Dow Jones: 18,807.88 pts (+218.19pts, +1.17%)
Follow-through buying interest continues to boost the U.S. stockmarkets higher and the Dow marked another fresh all-time-high as traders anticipate that Donald Trump's policies such as lower income tax rates may benefit the economy amid increased consumer spending. 

FBM KLCI: 1,652.74 pts (+5.12pts, +0.31%)
As the overseas markets ended on the bullish tone, we may expect mild spill over effect on Bursa Malaysia - the FBM KLCI’s upside may be capped around the 1,660-1,670 levels.

Crude Palm Oil: RM2,894 (+RM49, +1.72%)
Crude palm oil gained traction after October's stockpiles in Malaysia grew at a slower-than-expected pace, coupled with gains in soybean and weaker Ringgit.

WTI Crude Oil: $44.66 (-$0.61, -1.12%)
Crude oil declined after retesting the US$46 level and is likely to consolidate within the range between the US$43-US$46 levels.

Gold: $1,259.20 (-$18.78, -1.29%)
Gold prices continue to trend on a negative tone as investors expect Trump's policies to favour the U.S. economic outlook. Resistance will be set around US$1,300.

Economic Releases:
Malaysia - Malaysia Industrial Production - 11 Nov 16, 12:00PM
US - University of Michigan Consumer Index - 11 Nov 16, 11:00PM

Bursa Malaysia Trade Statistics - 10 Nov 16
Institutions:  Net BUY 191.0 mln (61.1%)
Retail:  Net SELL 74.3 mln (14.8%)
Foreign:  Net SELL 116.7 mln (24.1%)

Potential Momentum Stocks - 11 Nov 16 
Stock Name: TNLOGIS (8397)
Entry: Buy above RM1.72
Target: RM1.85 (7.6%), RM1.90 (10.5%)
Stop: RM1.64 (-4.7%)
Shariah: Yes
Technical: Potential flag formation breakout

Stock Name: SOLUTN (0093)
Entry: Buy above RM0.295
Target: RM0.32 (8.5%), RM0.33 (11.9%)
Stop: RM0.28 (-5.1%)
Shariah: Yes
Technical: Potential resistance 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.