Dow Jones: 18,053.60 pts (+49.44pts, +0.27%)
Wall Street extended its uptrend position for another day on the back of buying interest; the Dow stayed above the 18,000 level, while the S&P 500 closed above the 2,100 level for the first time since 1st of Dec. US Dollar fell to its weakest level since June.

FBM KLCI: 1,711.15 pts (-6.53pts, -0.38%)
Despite the strong sentiments from the US stockmarkets, the FBM KLCI traded below the EMA20 level led by Maybank and Genting. The FBM KLCI is likely to turning into a pullback mode and revisit the 1,700 level.

Crude Palm Oil: RM2,688  (+RM20, +0.75%)
CPO rebounded for another day above the EMA9 level as dry weather continues to stay over the near term. The CPO prices may extend its position towards the RM2,800 level.

WTI Crude Oil: $41.08  (+$1.30, +3.22%)
Crude oil snapped a 5-day losing streak as a strike in Kuwait cut output from OPEC’s fourth biggest member and the tumbling dollar bolstered demand for commodities.

Gold: $1,250.19  (+$17.47, +1.42%)
Gold managed to rebound above the immediate support of $1,224. Expect the price to rally towards the $1,284 level.

Economic Releases:
US MBA US Mortgage Market Index – 20 Apr 16, 7:00PM
US Existing Home Sales – 20Apr16, 10:00PM

Bursa Malaysia Trade Statistics - 19 Apr 16
Institutions:  Net BUY 52.8 mln (64.8%)
Retail:  Net Buy 8.3 mln (15.2%)
Foreign:  Net SELL 61.1 mln (20.0%)

Potential Momentum Stocks (20 Ap r16):
Stock Name: HHGROUP (0175)
Entry: Buy above RM0.43
Target: RM0.475 (10.5%), RM0.55 (27.9%)
Stop: RM0.41 (-4.7%)
Technical: Short term breakout

Stock Name: TEKSENG (0102)
Entry: Buy above RM1.11
Target: RM1.28 (15.3%)
Stop: RM1.08 (-2.7%)
Technical: Sideways breakout

Source: Bloomberg, M+ Online

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