Dow Jones: 19,792.53 pts (-118.68pts, -0.60%)
U.S. stockmarkets retreated from their all-time high levels as the Dow fell 0.6% after the U.S. Federal Reserve raised its interest rate for the second time in nearly a decade and signals a faster-than-expected rate hike in 2017.

FBM KLCI: 1,643.29 pts (-1.99pts, -0.12%)
Profit taking activities sent the FBM KLCI marginally lower ahead of the U.S. Federal Reserve monetary policy meeting. The immediate resistance level is located around the 1,660 level.

Crude Palm Oil: RM3,125 (+RM27, +0.87%)
Crude palm oil prices extended its gains on weaker Ringgit against the US Dollars coupled with weaker-than-expected production. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $51.04 (-$1.94, -3.65%)
Crude oil prices halted its fourth consecutive winning streak after the US Dollars rallied against a basket of currencies. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,142.95 (-$15.59, -1.35%)
Gold prices fell to 10-months low after the U.S. Federal Reserve signals a faster-than-expected rate hike in 2017. The US1,100 will serve as the immediate support level.

Economic Releases:
MY- Malaysia's Retail Sales - 15 Dec 16, 12.00PM
UK - Bank of England Interest Rate Decision - 15 Dec 16, 12.00PM
US - US Inflation Rate - 15 Dec 16, 9.30PM

Bursa Malaysia Trade Statistics - 14 Dec 16
Institutions:  Net BUY 65.9 mln (59.7%)
Retail:  Net BUY 0.8 mln (11.1%)
Foreign:  Net SELL 66.7 mln (29.2%)

Potential Momentum Stocks - 15 Dec 16 
Stock Name: FRONTKN (0128)
Entry: Buy above RM0.17
Target: RM0.195 (14.7%), RM0.205 (20.6%)
Stop: RM0.15 (-11.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SYSTECH (0050)
Entry: Buy above RM0.205
Target: RM0.23 (12.2%), RM0.265 (29.3%)
Stop: RM0.19 (-7.3%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Source: Bloomberg, M+ Online

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