Dow Jones: 24,874.64 pts (+431.72pts, +1.77%)
U.S. stockmarkets rallied overnight as the Dow jumped 1.8% higher boosted by the mostly positive earnings growth that saw all 11 major sectors in the S&P 500 closed higher. The immediate resistance is located at 25,000.

FBM KLCI: 1,685.94 pts (+2.21pts, +0.13%)
The FBM KLCI (+0.1%) extended its gains yesterday, lifted by bargain hunting in selected index heavyweights. The immediate support is located at 1,670.

Crude Palm Oil: RM2,169 (-RM18, -0.82%)
Crude palm oil prices retreated, taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,200.

WTI Crude Oil: $66.18 (-$0.86, -1.29%)
Crude oil prices extended its losses on concern over rising U.S. inventory level. The immediate resistance is located at US$70.

Gold: $1,222.93 (-$6.49, -0.53%)
Gold prices extended its losses after the U.S. Dollar continues to gain momentum against a basket of currencies. The immediate resistance is located around $1,250.

Economic Releases:
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Unemployment Rate, 6.00PM

Bursa Malaysia Trade Statistics - 30 Oct 18
Institutions:  Net BUY 52.4 mln (46.4%)
Retail:  Net BUY 0.5 mln (25.6%)
Foreign:  Net SELL 52.9 mln (28.0%)

Potential Momentum Stocks - 31 Oct 18 
Stock Name: PINEPAC (1902)
Entry: Buy above RM0.38
Target: RM0.42 (10.5%), RM0.445 (17.1%)
Stop: RM0.35 (-7.9%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: GCB (5102)
Entry: Buy above RM2.23
Target: RM2.52 (13.0%), RM2.70 (21.1%)
Stop: RM2.03 (-9.0%)
Shariah: No
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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