In last week, STI lost 24 points from the opening of 3010 and close higher at 2986. A black candle sticks with little upper/lower shadow affirms that the rally has lost its strength.

Key Economics Data report:

On Friday, the disappointing March employment report released when the market was closed could send stocks lower on Monday. The economy added just 120,000 nonfarm payrolls in March, well below the 203,000 expected by economists.

In additon, Dow was down 1.2 percent to 13,060 in the past week, and the S&P 500 was down 0.7 percent at 1398.

Technical Analysis on STI

STI index has closed lower than the critical resistance at 3005 as investors remains fearful on the resistance at 3030.

1) In weekly chart, a black candle sticks with short upper/lower shadow which indicates on the hesitant of the rally as STI continue to be in the consolidation mode.

2) The ...