Dow Jones: 26,864.27 pts (-333.75pts, -1.23%)
U.S. stockmarkets took a dive overnight as the Dow sank 1.2% after the U.S. Federal Reserve cut its benchmark interest rate for the first time since 2008 and signals for a less aggressive stance on future rate cuts. The immediate resistance is located at 27,500.

FBM KLCI: 1,634.87 pts (-7.82pts, -0.48%)
The FBM KLCI (-0.5%) trended lower for the third straight session in line with the weakness across its regional peers yesterday. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,070 (+RM9, +0.44%)
Crude palm oil prices rebounded as the Ringgit trended lower against the Greenback. The immediate resistance is located around RM2,100.

WTI Crude Oil: $58.58 (+$0.53, +0.90%)
Crude oil prices extended its gains, lifted by the lower weekly U.S. inventory level. The immediate resistance is located at US$60.

Gold: $1,413.78 (-$17.10, -1.19%)
Gold prices formed a bearish engulfing candle to wipe out all its previous three session gains on the less aggressive rate cut stance from the U.S. Federal Reserve. The immediate support is located around $1,400.

Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 4.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM
US - United States' Markit Manufacturing PMI, 10.00PM
US - United States' ISM Manufacturing PMI, 10.00PM

Technical Trading Stocks - 1 Aug 19 
Stock Name: OCNCASH (0049)
Entry: Buy above RM0.43
Target: RM0.465 (8.1%), RM0.49 (14.0%)
Stop: RM0.405 (-5.8%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: KGB (0151)
Entry: Buy above RM1.30
Target: RM1.38 (6.2%), RM1.41 (8.5%)
Stop: RM1.26 (-3.1%)
Shariah: Yes
Technical: Bullish harami candle

Source: Bloomberg, M+ Online

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