Dow Jones: 22,158.18 pts (+39.32pts, +0.18%)
U.S. stockmarkets advanced for the third straight session as the Dow gained 0.2% on optimism over tax reformation. The immediate resistance is located at 22,200.

FBM KLCI: 1,786.07 pts (-3.79pts, -0.21%)
Despite reporting strong retail sales data for August 2017, the FBM KLCI (-0.2%) retreated yesterday on profit taking activities in selective index heavyweights. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,873 (+RM44, +1.56%)
Crude palm oil prices rose to 6-month high in anticipation over higher export ahead of the festive season. The immediate resistance is envisaged around RM2,900.

WTI Crude Oil: $49.30 (+$1.07, +2.22%)
Crude oil prices edged higher after the International Energy Association (IEA) and OPEC boosted the demand outlook. The immediate resistance is located at US$50.

Gold: $1,322.37 (-$9.44, -0.71%)
Gold prices retreated, forming a bearish engulfing candle after the Greenback advanced against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Economic Releases:
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
JP - Japan's Industrial Production, 12.30PM
UK - United Kingdom's Bank of England Interest Rate Decision, 7.00PM
US - United States' Inflation Rate, 8.30PM

Bursa Malaysia Trade Statistics - 13Sep17
Institutions:  Net SELL 25.8 mln (56.5%)
Retail:  Net BUY 33.7 mln (24.0%)
Foreign:  Net SELL 7.9 mln (19.5%)

Potential Momentum Stocks - 14Sep17 
Stock Name: ELSOFT (0090)
Entry: Buy above RM2.72
Target: RM2.95 (8.5%), RM3.00 (10.3%)
Stop: RM2.58 (-5.1%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: KRETAM (1996)
Entry: Buy above RM0.56
Target: RM0.60 (7.1%), RM0.62 (10.7%)
Stop: RM0.54 (-3.6%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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