Dow Jones: 18,293.70 pts (+163.74pts, +0.90%)
Wall Street reacted positively as the Fed kept the interest rates unchanged - the Dow jumped more than 100 pts, rebounding near the resistance of the 18,300 level.

FBM KLCI: 1,658.73 pts (+2.95pts, +0.18%)
After the FBM KLCI formed a hammer candle above the 1,642 level, follow-through interest was noted and the key index ended on a positive note. Further upside could be envisaged around the 1,660-1,670 level.

Crude Palm Oil: RM2,677 (-RM16, -0.59%)
Profit taking activities emerged after crude palm oil trended towards the RM2,700 level amid weaker-than-expected exports data from the Intertek. Support will be set around RM2,650.

WTI Crude Oil: $45.34 (+$1.90, +4.39%)
Crude oil jumped above the US$45 level after Energy Information Administration reported that the U.S. inventories declined 6.2 barrels last week.

Gold: $1,335.17 (+$20.33, +1.54%)
Gold enjoyed a relief rally after the Fed left the interest rates unchanged. Resistance will be set around US$1,350.

Economic Releases:
US - US Initial Jobless Claims - 22Sep16, 9:30PM

Bursa Malaysia Trade Statistics - 21Sep16
Institutions:  Net SELL 187.3 mln (59.5%)
Retail:  Net BUY 0.1 mln (16.6%)
Foreign:  Net BUY 187.2 mln (23.9%)

Potential Momentum Stocks - 22Sep16 
Stock Name: DSONIC (5216)
Entry: Buy above RM1.520
Target: RM1.680 (10.5%), RM1.750 (15.1%)
Stop: RM1.460 (-3.9%)
Shariah: No
Technical: Flag formation breakout

Stock Name: SKPRES (7155)
Entry: Buy above RM1.300
Target: RM1.450 (11.5%), RM1.510 (16.2%)
Stop: RM1.250 (-3.8%)
Shariah: Yes
Technical: T+4 formation

Source: Bloomberg, M+ Online

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