In last week, STI gain 55 points from the opening of 3294 and close higher at 3349. A white candle stick with short lower shadow indicates that investors have no qualm on buying the stocks higher.

Key Economics Data report:

The Federal Reserve is expected to repeat its dovish message in the coming week, providing a potential safety net for markets facing a wave of earnings and the important April jobs report.

The Fed is expected to reaffirm that it will continue with its quantitative easing policy, or asset purchases. It may tweak its comments to reflect a weaker economy. But there is unlikely to be any talk of “tapering” off of the Fed’s $85 billion in monthly Treasury and mortgage securities purchases, which had been raised by some Fed members.

Technical Analysis on STI

STI index broke the resistance at 3325 and close above this level after several attempts ...