In last week, STI gains a solid 66 points from the opening of 3170 and close higher at 3236. A white candle stick with short upper/lower shadow indicates on the slight profit taking.

Key Economics Data report:

Dozens of earnings reports and two days of Federal Reserve testimony could make the coming week a tense time for bulls, who are hoping to see stocks keep breaking out to new highs.

There are a number of important economic reports, including retail sales Monday; CPI and industrial production Tuesday, and weekly jobless claims Thursday. But even before the first U.S. economic report, markets will be keenly focused on an important data release on China’s second-quarter GDP,released Sunday and expected to disappoint.

Technical Analysis on STI

STI broke the critical resistance at 3234 in last week and close right at 3236 level.

1) In weekly chart, a white candle stick with short ...