Dow Jones: 24,737.20 pts (+183.96pts, +0.75%)
U.S. stockmarkets advanced as the Dow gained 0.8% after U.S. President Donald Trump and his political counterparts agreed to temporary re-open the government until mid-February 2019. The immediate resistance is located at 25,000.

FBM KLCI: 1,701.03 pts (+7.44pts, +0.44%)
The FBM KLCI (+0.4%) closed above the 1,700 psychological level last Friday, as gains were in line with the positive developments across regional peers. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,294 (-RM3, -0.13%)
Crude palm halted a seven-day winning streak after erasing all its intraday gains, dragged down by the stronger Ringgit against the U.S. Dollar. The immediate resistance is located around RM2,340.

WTI Crude Oil: $53.69 (+$0.56, +1.05%)
Crude oil prices trended higher on potential decline in world crude oil supply that offset the rising U.S. production. The immediate resistance is located at US$55.

Gold: $1,305.25 (+$24.04, +1.87%)
Gold prices closed sharply higher to breakout above the US$1,300 psychological level, boosted by the weakness in the Greenback against a basket of currencies, coupled with geopolitical turmoil in the Eurozone. The immediate resistance is located around $1,300.

Economic Releases:

Potential Momentum Stocks - 28 Jan 19 
Stock Name: MI (5286)
Entry: Buy above RM2.35
Target: RM2.49 (6.0%), RM2.64 (12.3%)
Stop: RM2.22 (-5.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: PIE (7095)
Entry: Buy above RM1.55
Target: RM1.65 (6.5%), RM1.77 (14.2%)
Stop: RM1.46 (-5.8%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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