Dow Jones: 18,325.07 pts (+239.62pts, +1.32%)
After a furious drop on Wall Street last Friday, bargain hunting activities re-emerged and the Dow recouped most of the earlier losses and rebounded strongly on the back of dovish comments by several Fed's officials, which may lower the odds of a September rate hike. 

FBM KLCI: 1,686.44 pts (-4.94pts, -0.29%)
The FBM KLCI is hovering above the 1,680 level and is likely to continue its short term rally higher towards the 1,700 level.

Crude Palm Oil: RM2,640 (+RM31, +1.19%)
Crude palm oil formed a solid hammer candle above the RM2,600 level amid firmer soybean oil, coupled with the weaker Ringgit last week. Traders are waiting for the MPOB data to be released today.

WTI Crude Oil: $46.29 (+$0.41, +0.89%)
Crude oil rebounded from an intra-day low of US$44.72 and closed higher at US$46.29. Further rebound may be seen towards the US$48-49 levels over the near term.

Gold: $1,327.82 (-$0.01, -0.00%)
Gold trended flat on the back of the mixed comments from few Fed's speakers. Gold may trade sideways between the US$1,300-US$1,350 levels. 

Economic Releases:
China - Industrial Production Y.o.Y - 13Sep16, 11:00AM

Bursa Malaysia Trade Statistics - 12Sep16
Institutions:  Net BUY 180.7 mln (61.4%)
Retail:  Net SELL 4.3 mln (17.2%)
Foreign:  Net SELL 176.4 mln (21.4%)

Potential Momentum Stocks - 13Sep16 
Stock Name: PESONA (8311)
Entry: Buy around RM0.42
Target: RM0.48 (14.3%), RM0.51 (21.4%)
Stop: RM0.395 (-6.0%)
Shariah: Yes
Technical: Sideways consolidation breakout

Stock Name: PRESBHD (5204)
Entry: Buy aboveRM2.23
Target: RM2.45 (9.9%), RM2.60 (16.6%)
Stop: RM2.13 (-4.5%)
Shariah: Yes
Technical: Sideways consolidation breakout

Source: Bloomberg, M+ Online

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