Dow Jones: 25,063.89 pts (+64.22pts, +0.26%)
U.S. stockmarkets advanced as the Dow gained 0.3% amid the stronger-than-expected jobs data, coupled with the positive developments stemmed by the on-going trade talks with China. The immediate resistance is located at 25,500.

FBM KLCI: 1,683.53 pts (-0.58pts, -0.03%)
The FBM KLCI (-0.03%) retreated for the fourth straight session after erasing all its intraday gains ahead of the extended weekend break on last Thursday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,299 (-RM4, -0.17%)
Crude palm oil prices retreated after the Ringgit appreciated against the Greenback. The immediate resistance is located around RM2,350.

WTI Crude Oil: $55.26 (+$1.47, +2.73%)
Crude oil prices formed a bullish engulfing candle after Saudi Arabia's production cut exceeded OPEC's target. The immediate resistance is located at US$60.

Gold: $1,317.98 (-$3.27, -0.25%)
Gold prices staged a pullback, dragged down by mild profit taking activities. The immediate resistance is located around $1,350.

Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
EU - Eurozone's Producer Price Index, 6.00PM
US - United States' Factory Orders, 11.00PM

Potential Momentum Stocks - 4 Feb 19
Stock Name: BAUTO (5248)
Entry: Buy above RM2.25
Target: RM2.40 (6.7%), RM2.47 (9.8%)
Stop: RM2.13 (-5.3%)
Shariah: Yes
Technical: Bullish harami candle

Stock Name: IJM (3336)
Entry: Buy above RM1.81
Target: RM1.95 (7.7%), RM2.07 (14.4%)
Stop: RM1.70 (-6.1%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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