In last week, STI gain a solid 135 points from the opening of 2936 and close higher at 3071 as investors buy on attractive valuation. A long white candle stick with little upper/lower shadow indicates that investors are bullish on the earning report in April.

Key Economics Data report:

Window Dressing: Traders expect bias towards rally in the stock market as investors will make portfolio adjustments ahead of the first quarter ended on Thursday.

In the coming week, investors will likely to switch their focus to economic data especially the important March US jobs report on Friday. In addition, traders may be looking forward to the coming earnings season in April and temporarily ignore the impact of big events such as Japan earthquake and the increase of crude oil prices.

Technical Analysis on STI

STI index has been re-tested the minor resistance at 3070 and closed above for the first ...