Dow Jones: 21,993.71 pts (+135.39pts, +0.62%)
Wall Street started off the week on a firm footing as the Dow gained 0.6% mid the waning geopolitical uncertainties. The immediate resistance is located at 22,500.

FBM KLCI: 1,771.08 pts (+4.12pts, +0.23%)
The FBM KLCI (+0.2%) rebounded yesterday in tandem with the mostly positive performance across regional indices. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,665 (-RM17, -0.63%)
Crude palm oil prices halted a four consecutive sessions of gains after India hikes import tax. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $47.59 (-$1.23, -2.52%)
Crude oil prices sank on concern over the slow demand from China that could hamper the oil rebalancing market. The next resistance is located at US$52.

Gold: $1,282.15 (-$7.16, -0.55%)
Gold prices retreated after geopolitical tension between U.S. and North Korea subsides. The immediate resistance will be pegged around US$1300.

Economic Releases:
UK - United Kingdom's Inflation Rate, 4.30PM
US - United States' Retail Sales, 8.30PM

Bursa Malaysia Trade Statistics - 14 Aug 17
Institutions:  Net SELL 41.1 mln (60.8%)
Retail:  Net SELL 19.1 mln (20.4%)
Foreign:  Net BUY 60.2 mln (18.8%)

Potential Momentum Stocks - 15 Aug 17 
Stock Name: ELSOFT (0090)
Entry: Buy above RM2.68
Target: RM2.96 (10.4%), RM3.10 (15.7%)
Stop: RM2.55 (-4.9%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: MMSV (0113)
Entry: Buy above RM1.72
Target: RM1.88 (9.3%), RM2.00 (16.3%)
Stop: RM1.61 (-6.4%)
Shariah: No
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.