8/6/2011
9:00 am

Not looking good so far today. DJIA made a sudden fall after Bernanke didn't mention specifically that there will be a QE3. Crude oil is expected to drop lower by expected increase in daily production by OPEC. Crude oil went up today on news that US supply less than forecast. But this seems temporary to me. OPEC rise in daily production will likely make a longer lasting effect on price. The level of impact all depends on how much the daily quota will be increased.

Nearly all Asian indices opened down today, including Nikkei and Hang Seng. Yen strengthens against the dollar and euro.

Volcano in Chile affecting air travels.

Good luck today, but looks like another SET down move towards 1020 (I think).