Dow Jones: 24,579.96 pts (+51.74pts, +0.21%)
U.S. stockmarkets closed mixed overnight as the Dow added 0.2% as investors monitor the upcoming trade talks between U.S. and China, coupled with the U.S. Federal Reserve policy meeting. The immediate resistance is located at 25,000.

FBM KLCI: 1,690.41 pts (-7.09pts, -0.42%)
The FBM KLCI (-0.4%) continues to trend lower in tandem with the weakness across its regional peers yesterday. The immediate resistance is located at 1,710.

Crude Palm Oil: RM2,294 (-RM33, -1.42%)
Crude palm retreated from six-month high, taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,350.

WTI Crude Oil: $53.31 (+$1.32, +2.54%)
Crude oil prices rallied after U.S. imposed sanctions on state-owned Venezuelan oil company, PDVSA which could potentially cut global supply by 600,000 barrels per day. The immediate resistance is located at US$55.

Gold: $1,311.79 (+$8.43, +0.65%)
Gold prices rebounded as demand for safe haven assets rose on political uncertainty in the Eurozone. The immediate resistance is located around $1,350.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
EU - Eurozone's Business Confidence, 6.00PM
EU - Eurozone's Services Sentiment, 6.00PM
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Industrial Sentiment, 6.00PM

Potential Momentum Stocks - 30 Jan 19 
Stock Name: YOCB (5159)
Entry: Buy above RM1.05
Target: RM1.10 (4.8%), RM1.15 (9.5%)
Stop: RM1.01 (-3.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: AWC (7579)
Entry: Buy above RM0.70
Target: RM0.765 (9.3%), RM0.79 (12.9%)
Stop: RM0.665 (-5.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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