In last week, STI lost 21 points from the opening of 3011 and close higher at 2990. A black candle sticks with little lower shadow affirms that investors have no qualms in selling the stocks lower.

Key Economics Data report:

In the past quiet week for economic data and earnings, investors will have to dig deeper for more positive data.

In the coming week, investors will pore over data which they hope will contradict the mostly negative U.S., China and Europe reports out in the past week, and serve as a beacon for a good first-quarter earnings season.

Technical Analysis on STI

STI index has drop slightly below the critical resistance at 3005 as investors fear at the critical resistance.

1) In weekly chart, a black candle sticks with short lower shadow which affirms on the selling pressure from the traders.

2) The weekly trading volume remains low as investors ...