Dow Jones: 17,830.76 pts (-210.79pts, -1.17%)
Wall Street plunged for another session led by renewed selling pressure on Apple Inc. after Icahn commented that he reduced his stakes in Apple, overshadowing corporate deals and strong results from Facebook.  

FBM KLCI: 1,674.76 pts (-17.58pts, -1.04%)
Selling pressure intensified, the FBM KLCI may end lower today tracking the negative sentiments from the overseas markets. Further support of the FBM KLCI will be pegged around 1,650-1,660.

Crude Palm Oil: RM2,601 (-RM32, -1.22%)
Crude palm oil prices declined near to seven-week low as soybean oil drops. The CPO may perform a technical rebound as it is hovering around the support of RM2,600 level.

WTI Crude Oil: $46.03 (+$0.70, +1.53%)
Despite an increased in US crude inventories to 540 mln barrels last week, crude oil hit a fresh 2016 high for the third consecutive day on the back of weaker dollar,. The uptrend may be sustainable towards US$50.

Gold: $1,266.26 (+$20.43, +1.64%)
Gold ended higher after stocks endured another round of pullback, gold price may experience the rally towards the $1,300 level.

Economic Releases:
Eurozone - Euro Area Gross Domestic Product Chained 2010 Prices - 29 Apr 16, 5:00PM
Eurozone - Eurostat Unemployment Eurozone - 29 Apr 16, 5:00PM
US - ISM Milwaukee Purchasers Manufacturing Index - 29 Apr 16, 9:00PM
US - MNI Chicago Business Barometer- 29 Apr 16, 9:45PM
US - University of Michigan Consumer Sentiment Index - 29 Apr 16, 10:00PM

Bursa Malaysia Trade Statistics - 28 Apr 16
Institutions:  Net BUY 65.1 mln (60.1%)
Retail:  Net BUY 64.5 mln (14.2%)
Foreign:  Net SELL 129.6 mln (25.7%)

Potential Momentum Stocks (29 Apr 16):
Stock Name: POS (4634)
Entry: Buy around RM2.80
Target: RM3.07 (9.6%), RM3.31 (18.2%)
Stop: RM2.70 (-3.6%)
Technical: Bullish engulfing bar

Stock Name: PENERGY (5133)
Entry: Buy around RM1.290
Target: RM1.38 (7.0%), RM1.49 (15.5%)
Stop: RM1.22 (-5.4%)
Technical: Potential symmetrical triangle breakout

Source: Bloomberg, M+ Online

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