Dow Jones: 17,740.63 pts (+79.92pts, +0.45%)
U.S. equities halted a three-day drop after the smallest jobs gain in seven months fuelled speculation that the Fed will look to raise interest rates on a gradual pace.

FBM KLCI: 1,649.36 pts (+4.27pts, +0.26%)
Selling activities may have been overdone and technical rebound should be forming over the near term within the FBM KLCI as the RSI is suggesting an oversold status on the key index and may rebound towards the resistance of the 1,660 level. 

Crude Palm Oil: RM2,628 (-RM1, -0.04%)
Crude palm oil prices are likely to stay sideways and mixed ahead of the official crop report from the Malaysia Palm oil Board. Meanwhile, the weaker Ringgit position may provide positive buying sentiment for foreign traders as it will make CPO cheaper for them. 

WTI Crude Oil: $44.66 (+$0.34, +0.79%)
Saudi could keep producing crude oil at near-record levels under the newly appointed oil minister, Khalid Al-Falih. On the crude oil trend, price has stabilised above the US$40 per barrel mark and it is likely to trade higher towards US$50 over the near term.

Gold: $1,288.99 (+$11.25, +0.88%)
Gold had the biggest gain in a week after U.S. employers added the fewest workers in seven months, indicating that the Fed may raise interest rates at a slower pace. As price is still up trending, next target will be pegged around US$1,300.

Bursa Malaysia Trade Statistics - 06May16
Institutions:  Net BUY 36.5 mln (56.5%)
Retail:  Net SELL 4.9 mln (15.9%)
Foreign:  Net SELL 31.6 mln (27.6%)

Potential Momentum Stocks - 09May16
Stock Name: TPC (7176)
Entry: Buy above RM0.46
Target: RM0.50 (8.7%), RM0.55 (19.6%)
Stop: RM0.44 (-4.3%)
Technical: Potential sideways breakout

Stock Name: MYCRON (5087)
Entry: Buy around RM0.450
Target: RM0.485 (7.8%), RM0.570 (26.7%)
Stop: RM0.415 (-7.8%)
Technical: Flag formation breakout

Source: Bloomberg, M+ Online

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