Dow Jones: 26,180.30 pts (+545.29pts, +2.13%)
U.S. stockmarkets closed sharply higher overnight as the Dow jumped 2.1% after investors cheered on the expected outcome of U.S. mid-term election. The immediate resistance is located at 26,500.

FBM KLCI: 1,714.88 pts (+6.08pts, +0.36%)
The FBM KLCI (+0.4%) recovered all its previous session losses, boosted by the eleventh hour buying support in selected index heavyweights yesterday. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,111 (-RM11, -0.52%)
Crude palm oil prices extended its losses to close at three-year low, dragged down by the rising supply. The immediate support is located around RM2,100.

WTI Crude Oil: $61.67 (-$0.54, -0.87%)
Crude oil prices trended lower for the eighth straight session as the rising U.S. inventory level offset OPEC plans to trim production in 2019. The immediate support is located at US$60.

Gold: $1,226.49 (-$0.70, -0.06%)
Gold prices retreated as demand for safe haven assets faded after the U.S. mid-term election results. The immediate resistance is located around $1,250.

Economic Releases:
JP - Japan's Machinery Orders, 7.50AM
MY - Malaysia's Bank Negara's Interest Rate Decision, 3.00PM

Potential Momentum Stocks - 8 Nov 18 
Stock Name: TECFAST (0084)
Entry: Buy above RM0.405
Target: RM0.435 (7.4%), RM0.455 (12.3%)
Stop: RM0.380 (-6.2%)
Shariah: No
Technical: Monitor for breakout

Stock Name: D&O (7204)
Entry: Buy above RM0.910
Target: RM0.960 (5.5%), RM1.000 (9.9%)
Stop: RM0.860 (-5.5%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

Bursa Malaysia Trade Statistics on 7 Nov 18 are not available

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