Dow Jones: 17,500.94 pts (+65.54pts, +0.38%)
Wall Street recouped and pared down some of the earlier losses as technology, financial and healthcare shares rally, despite the concerns over a potential hike in the upcoming month. 

FBM KLCI: 1,628.79 pts (-4.97pts, -0.30%)
The FBM KLCI continues to trend below the EMA9 level over the past four weeks. However, as the RSI is suggesting that the key index is oversold, monitor for a breakout above 1,640, targeting 1,660. Support will be set around 1,600.

Crude Palm Oil: RM2,528 (+RM9, +0.36%)
Crude palm oil rose marginally driven by a potential stronger demand ahead of the Ramadan fasting month, which historically the demand is likely to increase in India, Pakistan and West Asia. 

WTI Crude Oil: $48.41 (+$0.22, +0.46%)
WTI crude oil prices trended sideways as traders are cautious ahead of the OPEC meeting which will be held on 2nd of June in Vienna. 

Gold: $1,251.98 (-$2.78, -0.22%)
Gold extended its decline for the third losing streak and notched its biggest weekly decline in nearly two months as traders over the potential rate hike in the month of June.

Economic Releases:
Eurozone - Markit Eurozone Services PMI - 23 May 16, 4:00PM
Eurozone - Markit Eurozone Composite PMI - 23 May 16, 4:00PM
Eurozone - Markit Eurozone Manufacturing - 23 May 16, 4:00PM
US - Markit US Manufacturing PMI - 23 May 16, 9:45PM

Bursa Malaysia Trade Statistics - 20 May 16
Institutions:  Net BUY 222.4 mln (56.3%)
Retail:  Net BUY 1.4 mln (16.8%)
Foreign:  Net SELL 223.8 mln (26.9%)

Potential Momentum Stocks - 23 May 16 
Stock Name: CRESBLD (8591)
Entry: Buy above RM0.95
Target: RM1.00 (5.3%), RM1.03 (8.4%)
Stop: RM0.93 (-2.6%)
Technical: Rebound off support

Stock Name: HIL (8443)
Entry: Buy above RM0.850
Target: RM0.900 (5.9%), RM1.000 (17.6%)
Stop: RM0.825 (-2.9%)
Technical: Potential two-bar breakout

Source: Bloomberg, M+ Online

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