In last week, STI lost a solid 56 points from the opening of 3449 and close lower at 3393. A black candle stick with short upper/lower shadow indicates investors have no qualms on selling the stocks lower.

Key Economics Data report:

Markets will be hyper-focused on the economy in the week ahead and whether there’s any sign it is getting strong enough to encourage the Federal Reserve to start pulling back the security blanket of quantitative easing.

In the holiday-shortened week, none of the data will make a huge difference in the Fed’s decision-making, but it will add to the picture on the economy. There is consumer confidence, pending home sales, personal income, and revised first-quarter gross domestic product. But weekly jobless claims Thursday could be the most anticipated because of what it might say about the job market, a week before the June 7 release of the crucial ...