In last week, STI gain a solid 101 points from the opening of 2878 and close higher at 2979. A white candle sticks with little upper shadow indicates investors have no qualm buying higher.

Key Economics Data report:

In the coming week, the second quarter US earnings season kicks off with just a few reports, but they will be important early looks at whether the fallout from Europe and the slower global growth is hurting corporate.

After Friday’s disappointing U.S. June payrolls, Thursday’s weekly jobless claims will be monitored as will the minutes of the last Federal Reserve meeting Wednesday. But more important is a batch of fresh Chinese data, starting off Monday with inflation and export data, and winding down Friday with GDP, retail sales, and industrial output.

Technical Analysis on STI

STI index had broke the resistance at 2962 in this week which paint a bullish picture ...