Dow Jones: 17,873.22 pts (+44.93pts, +0.25%)
U.S. stocks regained traction and traded higher on a lighter volume after Janet Yellen commented that rate hike is appropriate in the coming months.

FBM KLCI: 1,637.19 pts (+6.10pts, +0.37%)
The FBM KLCI rebounded positively above the EMA9 level, poise for more upward move towards the 1,660 level.

Crude Palm Oil: RM2,559 (-RM20, -0.78%)
Crude palm oil ended lower, tracking the overnight losses in global crude oil price. Price rejected the RM2,600 level, forming a shooting star formation.

WTI Crude Oil: $49.33 (-$0.05, -0.10%)
WTI crude oil stayed sideways slightly below the US$50 per barrel mark over the past three trading days. Monitor for a breakout above US$50.

Gold: $1,212.38 (-$7.64, -0.62%)
Gold prices extended its drop for almost two trading weeks as hedge funds decided to take a breather from gold as the interest rate hike is likely to be imposed next month.

Economic Releases:
Eurozone - European Commission Consumer Confidence Indicator - 30May16, 5:00PM
Eurozone - European Commission Manufacturing Confidence - 30May16, 5:00PM

Bursa Malaysia Trade Statistics - 27 May 16
Institutions:  Net SELL 25.4 mln (49.7%)
Retail:  Net SELL 14.7 mln (17.1%)
Foreign:  Net BUY 40.1 mln (33.2%)

Potential Momentum Stocks - 30 May 16 
Stock Name: BIOHLDG (0179)
Entry: Buy above RM0.385
Target: RM0.42 (9.1%), RM0.45 (16.9%)
Stop: RM0.375 (-2.6%)
Technical: Flag breakout

Stock Name: OPENSYS (0040)
Entry: Buy above RM0.305
Target: RM0.33 (8.2%), RM0.35 (14.8%)
Stop: RM0.29 (-4.9%)
Technical: Potential breakout

Source: Bloomberg, M+ Online

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