Dow Jones: 23,860.46 pts (-1032.89pts, -4.15%)
Wall Street slumped overnight on concern over the rising interest rate could halt economy growth as the Dow (-4.2%) gave up all its year-to-date gains and subsequently entered into a correction phase. The immediate support is located at 23,000.

FBM KLCI: 1,839.44 pts (+2.76pts, +0.15%)
The FBM KLCI (+0.2%) edged higher in tandem with the positive sentiment across its regional peers yesterday. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,495 (+RM10, +0.40%)
Crude palm oil prices extended its gains amid the stronger Ringgit against the U.S. Dollar. The immediate resistance is envisaged around RM2,500.

WTI Crude Oil: $61.15 (-$0.64, -1.03%)
Crude oil prices retreated for the fifth straight session alongside with the decline in commodity prices. The immediate support is located at US$60.

Gold: $1,318.76 (+$0.37, +0.03%)
Gold prices staged a mild recovery as demand for safe haven assets improved. The immediate support will be pegged around US$1,300.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
MY - China's Producer Price Index, 9.30AM
MY - Malaysia's Industrial Production, 12.00PM
UK - United Kingdom's Industrial Production, 5.30PM
UK - United Kingdom's Manufacturing Production, 5.30PM

Bursa Malaysia Trade Statistics - 8 Feb 18
Institutions:  Net BUY 186.1 mln (57.7%)
Retail:  Net SELL 22.6 mln (17.8%)
Foreign:  Net SELL 163.5 mln (24.5%)

Potential Momentum Stocks - 9 Feb 18 
Stock Name: SUPERMX (7106)
Entry: Buy above RM2.18
Target: RM2.39 (9.6%), RM2.50 (14.7%)
Stop: RM1.99 (-8.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: HSSEB (0185)
Entry: Buy above RM1.61
Target: RM1.77 (9.9%), RM1.85 (14.9%)
Stop: RM1.51 (-6.2%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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