Dow Jones: 19,216.24 pts (+45.82pts, +0.24%)
Wall Street closed higher overnight as the Dow rose to a fresh record closing at 19,216.24 pts, buoyed by stronger-than-expected non-manufacturing data that expanded for the ninth straight month.

FBM KLCI: 1,624.97 pts (-3.99pts, -0.24%)
The FBM KLCI ended in the negative territory due to last minute selling pressure in tandem with the weakness in key regional indices. The immediate resistance level is located around the 1,630-1,640 levels.

Crude Palm Oil: RM3,135 (+RM59, +1.92%)
Crude palm oil prices rose to four-year high on stronger demand from China coupled with lower production out. The RM3,200 level will serve as the next resistance level.

WTI Crude Oil: $51.79 (+$0.11, +0.21%)
Crude oil prices rose for the third straight session on the continued post-OPEC meeting rally. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,170.38 (-$7.05, -0.60%)
Gold prices endured a volatile trading session before reversing all its intraday gains as the potential US interest rate hike looms. The US$1,150 level will serve as the immediate support level.

Economic Releases:
US - US' Factory Orders - 6 Dec 16, 11.00PM

Bursa Malaysia Trade Statistics - 5 Dec 16
Institutions:  Net BUY 191.6 mln (58.2%)
Retail:  Net BUY 28.5 mln (13.9%)
Foreign:  Net SELL 220.1 mln (27.9%)

Potential Momentum Stocks - 6 Dec 16 
Stock Name: MIKROMB (0112)
Entry: Buy above RM0.50
Target: RM0.525 (5.0%), RM0.565 (13.0%)
Stop: RM0.485 (-3.0%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: YONGTAI (7066)
Entry: Buy above RM1.27
Target: RM1.40 (10.2%), RM1.50 (18.1%)
Stop: RM1.17 (-7.9%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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