Dow Jones: 17,409.72 pts (+269.48pts, +1.57%)
Bargain hunting activities emerged after two-day plunged on the Wall Street. The Dow rebounded off the 17,000 psychological level and ended above the MA200 level.

FBM KLCI: 1,634.04 pts (+4.52pts, +0.28%)
The FBM KLCI stayed above the 1,630 level after the key index rebounded off the 1,620 level, forming a bullish candle yesterday. The rebound may sustain towards the 1,660 level over the near term.

Crude Palm Oil: RM2,378 (-RM1, -0.04%)
CPO is hovering below the RM2,400 psychological level amid weaker demand outlook. Next support will be pegged around RM2,350.

WTI Crude Oil: $47.85 (+$1.57, +3.41%)
Crude oil traded positively above the EMA60 level as inventories dropped by 3.86 mln barrels last week, according to American Petroleum Institute.

Gold: $1,311.79 (-$14.53, -1.10%)
Gold prices were lower on the back of profit taking activities after global stockmarkets stabilised. Support will be anchored around US$1,300.

Economic Releases:
US - MBA US Mortgage Market - 29 Jun 16, 7:00PM
US - US Pending Home Sales Index - 29 Jun 16, 10:00PM

Bursa Malaysia Trade Statistics - 28 Jun 16
Institutions:  Net BUY 188.8 mln (59.2%)
Retail:  Net BUY 1.4 mln (14.5%)
Foreign:  Net SELL 190.2 mln (26.3%)

Potential Momentum Stocks - 29 Jun 16 
Stock Name: LBALUM (9326)
Entry: Buy above RM0.56
Target: RM0.605 (8.0%), RM0.655 (17.0%)
Stop: RM0.530 (-5.4%)
Technical: Sideways consolidation

Stock Name: BTECH (0011)
Entry: Buy around RM0.365
Target: RM0.395 (8.2%), RM0.45 (23.3%)
Stop: RM0.350 (-4.1%)
Technical: Flag breakout

Source: Bloomberg, M+ Online

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