Dow Jones: 23,327.46 pts (+265.06pts, +1.15%)
U.S. stockmarkets were powered higher on the final trading day of 2018 as the Dow jumped 1.2%, boosted by optimism that U.S. President Donald Trump will move toward a trade deal with China. Still, the Dow fell 5.6% Y.o.Y in 2018. The immediate resistance is located at 23,500.

FBM KLCI: 1,690.58 pts (-1.49pts, -0.09%)
The FBM KLCI (-0.1%) declined after retreating into the negative territory in the second half of the trading session on Monday as the key index fell 5.9% Y.o.Y in 2018. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,121 (RM0, 0.00%)
Crude palm oil prices closed flat after erasing all its intraday gains. The immediate support is located around RM2050.

WTI Crude Oil: $45.41 (+$0.08, +0.18%)
Crude oil prices advanced for the third straight session on optimism over OPEC and its allies’ production cut. The immediate resistance is located at US$50.

Gold: $1,282.60 (+$0.11, +0.01%)
Gold prices recorded its third day winning streak after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,280.

Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 5.00PM
US - United States' Markit Manufacrturing PMI, 10.45PM

Potential Momentum Stocks - 2 Jan 19 
Stock Name: ELSOFT (0090)
Entry: Buy above RM1.05
Target: RM1.13 (7.6%), RM1.21 (15.2%)
Stop: RM1.00 (-4.8%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: EDGENTA (1368)
Entry: Buy above RM2.700
Target: RM2.880 (6.7%), RM3.000 (11.1%)
Stop: RM2.540 (-5.9%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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