Dow Jones: 25,014.86 pts (+434.90pts, +1.77%)
U.S. stockmarkets trended sharply higher overnight as the Dow jumped 1.8% to close above the 25,000 psychological level, boosted by the U.S. Federal Reserve dovish tone on future rate hikes. The immediate resistance is located at 25,500.

FBM KLCI: 1,684.11 pts (-6.30pts, -0.37%)
The FBM KLCI (-0.4%) recorded its third day losing streak as investors continue to book in recent gains ahead of the holiday-shortened trading week. The immediate resistance is located at 1,710.

Crude Palm Oil: RM2,303 (+RM9, +0.39%)
Crude palm oil prices rebounded on improved monthly export shipments data. The immediate resistance is located around RM2,350.

WTI Crude Oil: $54.23 (+$0.92, +1.73%)
Crude oil prices extended its gains, lifted by the lower-than-expected increase in U.S. inventory level last week. The immediate resistance is located at US$55.

Gold: $1,319.91 (+$8.12, +0.62%)
Gold prices extended its gains after the Greenback retreated against a basket of currencies, due to the dovish U.S. Federal Reserve tone on future rate hikes. The immediate resistance is located around $1,350.

Economic Releases:
CN - China's Non-Manufacturing PMI, 9.00AM
CN - China's NBS Manufacturing PMI, 9.00AM
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Unemployment Rate, 6.00PM

Potential Momentum Stocks - 31 Jan 19 
Stock Name: FRONTKN (0128)
Entry: Buy above RM0.81
Target: RM0.86 (6.2%), RM0.89 (9.9%)
Stop: RM0.77 (-4.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: FAJAR (7047)
Entry: Buy above RM0.38
Target: RM0.42 (10.5%), RM0.43 (13.2%)
Stop: RM0.35 (-7.9%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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