Dow Jones: 23,458.36 pts (+187.08pts, +0.80%)
The upbeat industrial production data coupled with stronger-than-expected corporate earnings from Wal-Mart (+10.9%) and Cisco (+5.2%) sent U.S. stockmarkets higher overnight as both the Dow and S&P 500 added 0.8% each. The immediate support is located at 23,000.

FBM KLCI: 1,718.11 pts (-4.88pts, -0.28%)
Selling pressure from foreign funds sent the FBM KLCI (-0.3%) lower for the fifth straight session yesterday. The immediate support is located at 1,700.

Crude Palm Oil: RM2,738 (+RM6, +0.22%)
Crude palm oil prices snapped a streak of five sessions of decline, taking cue from gains in soybean oil prices. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $55.14 (-$0.19, -0.34%)
Crude oil prices retreated amid the increase in U.S. inventories level. The immediate resistance is located at US$60.

Gold: $1,278.58 (+$0.44, +0.03%)
Gold prices closed marginally higher as it continues to trade in a rangebound mode. The immediate support will be pegged around US$1,250.

Economic Releases:
MY - Malaysia's 3Q2017 GDP Growth Rate, 12.00PM

Bursa Malaysia Trade Statistics - 16 Nov 17
Institutions:  Net BUY 217.3 mln (58.4%)
Retail:  Net BUY 64.8 mln (17.9%)
Foreign:  Net SELL 282.1 mln (23.7%)

Potential Momentum Stocks - 17 Nov 17 
Stock Name: BONIA (9288)
Entry: Buy above RM0.635
Target: RM0.69 (8.7%), RM0.715 (12.6%)
Stop: RM0.60 (-5.5%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: CRESBLD (8591)
Entry: Buy above RM1.08
Target: RM1.14 (5.6%), RM1.22 (13.0%)
Stop: RM1.01 (-6.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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