Dow Jones: 19,023.87 pts (+67.18pts, +0.35%)
Wall Street extended their gains as the Dow topped the 19,000 psychological level for the first time, owing to the better-than-expected housing data coupled with the rally in metal shares.

FBM KLCI: 1,629.32 pts (+2.04pts, +0.13%)
The FBM KLCI closed higher for the second straight session after foreign funds selling pressure were seen easing. The immediate resistance level is located around the 1,645 level.

Crude Palm Oil: RM2,928 (+RM9, +0.31%)
Crude palm oil prices edged higher, as the weakness in Ringgit spurred the demand. The RM3,000 level will serve as the immediate resistance level.

WTI Crude Oil: $48.03 (+$0.60, +1.26%)
Crude oil prices rose for the third straight session ahead of the OPEC meeting next week. Crude oil prices might head towards the US$50 level.

Gold: $1,212.32 (-$1.91, -0.16%)
Gold prices retreated ahead of the US Fed minutes meeting which could signal an interest rate hike next month. The US$1,200 level will serve as the immediate support level.

Economic Releases:
MY - Malaysia's Interest Rate Decision - 23 Nov 16, 3.00PM
US - US' October Durable Goods Orders - 23 Nov 16, 9.30PM
US - US' New Home Sales - 23 Nov 16, 11.00PM

Bursa Malaysia Trade Statistics - 22 Nov 16
Institutions:  Net BUY 72.8 mln (56.4%)
Retail:  Net BUY 19.2 mln (14.8%)
Foreign:  Net SELL 92.0 mln (28.8%)

Potential Momentum Stocks - 23 Nov 16 
Stock Name: PRESTAR (9873)
Entry: Buy above RM0.625
Target: RM0.685 (9.6%), RM0.75 (20.0%)
Stop: RM0.585 (-6.4%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Stock Name: RSAWIT (5113)
Entry: Buy above RM0.535
Target: RM0.585 (9.3%), RM0.61 (14.0%)
Stop: RM0.505 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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