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 just 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, NAHB Housing Market Index

Tues. – Producer Price Index, Housing Starts, Industrial Production, Capacity Utilization, weekly retail sales report

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

Thur. – Initial Jobless Claims, Leading Indicators, Philly Fed

Fri. – None of note

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

Mon. – None of note

Tues. – Smithfield Foods(SFD), Factset Research(FDS), Best Buy(BBY), Adobe Systems(ADBE)

Wed. – FedEx Corp.(FDX)

Thur. – John Wiley(JW/A), JM Smucker(SJM), Discover Financial(DFS), Carnival Corp.(CCL)

Fri. – Carmax(KMX)

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

Mon. – The Fed’s Duke speaking, Fed’s Evans speaking, Fed’s Tarullo speaking, (IACI) shareholders meeting, (HLIT) analyst call

Tue. – The Fed’s Warsh speaking, (NVDA) analyst day

Wed. – The Fed’s Bernanke speaking, Fox-Pitt Kelton Small/Mid-cap Bank Conference, Jeffries Healthcare Conference, (MAT) analyst conference

Thur. – The Treasury’s Geithner testifying before the House, Jeffries Healthcare Conference, Fox-Pitt Kelton Small/Mid-cap Bank Conference, (AAP) investor day

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week modestly higher on lower long-term rates, technical buying, falling credit market angst, diminishing financial sector pessimism, investment manager performance anxiety and lower energy prices. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.