Dow Jones: 26,017.81 pts (-97.84pts, -0.37%)
U.S. stockmarkets staged a mild pullback overnight as the Dow fell 0.4% on concern over the possibility of government shut down by the end of the week should the Congress does not pass a spending bill. The immediate resistance is located at 26,500.

FBM KLCI: 1,821.60 pts (-7.03pts, -0.38%)
The FBM KLCI (-0.4%) formed a bearish engulfing candle, snapping a streak of four winning days yesterday. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,476 (-RM11, -0.44%)
Crude palm oil prices retreated as the stronger Ringgit against the Greenback limit gains. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $63.95 (-$0.02, -0.03%)
Crude oil prices closed relatively flat as gains were curbed by the rising U.S, oil rigs. The immediate resistance is located at US$65.

Gold: $1,327.03 (+$0.19, +0.01%)
Gold prices staged a mild recovery as the rally in global equities took a breather. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 18 Jan 18
Institutions:  Net SELL 199.7 mln (54.8%)
Retail:  Net BUY 22.3 mln (25.8%)
Foreign:  Net BUY 177.4 mln (19.4%)

Potential Momentum Stocks - 19 Jan 18
Stock Name: IOIPG (5249)
Entry: Buy above RM1.98
Target: RM2.06 (4.0%), RM2.17 (9.6%)
Stop: RM1.90 (-4.0%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: GFM (0039)
Entry: Buy above RM0.555
Target: RM0.625 (12.6%), RM0.65 (17.1%)
Stop: RM0.53 (-4.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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