Dow Jones: 20,943.11 pts (-32.67pts, -0.16%)
Wall Street ended mixed on Wednesday, as investors digested the firing of FBI's Director James Comey. 

FBM KLCI: 1,766.56 pts (-1.59pts, -0.09%)
The FBM KLCI slid into the red, alongside a weaker Ringgit amid mild profit-taking activities in the key-index. The blue-chip gauge might trend between 1750 to 1780.

Crude Palm Oil: RM2,628 (+RM30, +1.15%)
Crude palm oil prices rose on sustained demand for crude palm oil and potential decline in Indonesian production due to heavy rainfall in the Kalimantan. Next resistance is located around RM2,720 levels.

WTI Crude Oil: $47.33 (+$1.45, +3.17%)
Lower-than-expected U.S. crude inventories and recovery in the demand for gasoline pushed crude oil prices higher, amid a potential extension of output cuts by the OPEC. Next resistance is envisaged around US$48.

Gold: $1,219.10 (-$2.14, -0.18%)
Gold prices continue to see selling-pressure as investors leave safe-haven assets, in favor of riskier assets amid recovery in global sentiment. Support is located around the US$1,218.

Economic Releases:
EU - Euro Area Industrial Production - 12May17, 5.00PM
US - Retail Sales - 12May17, 8.30PM
US - US Inflation Rate - 12May17, 8.30PM

Bursa Malaysia Trade Statistics - 10 May 17
Institutions:  Net SELL 114.9 mln (60.5%)
Retail:  Net BUY 43.7 mln (23.3%)
Foreign:  Net BUY 71.2 mln (16.2%)

Potential Momentum Stocks - 11 May 17 
Stock Name: D&O (7204)
Entry: Buy above RM0.69
Target: RM0.735 (6.5%), RM0.755 (9.4%)
Stop: RM0.64 (-7.2%)
Shariah: Yes
Technical: Breakout momentum trade

Stock Name: MYCRON (5087)
Entry: Buy above RM0.91
Target: RM0.96 (5.5%), RM1.01 (11.0%)
Stop: RM0.88 (-3.3%)
Shariah: Yes
Technical: Breakout momentum trade

Source: Bloomberg, M+ Online

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