Dow Jones: 24,553.24 pts (-22.38pts, -0.09%)
U.S. stockmarkets ended on a mixed note after enduring a choppy trading session as the Dow fell 0.1%, but the S&P 500 added 0.1% as the latter was boosted by gains in the technology sector (+0.9%). The immediate resistance is located at 25,000.

FBM KLCI: 1,693.59 pts (+5.45pts, +0.32%)
The FBM KLCI (+0.3%) advanced in line with the positive sentiment across regional peers, boosted by gains in banking heavyweights yesterday. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,297 (+RM14, +0.61%)
Crude palm oil extended its gains after the Ringgit depreciated against the Greenback. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.13 (+$0.51, +0.97%)
Crude oil prices extended its gains as U.S. looks into the possibility of sanctioning Venezuelan oil sector. The immediate resistance is located at US$55.

Gold: $1,281.21 (-$1.51, -0.12%)
Gold prices extended its losses after the Greenback appreciated against a basket of currencies. The immediate resistance is located around $1,300.

Economic Releases:
US - United States' New Home Sales, 11.00PM

Potential Momentum Stocks - 25 Jan 19 
Stock Name: IJM (3336)
Entry: Buy above RM1.83
Target: RM2.00 (9.3%), RM2.16 (18.0%)
Stop: RM1.70 (-7.1%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: FRONTKN (0128)
Entry: Buy above RM0.75
Target: RM0.805 (7.3%), RM0.855 (14.0%)
Stop: RM0.70 (-6.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.