Dow Jones: 18,034.77 pts (-31.98pts, -0.18%)
U.S. equities ended lower as traders continue to stay cautious ahead of the FOMC meeting next week. Meanwhile, Apple Inc jumped 3.54% on the back of stronger-than-expected pre-orders of iPhone 7.

FBM KLCI: 1,661.39 pts (-15.79pts, -0.94%)
The FBM KLCI has retested the support level of 1,660 after a series of selling activities within the index heavyweights. The FBM KLCI may be due for a technical rebound towards the 1,680 level.

Crude Palm Oil: RM2,564 (-RM28, -1.08%)
Despite a weaker Ringgit, CPO dropped below the RM2,600 level. Selling interest may pick up over the near term and send the price towards next support of RM2,500.

WTI Crude Oil: $43.58 (-$1.32, -2.95%)
Crude oil had a short-lived rebound after stockpile data from EIA reported that the domestic crude supplies fell 600,000 barrels last week. However, selling interest picked up and the WTI crude oil ended below US$44.

Gold: $1,322.94 (+$3.89, +0.30%)
Gold rebounded near the US$1,310 level on the back of weaker US dollar. However, based on the MACD Indicator, gold is likely to trend sideways between the US$1,300-US$1,350 levels.

Economic Releases:
Eurozone - Eurostat Eurozone Core MUICP - 15Sep16, 5:00PM
US - US Initial Jobless Claims - 15Sep16, 8:30PM
US - US Industrial Production - 15Sep16, 9:15PM

Bursa Malaysia Trade Statistics - 14Sep16
Institutions:  Net BUY 191.0 mln (63.8%)
Retail:  Net BUY 39.5 mln (15.1%)
Foreign:  Net SELL 230.5 mln (21.1%)

Potential Momentum Stocks - 15Sep16 
Stock Name: 3A (0012)
Entry: Buy above RM1.37
Target: RM1.46 (6.6%), RM1.50 (9.5%)
Stop: RM1.32 (-3.6%)
Shariah: Yes
Technical: Flag formation breakout

Stock Name: LBALUM (9326)
Entry: Buy above RM0.625
Target: RM0.665 (6.4%), RM0.715 (14.4%)
Stop: RM0.60 (-4.0%)
Shariah: Yes
Technical: Potential short term 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.