Dow Jones: 24,528.22 pts (-208.98pts, -0.84%)
Wall Street was hit by a series of weaker-than-expected earnings from Caterpillar and Nvidia as the Dow fell 0.8% overnight. The immediate resistance is located at 25,000.

FBM KLCI: 1,697.50 pts (-3.53pts, -0.21%)
The FBM KLCI (-0.2%) retreated alongside with the negative sentiment across regional peers after falling into the negative territory within the first trading hour yesterday. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,327 (+RM33, +1.44%)
Crude palm rallied to six months high, taking cue from the higher soybean oil prices, coupled with optimism over improve demand. The immediate resistance is located around RM2,350.

WTI Crude Oil: $51.99 (-$1.70, -3.17%)
Crude oil prices took a beating on concern over the slowdown in global growth could trim demand, coupled with rising U.S. production. The immediate resistance is located at US$55.

Gold: $1,303.36 (-$1.89, -0.14%)
Gold prices staged a mild pullback on profit taking activities from the previous session rally. The immediate resistance is located around $1,300.

Potential Momentum Stocks - 29 Jan 19 
Stock Name: BJTOTO (1562)
Entry: Buy above RM2.20
Target: RM2.28 (3.6%), RM2.38 (8.2%)
Stop: RM2.14 (-2.7%)
Shariah: No
Technical: Monitor for breakout

Stock Name: RANHILL (5272)
Entry: Buy above RM1.20
Target: RM1.29 (7.5%), RM1.33 (10.8%)
Stop: RM1.15 (-4.2%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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