In last week, STI gain 33 points from the opening of 3192 and close higher at 3225. A white candle sticks with short upper shadow indicates that investors have no qualm on buying higher.
Key Economics Data report:
In the past week, S&P500 gain 4.6 percent and closed at a new five-year high of 1,466 Friday. It is one point above September’s high, a level not seen since December 2007, before the financial crisis hit and sent the S&P reeling to its March 2009 low of 666.
The fourth-quarter earnings season kicks off Tuesday with Alcoa, the first Dow component to report. There are a handful of other major companies reporting in the week ahead and economic reports, including weekly jobless claims and trade data.
Technical Analysis on STI
STI index had broke the resistance at 3215 in this week and close slightly above at 3225.
1) In weekly ...
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