Dow Jones: 19,191.93 pts (+68.35pts, +0.36%)
U.S. stockmarkets ended mixed overnight as the Dow closed at a fresh record high at 19,191.93 pts, but the S&P 500 extended its losses by 0.4%, mainly due to weakness in technology shares.

FBM KLCI: 1,626.44 pts (+7.32pts, +0.45%)
The FBM KLCI staged a sharp rebound, recovering most of its previous session losses in tandem with gains in key regional indices. The immediate resistance level is located around the 1,630-1,640 levels.

Crude Palm Oil: RM3,079 (+RM6, +0.20%)
Crude palm oil prices extended its gains after the rally in crude oil prices boosted the outlook of B10 biodiesel implementation programme. The RM3,100 level will serve as the next resistance level.

WTI Crude Oil: $51.06 (+$1.69, +3.42%)
Crude oil prices closed higher for the second session as OPEC members focus on shrinking their inventory levels. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,171.69 (-$3.63, -0.31%)
Gold prices fell for the third straight session expectation as the strong US economy data shifts investors focus towards higher yielding assets. The US$1,150 level will serve as the immediate support level.

Economic Releases:
US - US' November Unemployment Rate - 2 Dec 16, 9.30PM

Bursa Malaysia Trade Statistics - 1 Dec 16
Institutions:  Net BUY 57.9 mln (66.7%)
Retail:  Net SELL 21.7 mln (14.3%)
Foreign:  Net SELL 36.2 mln (19.0%)

Potential Momentum Stocks - 2 Dec 16 
Stock Name: PESONA (8311)
Entry: Buy above RM0.555
Target: RM0.615 (10.8%), RM0.655 (18.0%)
Stop: RM0.50 (-9.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation formation

Stock Name: SYSTECH (0050)
Entry: Buy above RM0.200
Target: RM0.23 (15.0%), RM0.265 (32.5%)
Stop: RM0.185 (-7.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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