Dow Jones: 24,575.62 pts (+171.14pts, +0.70%)
U.S. stockmarkets endured a volatile trading session, before edging higher as the Dow added 0.7%, boosted by a string of strong corporate earnings from IBM, P&G and United Technologies. The immediate resistance is located at 25,000.

FBM KLCI: 1,688.14 pts (-13.98pts, -0.82%)
The FBM KLCI (-0.8%) halted a three-day winning streak, dragged down by weakness in selected oil & gas heavyweights after crude oil prices retreated. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,283 (+RM20, +0.88%)
Crude palm oil recovered all its intraday losses to close higher for the sixth straight session after China's palm oil imports surged to 15-months high in December 2018. The immediate resistance is located around RM2,300.

WTI Crude Oil: $52.62 (+$0.05, +0.09%)
Crude oil prices closed marginally higher as gains were capped by the unexpected U.S. weekly inventory build-up. The immediate resistance is located at US$55.

Gold: $1,282.72 (-$2.50, -0.19%)
Gold prices retreated as investors risk appetite returns to the forefront. The immediate resistance is located around $1,300.

Economic Releases:
MY - Malaysia's Bank Negara's Interest Rate Decision, 3.00PM
EU - Eurozone's European Central Bank Interest Rate Decision, 8.45PM

Potential Momentum Stocks - 24 Jan 19 
Stock Name: KPJ (5878)
Entry: Buy above RM1.05
Target: RM1.13 (7.6%), RM1.17 (11.4%)
Stop: RM0.995 (-5.2%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: HEVEA (5095)
Entry: Buy above RM0.645
Target: RM0.69 (7.0%), RM0.73 (13.2%)
Stop: RM0.605 (-6.2%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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