Reuters-U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline.

Financials, which have been under pressure following negative news on Deutsche Bank (DB.N) and Wells Fargo (WFC.N), were down ahead of quarterly results due Friday from Wells Fargo, JPMorgan Chase (JPM.N) and Citigroup (C.N). The S&P financial index .SPSY fell 1.1 percent.

Reviving concerns about the health of the world’s second-largest economy, data showed China’s exports fell 10 percent in September, far worse than markets had expected, while imports unexpectedly shrank.

Stocks pared losses late along with energy shares. Oil prices rebounded to end higher. A U.S. government report of larger-than-expected draws in diesel and gasoline helped prices rebound. The S&P energy index .SPNY ended down 0.7 percent.

“The catalyst, I think, to start getting some trades in (late) was oil prices stabilizing, and just the fact that short term we were oversold,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Uncertainty over the U.S. presidential race as the Nov. 8 vote looms and the chance for extra bank regulation could be adding to weight for financials, he said.

The Dow Jones industrial average .DJI was down 45.26 points, or 0.25 percent, to 18,098.94, the S&P 500 .SPX lost 6.63 points, or 0.31 percent, to 2,132.55 and the Nasdaq Composite .IXIC dropped 25.69 points, or 0.49 percent, to 5,213.33.

The Dow recovered from an intraday low of 17,959.95.

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KLSE StockAlliance:
14/10/2016 Stock Picks
1. CAB / SUNSURIA / HOMERIZ
2. KGB / ILB / N2N
3. Follow our channel closely during trading hours

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The Trusted Bursa Analyst:
Stocks to watch today are : !

KGB : Cut loss 0.28, TP 1: RM 0.33 , TP2: RM 0.44

Evergrn: Cut loss 1.04, TP1 :1.16, TP2 : 1.30

VS: Seems like going to breakout. Entry price at 1.46- 1.48. TP1: RM 1.58, TP2: RM 1.67, Stop loss at 1.43

Destini: Entry Price: Buying on breakout entry price: 0.84 – 0.85. TP1: RM 0.9, TP2: RM 1.00, Stop loss: RM 0.815.

Good luck this Friday

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS FRIDAY (14/10/2016):

FBMKLCI STRONG SUPPORT LIKE NO OTHER

Dear All,

The FBMKLCI closed lower at -2.01 point or -0.12% to close at 1665.02.

FBMKLCI remain sideways and supported so well like no other country. At this moment, we totally no idea how long our market can support.

DJIA finally break 18000 at the moment, if closing low it’s a big red alert signal which will possible continue to fall towards 17400. It’s highly possible to see a downtrend before US election. Unless later DJIA able to close high, forming a hammer candle, then will remain sideway.

We been waiting the market to fall, at such we are ready to collect good stock if any oversold happen. Don’t have to rush !

Follow us closely !
https://telegram.me/ltachannel !

If don’t want to get wet, ready umbrella every Friday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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M+ Online Morning Buzz – 14Oct16

Dow Jones: 18,098.94 pts (-45.26pts, -0.25%)
U.S. stockmarkets plunged at the start of the session on the back of further weakening of the Sterling Pound. However, bargain hunting activities emerged, recouping earlier losses and the Dow managed to close above the 18,000 level.

FBM KLCI: 1,665.02 pts (-2.01pts, -0.12%)
Tracking softer performance on the overnight Dow, negative sentiments may extend on Bursa Malaysia and the FBM KLCI may slid towards the 1,640 level.

Crude Palm Oil: RM2,618 (-RM35, -1.32%)
Crude palm oil pulled back after prices traded near the RM2,650 level on the back of mild profit taking activities. The support will be set around RM2,600

WTI Crude Oil: $50.44 (+$0.24, +0.48%)
Crude oil stayed above the US$50 level, the trend is still intact and may retest the US$55 level over the near term.

Gold: $1,258.09 (+$3.44, +0.27%)
Gold rebounded as market volatility heightened after the Dow fell below the 18,000 level. Gold may rebound towards the US$1,300 level.

Economic Releases:
China – China PPI Y.o.Y – 14Oct16, 9:30AM
China – China CPI Y.o.Y – 14Oct16, 9:30AM

Bursa Malaysia Trade Statistics – 13Oct16
Institutions:  Net BUY 51.6 mln (60.2%)
Retail:  Net SELL 5.6 mln (12.9%)
Foreign:  Net SELL 46.0 mln (26.9%)

Potential Momentum Stocks – 14Oct16
Stock Name: ILB (5614)
Entry: Buy above RM0.84
Target: RM0.89 (6.0%), RM0.975 (16.1%)
Stop: RM0.815 (-3.0%)
Shariah: No
Technical: Sideways consolidation breakout

Stock Name: SKPRES (7155)
Entry: Buy above RM1.33
Target: RM1.44 (8.3%), RM1.50 (12.8%)
Stop: RM1.28 (-3.8%)
Shariah: Yes
Technical: Short term trendline breakout

Source: Bloomberg, M+ Online

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FAt TA:
Salam and Morning All

MACRO : U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline (investing. com).

MICRO :  Market was active yesterday despite index was in the red during majority of trading hours.

WHAT TO EXPECT? : Market looks good for further rally. Traders should be active on buying on weakness and selling on strength.

Below are my Watch List for SWING counters (14/10/2016)

SKPRES
EP : ABOVE 1.350
SL : BELOW 1.320
TP :  1.480

ECONBHD
EP : ABOVE 1.780
SL : BELOW 1.720
TP :  1.960

Happy trading.

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Dear My Value Client,
Potential stock to buy today:
Date/日期 : 14/10/2016

1) IQGROUP (5107)
Price/现价           : 2.23
Target price/目标价: 2.36/2.50
Cut loss/止损价    : 1.85
**syariah
Sector/领域: consumer

2) INARI (0166)
Price/现价           : 3.42
Target price/目标价: 3.66/3.82
Cut loss/止损价   : 3.18
** syariah
Sector/领域: technology

3) LATITUD (7006)
Price/现价           : 5.19
Target price/目标价: 5.73
Cut loss/止损价    : 4.62
**syariah
Sector/领域: consumer

4) AWC (7579)
Price/现价           : RM0.815
Target price/目标价: RM0.90
Cut loss/止损价   : RM0.73
**Syariah
Sector/领域: Trading and Services

Source : RHB RESEARCH INSTITUTE

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