Dow Jones: 25,366.43 pts (+617.70pts, +2.50%)
Wall Street rallied overnight as the Dow jumped 2.5%, boosted by dovish comments on future interest rates hike by the U.S. Federal Reserve Chairman, Jerome Powell. The immediate resistance is located at 25,500.

FBM KLCI: 1,686.55 pts (+1.58pts, +0.09%)
The FBM KLCI (+0.1%) inched marginally higher after enduring a choppy trading session yesterday, boosted by bargain hunting activities in selected index heavyweights. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,014 (+RM48, +2.44%)
Crude palm oil prices snapped a three day losing streak to claw back above the RM2,000 psychological level as gains were line with the positive sentiment across related-oil commodities. The immediate support is located around RM1950.

WTI Crude Oil: $50.29 (-$1.27, -2.48%)
Crude oil prices formed a bearish engulfing candle, dragged down by the rising U.S. stockpiles. The immediate resistance is located at US$55.

Gold: $1,221.23 (+$6.18, +0.51%)
Gold prices rebounded after the Greenback retreated against a basket of currencies from the dovish U.S. Federal Reserve's comments on future rate hikes. The immediate resistance is located around $1,250.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
EU - Eurozone's Business Confidence, 6.00PM
EU - Eurozone's Services Sentiment, 6.00PM
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Industrial Sentiment, 6.00PM

Potential Momentum Stocks - 29 Nov 18 
Stock Name: VERTICE (7240)
Entry: Buy above RM0.90
Target: RM0.985 (9.4%), RM1.05 (16.7%)
Stop: RM0.825 (-8.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: D&O (7204)
Entry: Buy above RM0.85
Target: RM0.935 (10.0%), RM1.00 (17.6%)
Stop: RM0.785 (-7.6%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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