Dow Jones: 23,787.45 pts (+256.10pts, +1.09%)
U.S. stockmarkets extended its gains as the Dow jumped 1.1%, boosted by optimism over the trade talks between U.S. and China. The immediate resistance is located at 24,000.

FBM KLCI: 1,672.76 pts (-6.41pts, -0.38%)
The FBM KLCI (-0.4%) gave up some of its previous session gains on weakness in glove manufacturing blue chip companies yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,178 (+RM18, +0.83%)
Crude palm oil prices rebounded on expectation that production might have peaked and demand is set to improve. The immediate support is located around RM2100.

WTI Crude Oil: $49.78 (+$1.26, +2.60%)
Crude oil prices extended its gains for the seventh continuous session, spurred by optimism over trade talks between U.S. and China. The immediate resistance is located at US$50.

Gold: $1,285.39 (-$3.82, -0.30%)
Gold prices retreated as demand for safe haven assets fell. The immediate resistance is located around $1,300.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
EU - Eurozone's Unemployment Rate, 6.00PM

Potential Momentum Stocks - 9 Jan 19 
Stock Name: GCB (5102)
Entry: Buy above RM2.86
Target: RM3.10 (8.4%), RM3.25 (13.6%)
Stop: RM2.64 (-7.7%)
Shariah: No
Technical: Monitor for trendline breakout

Stock Name: SUPERLN (7235)
Entry: Buy above RM1.20
Target: RM1.30 (8.3%), RM1.38 (15.0%)
Stop: RM1.15 (-4.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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