Dow Jones: 17,706.05 pts (+213.12pts, +1.22%)
U.S. equities rocketed strongly, gaining more than 200 pts after a surge in April home sales fuelled speculation of the economy could withstand higher interest rates. Also, crude oil and dollar were both traded higher.

FBM KLCI: 1,625.84 pts (-9.05pts, -0.55%)
The FBM KLCI extended its move below the EMA9 level yesterday as selling activities were noted among selected banking heavyweights. However, tracking the strong performance on the overnight Dow, buying support may emerge and send the FBM KLCI higher above the 1,640 level, targeting the 1,660 level.

Crude Palm Oil: RM2,502 (+RM10, +0.40%)
Crude palm oil recovered from a three-month low, surging above the RM2,500 per metric tonne amid weaker Ringgit. 

WTI Crude Oil: $48.62 (+$0.54, +1.14%)
WTI crude oil may be forming a sideways consolidation breakout, which the immediate resistance will be envisaged around the US$50 per barrel mark. 

Gold: $1,227.21 (-$21.92, -1.75%)
Gold continues to dive, posting longest slump in six months on the back of the speculation that the Fed will raise interest rates next month.

Economic Releases:
US - MBA US US Mortgage Market Index - 25 May 16, 7:00PM
US - FHFA US House Price Index - 25 May 16, 9:00PM

Bursa Malaysia Trade Statistics - 24 May 16
Institutions:  Net BUY 311.6 mln (56.5%)
Retail:  Net BUY 6.9 mln (16.3%)
Foreign:  Net SELL 318.5 mln (27.2%)

Potential Momentum Stocks - 25 May 16 
Stock Name: CAREPLS (0163)
Entry: Buy above RM0.42
Target: RM0.45 (7.1%), RM0.48 (14.3%)
Stop: RM0.40 (-4.8%)
Technical: Potential consolidation breakout

Stock Name: OKA (7140)
Entry: Buy above RM1.08
Target: RM1.15 (6.5%), RM1.20 (11.1%)
Stop: RM1.04 (-3.7%)
Technical: Rebounded off support

Source: Bloomberg, M+ Online

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