Dow Jones: 25,574.73 pts (+205.60pts, +0.81%)
U.S. stockmarkets advanced to close at fresh record high levels as the Dow gained 0.8%, boosted by optimism over earnings growth. The immediate resistance is located at 26,000.

FBM KLCI: 1,816.88 pts (-6.04pts, -0.33%)
The FBM KLCI (-0.3%) trended lower for the third straight session yesterday as weakness in selective heavyweights persist. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,567 (-RM55, -2.10%)
Crude palm oil prices retreated after the Ringgit appreciated against the U.S. Dollar. The immediate resistance is envisaged around RM2,650.

WTI Crude Oil: $63.80 (+$0.23, +0.36%)
Crude oil prices ended little higher after erasing most of its intraday gains, forming a shooting star candle. The immediate resistance is located at US$65.

Gold: $1,322.44 (+$5.55, +0.42%)
Gold prices extended its gains after the U.S. Dollar retreated against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Economic Releases:
US - United States' Retail Sales, 9.30PM
US - United States' Inflation Rate, 9.30PM

Bursa Malaysia Trade Statistics - 11 Jan 18
Institutions:  Net SELL 60.6 mln (53.1%)
Retail:  Net BUY 77.4 mln (26.2%)
Foreign:  Net SELL 16.8 mln (20.7%)

Potential Momentum Stocks - 12 Jan 18 
Stock Name: EMETALL (7217)
Entry: Buy above RM0.79
Target: RM0.83 (5.1%), RM0.865 (9.5%)
Stop: RM0.765 (-3.2%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: FAVCO (7229)
Entry: Buy above RM2.82
Target: RM2.94 (4.3%), RM3.02 (7.1%)
Stop: RM2.73 (-3.2%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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