Dow Jones: 24,899.41 pts (+68.24pts, +0.27%)
U.S. stockmarkets extended their gains overnight as the Dow (+0.3%) recorded its eighth straight winning streak after concern over trade tension between U.S. and China eased. The immediate resistance is located at 25,000.

FBM KLCI: 1,850.42 pts (+3.91pts, +0.21%)
The FBM KLCI (+0.2%) was traded in a volatile manner yesterday as the key index swung between gains and losses before trending higher yesterday. The immediate support is located at 1,830.

Crude Palm Oil: RM2,416 (+RM35, +1.47%)
Crude palm oil prices advanced after the Ringgit weakened against the Greenback. The immediate resistance is envisaged around RM2,450.

WTI Crude Oil: $70.96 (+$0.26, +0.37%)
Crude oil prices rose after recovering all its intraday losses amid the lingering political unrest at Middle East. The immediate resistance is located at US$70.

Gold: $1,313.50 (-$5.80, -0.44%)
Gold prices extended its losses after the U.S. Dollar 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
UK - United Kingdom's Unemployment Rate, 4.30PM
EU - Eurozone's Industrial Production, 5.00PM
US - United States' Retail Sales, 8.30PM

Bursa Malaysia Trade Statistics - 14 May 18
Institutions:  Net BUY 238.2 mln (47.9%)
Retail:  Net BUY 444.4 mln (22.3%)
Foreign:  Net SELL 682.6 mln (29.8%)

Potential Momentum Stocks - 15 May 18 
Stock Name: MPHBCAP (5237)
Entry: Buy above RM1.28
Target: RM1.43 (11.7%), RM1.48 (15.6%)
Stop: RM1.22 (-4.7%)
Shariah: No
Technical: Consolidation breakout

Stock Name: MMSV (0113)
Entry: Buy above RM1.45
Target: RM1.67 (15.2%), RM1.72 (18.6%)
Stop: RM1.34 (-7.6%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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