In last week, STI gain 13 points from the opening of 3270 and close higher at 3283. A black candle sticks with long upper shadow indicates that investors are unwilling to buy the stocks any higher.

Key Economics Data report:

In this coming week, homebuilder sentiment Tuesday, housing starts Wednesday and existing-home sales Thursday could provide a good look at how the housing market is faring. The Fed also releases minutes of its last meeting on Wednesday and there is much interest in what officials will say about their extraordinary easing policies.

At the December meeting, several Fed members said they wanted to stop quantitative easing by the end of this year. The Fed is currently buying $85 billion in Treasury and mortgage securities monthly, under the program. But since the December meeting minutes were released in January, Treasury rates have risen and the 10-year note yield has ...