Dow Jones: 18,529.42 pts (-23.15pts, -0.12%)
Once again, Wall Street ended on a mixed note; the Dow fell 0.12% led by technology and consumer goods like Apple Inc (-0.85%), Johnson & Johnson (-0.79%), Nike (-0.24%) and Coca-Cola (-0.18%).

FBM KLCI: 1,691.07 pts (+3.39pts, +0.20%)
The FBM KLCI ended slightly higher on the back of a last minute buying support. However, the FBM KLCI's upside will be capped around the 1,700 psychological level.

Crude Palm Oil: RM2,543 (-RM35, -1.36%)
Crude palm oil retreated around the RM2,600 level, tracking the China prices and soybean oil. The next support will be located around the RM2,500 level.

WTI Crude Oil: $47.41 (-$1.11, -2.28%)
Crude oil reversed near the US$50 level as traders stayed cautious ahead of the weekly U.S. crude inventory and production data. Next support will be pegged around US$46.

Gold: $1,339.09 (-$2.38, -0.18%)
Gold extended its retrace move below the US$1,350 level as traders are speculating on the timing for the interest rate hike this year.

Economic Releases:
Eurozone - Eurozone Markit Composite PMI - 23 Aug 16, 4:00PM

Bursa Malaysia Trade Statistics - 22 Aug 16
Institutions:  Net SELL 61.4 mln (58.1%)
Retail:  Net BUY 7.9 mln (23.3%)
Foreign:  Net BUY 53.5 mln (18.6%)

Potential Momentum Stocks - 23 Aug 16 
Stock Name: MRCB (1651)
Entry: Buy above RM1.29
Target: RM1.37 (6.2%), RM1.49 (15.5%)
Stop: RM1.25 (-3.1%)
Shariah: Yes
Technical: Flag formation breakout

Stock Name: MAHSING (8583)
Entry: Buy above RM1.65
Target: RM1.75 (6.1%), RM1.85 (12.1%)
Stop: RM1.59 (-3.6%)
Shariah: Yes
Technical: Potential sideways consolidation breakout

Source: Bloomberg, M+ Online

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