Dow Jones: 24,573.04 pts (+212.90pts, +0.87%)
U.S. stockmarkets were powered higher overnight as the Dow gained 0.9% amid the robust retail sales data in March 2018 coupled with stronger-than-expected corporate earnings from Bank of America Corporation. The immediate resistance is located at 25,000.

FBM KLCI: 1,878.76 pts (+10.29pts, +0.55%)
The FBM KLCI (+0.6%) gapped up to close at its intraday high yesterday amid the eleventh hour buying support in selected index heavyweights. The immediate resistance is located at 1,880.

Crude Palm Oil: RM2,369 (-RM32, -1.33%)
Crude palm oil prices extended its losses, taking cue from the lower soybean oil prices. The immediate support is envisaged around RM2,350.

WTI Crude Oil: $66.22 (-$1.17, -1.74%)
Crude oil prices halted a five day winning streak after geopolitical tension in Middles East eased.  The immediate resistance is located at US$70.

Gold: $1,345.93 (-$0.27, -0.02%)
Gold prices retreated after the Greenback advanced against a basket of currencies. The immediate resistance will be pegged around US$1,360.

Economic Releases:
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM
CN - China's 1Q2018 GDP Growth Rate, 10.00AM
UK - United Kingdom's Unemployment Rate, 4.30PM
US - United States' Industrial Production, 9.15PM

Bursa Malaysia Trade Statistics - 16 Apr 18
Institutions:  Net SELL 68.6 mln (53.1%)
Retail:  Net SELL 43.0 mln (25.0%)
Foreign:  Net BUY 111.6 mln (21.9%)

Potential Momentum Stocks - 17 Apr 18 
Stock Name: ECONBHD (5253)
Entry: Buy above RM1.18
Target: RM1.31 (11.0%), RM1.38 (16.9%)
Stop: RM1.09 (-7.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: IJM (3336)
Entry: Buy above RM2.78
Target: RM2.90 (4.3%), RM3.01 (8.3%)
Stop: RM2.66 (-4.3%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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