Dow Jones: 22,859.60 pts (-464.06pts, -1.99%)
U.S. stockmarkets was beset by another round of selloff as the Dow sank 2.0% overnight on concern over the potential partial government shutdown unless both houses of Congress agree for US$5.00 bln extra funds for the expansion of U.S. southern border wall. The immediate support is located at 22,500.

FBM KLCI: 1,650.56 pts (-5.10pts, -0.31%)
The FBM KLCI (-0.3%) gave up some of its previous session gains as sentiment was dragged down by the renewed volatility in crude oil prices, coupled with the U.S. Federal Reserve hawkish move to raise its benchmark interest rates. The immediate resistance is located at 1,660.

Crude Palm Oil: RM2,185 (-RM13, -0.59%)
Tracking the weakness in soybean oil prices, crude palm oil prices halted a three-day winning streak yesterday. The immediate support is located around RM2100.

WTI Crude Oil: $45.88 (-$1.32, -2.83%)
Crude oil prices took a dive on expectation over rising U.S. production in 2019. The immediate support is located at US$40.

Gold: $1,259.86 (+$16.78, +1.35%)
Gold prices recovered all its previous session losses, spurred by the increasing demand for safe haven assets. The immediate resistance is located around $1,280.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
UK - United Kingdom's 3Q2018 GDP Growth Rate, 5.30PM
US - United States' 3Q2018 GDP Growth Rate, 9.30PM

Potential Momentum Stocks - 21 Dec 18 
Stock Name: SERBADK (5279)
Entry: Buy above RM3.72
Target: RM3.94 (5.9%), RM4.07 (9.4%)
Stop: RM3.56 (-4.3%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: LAYHONG (9385)
Entry: Buy above RM0.365
Target: RM0.41 (12.3%), RM0.44 (20.5%)
Stop: RM0.325 (-11.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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