Dow Jones: 24,706.35 pts (+336.25pts, +1.38%)
U.S. stockmarkets were closed for the Martin Luther King Jr. public holiday yesterday, whilst U.S. futures market pointed to a lower opening. The immediate resistance is located at 25,000.

FBM KLCI: 1,692.22 pts (+9.25pts, +0.55%)
The FBM KLCI (+0.6%) extended its gains alongside with the positive sentiment across regional peers last Friday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,226 (+RM28, +1.27%)
Crude palm oil prices trended higher for the fourth straight session, boosted by the gains in other related-oil prices. The immediate resistance is located around RM2250.

WTI Crude Oil: $53.80 (+$1.73, +3.33%)
Crude oil prices extended its gains after U.S. drilling activities declined. The immediate resistance is located at US$55.

Gold: $1,280.47 (-$1.64, -0.13%)
Gold prices extended its losses as demand for safe haven assets faded. The immediate resistance is located around $1,300.

Economic Releases:
UK - United Kingdom's Unemployment Rate, 5.30PM
US - United States' Existing Home Sales, 11.00PM

Potential Momentum Stocks - 22 Jan 19 
Stock Name: HIBISCS (5199)
Entry: Buy above RM1.01
Target: RM1.12 (10.9%), RM1.19 (17.8%)
Stop: RM0.94 (-6.9%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MI (5286)
Entry: Buy above RM2.33
Target: RM2.60 (11.6%), RM2.65 (13.7%)
Stop: RM2.16 (-7.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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