Dow Jones: 22,016.24 pts (+52.32pts, +0.24%)
U.S. stockmarkets extended their gains as the Dow topped the 22,000 psychological level on stronger-than-expected corporate earnings from Apple (+4.7%) . The next resistance is located at 22,000.

FBM KLCI: 1,770.61 pts (+5.48pts, +0.31%)
The FBM KLCI (+0.3%) extended its gains yesterday, lifted by buying support in selective blue clips from foreign funds. The key index is likely to remain rangebound between the 1,750-1,770 levels.

Crude Palm Oil: RM2,642 (-RM12, -0.45%)
Crude palm oil prices edged lower for the third consecutive day on weakness in soy bean oil prices coupled with expectation over rising output. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $49.59 (+$0.43, +0.87%)
Crude oil prices rebounded on rising record demand of gasoline which offset the concern over U.S. shale output. The next resistance is located at US$52.

Gold: $1,266.65 (-$2.11, -0.17%)
Gold prices ended relatively lower on the strength in U.S. labour market. The immediate resistance will be pegged around US$1300.

Economic Releases:
CN - China's Caixin Composite PMI, 9.45AM
CN - China's Caixin Services PMI, 9.45AM
EU - Eurozone's Markit Composite PMI, 4.00PM
EU - Eurozone's Markit Services PMI, 4.00PM
EU - Eurozone's Retail Sales, 5.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM
US - United States' ISM Non-Manufacturing PMI, 10.00PM

Bursa Malaysia Trade Statistics - 2 Aug 17
Institutions:  Net SELL 102.2 mln (56.1%)
Retail:  Net SELL 13.2 mln (25.1%)
Foreign:  Net BUY 115.4 mln (18.8%)

Potential Momentum Stocks - 3 Aug 17 
Stock Name: KGB (0151)
Entry: Buy above RM0.65
Target: RM0.73 (12.3%), RM0.75 (15.4%)
Stop: RM0.62 (-4.6%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: GPACKET (0082)
Entry: Buy above RM0.365
Target: RM0.385 (5.5%), RM0.41 (12.3%)
Stop: RM0.345 (-5.5%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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