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. – Existing Home Sales

Tues. – House Price Index, Richmond Fed Manufacturing Index, weekly retail sales reports

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory report, Durable Goods Orders, New Home Sales

Thur. – Final 4Q GDP, Final 4Q Personal Consumption, Final 4Q GDP Price Index, Final 4Q Core PCE, Initial Jobless Claims

Fri. – Personal Income, Personal Spending, PCE Core, Univ. of Mich. Confidence

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

Mon. – Tiffany & Co.(TIF), Walgreen Co.(WAG), Phillips-Van Heusen(PVH)

Tues. – Williams-Sonoma(WSM), Jabil Circuit(JBL), Carnival Corp.(CCL)

Wed. – Paychex(PAYX), Red Hat(RHT)

Thur. – Dr. Pepper Snapple(DPS), ConAgra Foods(CAG), Best Buy(BBY), GameStop(GME), Lennar Corp.(LEN)

Fri. – None of note

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

Mon. – Geithner Addressing Future of Finance Initiative Conference, (CRM) analyst day, (GLW) investors meeting, Howard Weil Energy Conference

Tue. – The Fed’s Evans speaking, Fed’s Bullard speaking, Geithner/Bernanke Testifying on Rescue of AIG, Howard Weil Energy Conference, (SNX) shareholders meeting, (SIGI) investor day

Wed. – The Fed’s Pianalto speaking, Fed’s Yellen speaking, (ADP) analyst meeting, Howard Weil Energy Conference, (MKC) shareholders meeting, (GLW) investor luncheon, Think Equity ThinkGreen Conference, Lazard Medical Device Tech Conference, (BIIB) R&D Day, (CIEN) shareholders meeting

Thur. – The Fed’s Lockhart speaking, Fed’s Lacker speaking, Geithner Testifying on Financial Market Regulation, Fed’s Fisher speaking, Fed’s Lacker speaking, Fed’s Stern speaking, Needham Healthcare Conference, (LXK) analyst meeting, (SRE) analyst meeting, Lazard Medical Device Tech Conference, (HIG) special meeting of shareholders, Think Equity ThinkGreen Conference

Fri. – (POM) analyst meeting

BOTTOM LINE: I expect US stocks to finish the week mixed as less credit market angst, declining economic fear, lower energy prices and diminishing financial sector pessimism offset more shorting and profit-taking. My trading indicators are giving mostly bullish signals and the Portfolio is 75% net long heading into the week.