tue. – Cowen Healthcare Conference, Jeffries Global Clean Tech, JPMorgan Gaming/Lodging/Restaurant/Leisure Conference

Wed. – The Fed’s Cole Testifies on Risk Mgmt Oversight, (INTC) Software Strategy, Cowen Healthcare Conference, (AIZ) Investor Day, (NEM) Analyst Day, (CRI) Analyst Meeting, (KMT) Analyst Meeting, Jeffries Global Clean Tech, JPMorgan Gaming/Lodging/Restaurant/Leisure Conference

Thur. – The Fed’s Cole Testifies on Bank Regulation, Cowen Healthcare Conference, GE Capital Investor Meeting, Jeffries Global Clean Tech, UBS Specialty Chemicals Conference, (HRS) Analyst Meeting

Fri. – Fed Chairman Bernanke speaks on “The Financial Crisis and Community Banking”

BOTTOM LINE: I expect US stocks to finish the week mixed as short-covering, less credit market angst and diminishing financial sector pessimism offset profit-taking and economic worries. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.