Dow Jones: 20,810.32 pts (+34.72pts, +0.17%)
U.S. stockmarkets edged higher as the Dow (+0.2%) logged its ten consecutive winning streak on optism over tax reformation plans.  The 21,000 will serve as the immediate resistance level.

FBM KLCI: 1,704.48 pts (-3.60pts, -0.21%)
The FBM KLCI (-0.2%) retreated on profit taking activities in tandem with the weakness across key regional indices. The immediate support level is located around the 1,700 level.

Crude Palm Oil: RM2,782 (-RM27, -0.96%)
Crude palm oil fell to three-months low on concern over supply. The RM2,700 level will serve as the next support level.

WTI Crude Oil: $54.45 (+$0.86, +1.60%)
Crude oil prices closed marginally higher as U.S. crude export surged. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,249.56 (+$12.22, +0.99%)
Gold prices rallied after the US Dollar retreated. The US1,250 will serve as the immediate resistance level.

Economic Releases:
US - US' Michigan Consumer Sentiment - 24 Feb 17, 11.00PM

Malaysia Trade Statistics - 23 Feb 17*
Institutions:  Net SELL 51.5 mln (65.9%)
Retail:  Net SELL 13.9 mln (19.0%)
Foreign:  Net BUY 65.4 mln (15.1%)

Potential Momentum Stocks - 24 Feb 17 
Stock Name: ECS (5162)
Entry: Buy above RM1.52
Target: RM1.6 (5.3%), RM1.68 (10.5%)
Stop: RM1.49 (-2.0%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: HEVEA (5095)
Entry: Buy above RM1.58
Target: RM1.79 (13.3%), RM1.9 (20.3%)
Stop: RM1.49 (-5.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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