Dow Jones: 25,543.27 pts (+117.51pts, +0.46%)
U.S. stockmarkets extended their gains overnight as the Dow added 0.5% as optimism over U.S.-China trade deal persisted, coupled with the contained inflation that only rose 1.6% Y.o.Y in January 2019 - the slowest pace since June 2017. The immediate resistance is located at 26,000.

FBM KLCI: 1,685.30 pts (-2.11pts, -0.13%)
The FBM KLCI (-0.1%) bucked to mostly positive performance across regional peers after enduring a choppy trading session yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,250 (-RM4, -0.18%)
Crude palm oil prices erased all its intraday gains to close lower for the fourth straight session, taking cue from the lower soybean oil prices. The immediate support is located around RM2,200.

WTI Crude Oil: $53.90 (+$0.80, +1.51%)
Crude oil prices rebounded as Saudi Arabia and Venezuela product cuts overwhelmed the rising U.S. supply. The immediate resistance is located at US$55.

Gold: $1,306.27 (-$4.53, -0.35%)
Gold prices retreated as demand for safe haven asset fades. The immediate resistance is located around $1,350.

Economic Releases:
MY - Malaysia's 4Q2018 GDP Growth Rate, 12.00PM
US - United States' Producer Price Index, 9.30PM

Potential Momentum Stocks - 14 Feb 19 
Stock Name: KPS (5843)
Entry: Buy above RM1.34
Target: RM1.40 (4.5%), RM1.47 (9.7%)
Stop: RM1.30 (-3.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MBSB (1171)
Entry: Buy above RM1.05
Target: RM1.11 (5.7%), RM1.17 (11.4%)
Stop: RM1.00 (-4.8%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.