Weak US Dollar.

With this current strong bull run,most Asian currencies are beginning to appreciate whereas the US dollar is still not catching up.

Bank of Thailand (BoT) Governor Tarisa Watanagase on Monday revealed the central bank will produce a new package of measures to encourage private companies and local investors to invest more overseas in a bid to contain the baht appreciation.
Private companies are allowed by the BoT to invest in debt instruments and securities overseas.
From the beginning of this year to the first quarter, the baht had appreciated 4 per cent against the US dollar while Indonesian rupiah had strengthened 16-17 per cent and South Korean won had risen 13-14 per cent.

In the medium level it had not caused Thailand to lose its competitiveness,the stronger baht is due to the trade surplus as imports is reduced in a greater amount of exports.

With the world crude oil shooting up in tandem with the US stock market,this will translate into buying cheap oil as well.

Tracking the Dow,Monday 03/08/09.
9:30am:--Bullish 50.0 points gap-up. followed by immediate gap refill.

Solid gains in Europe spill-over.

10:30am:--First hour high with bearish dark clouds cover.

The ISM Manufacturing Index for July came in at 48.9, up from 44.8 and above the 46.5 that was widely expected.

11:30am:--Pullback to MAV support with inverted bulls noticed.

The weak dollar continues to add price support to precious metals, which are trading near session highs currently.September crude oil broke $71 earlier this morning and hit new highs again in recent trading of $71.82 per barrel.

12:30pm:--A slight retracement being pulled back to MAV support again.
Shares of Bank of America (BAC 15.37, +0.58) recently came under pressure following news that the company is facing charges by the SEC that the bank made false statements regarding its purchase of Merrill Lynch.

1:30pm:--Retracement to near day's high.Overall candlestick is white bullish.

Broad-based bullish sentiment has helped drive commodity prices, along with equities, higher this session

2:30pm:--A new high being established.

The Standard & Poor's 500 index is four digits again.The S&P is used as a benchmark for many mutual funds.

3:30pm:--Another attempt to break the high but a bearish harami has checkmate it.

Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its executives, regulators said Monday.

4:00pm:--A bullish ending with unshaven top so there's no upper shadow to work with so has to goback downstream.

The breakout of the 52 weeks MAV resistance.

The bull rally in the US has begun.
In fact from Bombay Stock in the Indian sub-continent to Asia-Pacific and Australasia,all their indicies have already pierced through their repective 52 weeks MAV ahead of the US.
The bull run is just beginning to realise its strength.