Dow Jones: 18,573.94 pts (+21.92pts, +0.12%)
Wall Street reversed earlier losses as investors and traders digested the Fed's minutes; the Dow and S&P 500 may trend sideways as Fed's officials showed divided opinions on the timing of the interest rates hike.

FBM KLCI: 1,694.32 pts (-5.57pts, -0.33%)
As the FBM KLCI has took a pause after trading near the 1,700 level, the key index may extend its short term profit taking activities towards the 1,680 level.

Crude Palm Oil: RM2,643 (+RM104, +4.10%)
Crude palm oil managed to gain momentum above the RM2,600 level on the back of rising demand from China and India ahead of the festive seasons. The uptrend is likely to continue towards the RM2,700 level after a mild consolidation.

WTI Crude Oil: $46.79 (+$0.21, +0.45%)
WTI crude oil stayed on a positive note after Energy Information Administration announced that the crude oil inventories dropped more-than-expected last week. The crude oil is likely to trend higher gradually towards US$47.

Gold: $1,348.73 (+$2.49, +0.19%)
Gold pared some earlier losses as mixed views were seen in the Fed's minutes. Gold's resistance will be envisaged around US$1,350.

Economic Releases:
US - US Initial Jobless Claims - 18 Aug 16, 8:30PM
US - Philadelphia Fed Manufacturing Index - 18 Aug 16, 8:30PM

Bursa Malaysia Trade Statistics - 17 Aug 16
Institutions:  Net SELL 79.0 mln (63.0%)
Retail:  Net SELL 18.3 mln (16.6%)
Foreign:  Net BUY 97.3 mln (20.4%)

Potential Momentum Stocks - 18 Aug 16 
Stock Name: EKOVEST (8877)
Entry: Buy above RM1.61
Target: RM1.73 (7.5%), RM1.80 (11.8%)
Stop: RM1.59 (-1.2%)
Shariah: Yes
Technical: Sideways breakout

Stock Name: FIBON (0149)
Entry: Buy around RM0.665
Target: RM0.75 (12.8%), RM0.795 (19.5%)
Stop: RM0.645 (-3.0%)
Shariah: No
Technical: Flag breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.