In last week, STI lost 24 points from the opening of 3201 and close lower at 3177. A black candle stick with short upper shadow indicates that investors have no qualms on selling the stocks lower.

Key Economics Data report:

Stocks ride a strong tailwind into the week ahead, but the Fed could remain a source of nervousness if interest rates continue to rise.

The earnings season winds down in the coming week, with Wal-Mart’s report Thursday. Macy’s reports Wednesday and Nordstrom and Kohl’s, on Thursday.

There is also some economic data on the calendar, including inflation data Thursday and Friday.

Chinese inflation data, industrial production and retail sales, expected over the weekend, will be a focus early in the week, and energy markets are paying close attention to high-level talks in Geneva on Iran’s nuclear program for any signs of a thaw in sanctions barring its sale of oil.

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