Traders will have their plates full with earnings reports in the coming week. But they may want to save some room for Fed Chairman Alan Greenspan's remarks from Capitol Hill.

"Even if the strong earnings continue next week, there's a good chance the markets will consolidate from the highs," says Randy Diamond, sales trader at Miller Tabak. "The extent of the decline depends on what Greenspan says next Wednesday about monetary policy."

Diamond believes there is a good chance Greenspan will sound more "hawkish" due to continued evidence of a strong economy and rising leverage risk.

The earnings tide starts rolling on Monday, with quarterly earnings releases from companies including 3M ( MMM), Bank of America ( BAC), Citigroup ( C) and Stanley Furniture ( STLY).

Also scheduled for Monday is a report from IBM ( IBM).

On Tuesday the earnings lineup includes big-hitters like Amgen ( AMGN), Boston Scientific ( BSX) and Ford ( F).

Also on tap for Tuesday are tech powerhouses Juniper Networks ( JNPR), Motorola ( MOT) and Intel ( INTC).

Yahoo! ( YHOO) will also be providing earnings information. Analysts expect to see earnings of 13 cents a share, up from 8 cents last year, on $881 million in sales.

The hectic pace continues on Wednesday with Altria Group ( MO), CIT ( CIT), E*Trade ( ET) and eBay ( EBAY) taking the stage.

Thursday will be equally fast and furious on the earnings front, with companies such as AmerisourceBergen ( ABC), Avid Technology ( AVID), Broadcom ( BRCM), Caterpillar ( CAT) and D.R. Horton ( DHI).

Also on Thursday will be Dow Jones ( DJ), Eli Lilly ( LLY) and EMC ( EMC).

Perhaps the most heavily watched earnings release of the day will be Google ( GOOG). Analysts expect the search giant to make $1.20 a share, up from 58 cents last year, on $841 million in sales.

Things cool off a bit on Friday, but not much with Becton Dickinson ( BDX), Fortune Brands ( FO), Maytag ( MYG) and Schlumberger ( SLB) reporting.

The Economy Still Matters

The Treasury International Capital flows report arrives on Monday. The TIC report reflects how much money is flowing into U.S. stock and bond markets from overseas to finance the current account and trade deficits. Paul Mendelsohn, strategist at Windham Financial, says the flows may have improved of late with the stronger dollar, but it's an increasingly important number since we've been light the past two months.

June housing starts will be released on Tuesday morning. The forecast is for 2.075 million, up from 2.01 million the prior month.

"It will be interesting to see if the Fed has taken any froth out of the housing markets, especially with Greenspan speaking later in the week," says Rich Yamarone, economist at Argus Research.

Greenspan will be speaking before Congress on Wednesday and Thursday. Nevertheless, Mendelsohn does not expect the maestro to command as much attention from traders as usual.

"I don't expect him to shed anymore light than he usually does, and most minds are made up about the direction of interest rates anyway," says Mendelsohn. "But perhaps in conjunction with the release of the June FOMC minutes on Thursday we may get a better idea what the Fed is thinking."

Leading economic indicators for June will also hit the market on Thursday. Economists estimate a rise of 0.5% compared with a decline of 0.5% last month.

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