Dow Jones: 23,836.71 pts (+255.93pts, +1.09%)
U.S. stockmarkets rallied to close at fresh all-time high levels overnight as the Dow jumped 1.1% after the Senate took a step closer to pass the tax reformation plan. The immediate resistance is located at 24,000.

FBM KLCI: 1,714.42 pts (-5.44pts, -0.32%)
The FBM KLCI (-0.3%) retreated but managed to trim most of its intraday losses. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,587 (-RM2, -0.08%)
Crude palm oil prices extended its losses owing to the relatively weak demand from India as a result of rise in import taxes. The immediate support is envisaged around RM2,500.

WTI Crude Oil: $57.99 (-$0.12, -0.21%)
Crude oil prices extended its losses on the unexpected build-up in U.S. inventory levels. The immediate resistance is located at US$60.

Gold: $1,293.98 (-$0.54, -0.04%)
Gold prices retreated after the U.S. Dollar strengthened against a basket of currencies. The immediate support will be pegged around US$1,250.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
EU - Eurozone's Business Confidence, 6.00PM

Bursa Malaysia Trade Statistics - 28 Nov 17
Institutions:  Net SELL 83.9 mln (52.6%)
Retail:  Net SELL 3.1 mln (18.5%)
Foreign:  Net BUY 87.0 mln (28.9%)

Potential Momentum Stocks - 29 Nov 17 
Stock Name: WELLCAL (7231)
Entry: Buy above RM1.44
Target: RM1.56 (8.3%), RM1.59 (10.4%)
Stop: RM1.37 (-4.9%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: GKENT (3204)
Entry: Buy above RM3.30
Target: RM3.50 (6.1%), RM3.60 (9.1%)
Stop: RM3.08 (-6.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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