Dow Jones: 18,392.46 pts (+98.76pts, +0.54%)
U.S. stockmarkets continues to trend higher after the Fed kept the interest rates unchanged. The Dow might be retesting the previous resistance zone near the 18,700 level.

FBM KLCI: 1,669.66 pts (+10.93pts, +0.66%)
Tracking the gains on the overnight Dow, the FBM KLCI trended positively towards the 1,670 level. Meanwhile, government-linked companies should be having further buying interest ahead of the budget 2017 in the month of October.

Crude Palm Oil: RM2,725 (+RM48, +1.79%)
Strong recovery was noted on crude palm oil after mild profit taking activities two days ago. As the momentum is picking up, next target will be envisaged around RM2,750.

WTI Crude Oil: $46.32 (+$0.98, +2.15%)
Crude oil continues to rally above the US$45 level after the Fed's move on interest rates. The next resistance will be set around US$48.

Gold: $1,337.07 (+$1.90, +0.14%)
Profit taking kicked in near the US$1,350 level and pared down intra-day gains. Trading range will be located between US$1,310-US$1,350.

Economic Releases:
Eurozone - Markit Eurozone Manufacturing PMI - 23Sep16, 4:00PM
US - Markit US Manufacturing PMI - 23Sep16, 9:45PM

Bursa Malaysia Trade Statistics - 22Sep16
Institutions:  Net SELL 200.4 mln (60.8%)
Retail:  Net SELL 3.3 mln (17.0%)
Foreign:  Net BUY 203.7 mln (22.2%)

Potential Momentum Stocks - 23Sep16 
Stock Name: EITA (5208)
Entry: Buy above RM1.35
Target: RM1.47 (8.9%), RM1.50 (11.1%)
Stop: RM1.26 (-6.7%)
Shariah: Yes
Technical: Short term breakout

Stock Name: GDEX (0078)
Entry: Buy above RM1.60
Target: RM1.72 (7.5%), RM1.80 (12.5%)
Stop: RM1.54 (-3.8%)
Shariah: Yes
Technical: Potential sideways consolidation breakout

Source: Bloomberg, M+ Online

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