Remember AIG? Well, it's up 20% in a month and looking good.

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 5th of March.

IBM hits $200!  Is this the top for this stock?
We will show you a way to measure how far a move can go in today's video.

It's not over yet for Crude Oil!
Don't let this lull in crude oil fool you.

3 Stocks on the move today:
AMERICAN INTERNATIONAL GROUP (AIG), BIG LOTS INC (BIG), and WPX ENERGY INC (WPX).
Did MarketClub's Trade Triangle technology get it right on these three stocks?

SECTORS on the move today:
CONSUMER GOODS:  -0.46%
SERVICES:  -0.33%
HEALTHCARE:  -0.49%
ENERGY:  -1.17%
TECHNOLOGY:  -0.98%
FINANCIAL:  -0.36%
INDUSTRIAL GOODS:  -0.52%
MATERIALS:  -1.82%
UTILITIES:  -0.25%

Now, let's analyze the markets using MarketClub's Trade Triangle Technology.
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S&P 500 INDEX
BIG PICTURE:  Emerging Trend  +75
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bullish | Daily = Bearish

We would not be surprised to see further fall back to the $1,353 level, which is a 61.8% Fibonacci retracement. Overall trend continues to be very positive, however we suspect we will see more consolidation in this index before it moves higher. Longer-term we expect this market to move up to the $1,550 to $1,600 level by late May, early June based on our cyclic work. With two of our Trade Triangles green, a bull market is underway.  Long and Intermediate term traders should be holding long positions in this index with appropriate money management stops.
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See suggested S&P 500 trading instruments HERE.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
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SILVER (SPOT)
BIG PICTURE: Trading Range  +55
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bullish | Daily = Bearish

The silver market now has a confirmed top in place just over the $37 an ounce level. We continued to think this market can and will move lower toward the end of the month. With a Score of +55, the silver market is now in a trading range. Our long-term monthly Trade Triangle remains positive on silver. This particular indicator has done extremely well in the past. Long and intermediate term traders should be holding long positions in silver with appropriate money management stops.
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See suggested SILVER trading instruments HERE.
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GOLD (SPOT)
BIG PICTURE: Trading Range  -65
TRADE TRIANGLES: Monthly = Bearish | Weekly = Bearish | Daily = Bearish

A close in gold below the $1,700 level today should be viewed as negative. We are expecting gold to be on the defensive for the balance of March. Presently, we are negative on gold and we expect it to trade down to much lower levels. We would not rule out a pullback in gold to the $1,650 level. With all our Trade Triangles negative, we expect this market to move lower. Long-term and intermediate term traders should be in short positions in gold with appropriate money management stops.
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See suggested GOLD trading instruments HERE.
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COPPER (MAY 2012)
BIG PICTURE: Trading Range  -50
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bearish

We are looking for a possible pullback tomorrow to the $3.80 level. We believe that area will be an area to be a buyer with tight stops. That would represent a 61.8% pullback and the potential of making a right shoulder of a head and shoulders base. We continue to view the longer-term trend in copper as positive. Look for support this week at the $3.80 level. The market action looks as though it has created a large base to move higher in the future. Long term traders should now be holding long positions in this index with appropriate money management stops.
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See suggested COPPER trading instruments HERE.
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CRUDE OIL (APRIL 2012)
BIG PICTURE: Strong Trend  +85
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bullish | Daily = Bearish

We are expecting oil to regroup over the $105 level and generate enough energy to push it to new highs. We are looking for crude oil to make its highs probably somewhere in the May period.  With a Score of +85, this market is in a strong trend to the upside. We remain longer term positive on this market. With our monthly and weekly Trade Triangles in a positive mode, we expect we will see further gains in crude oil. All traders should be long this market with appropriate money management stops.
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See suggested CRUDE OIL trading instruments HERE.
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DOLLAR INDEX
BIG PICTURE: Emerging Trend  +75
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bullish

The next major level of resistance for the dollar index is $80.00. With a Score of +75, this market could be entering an emerging trend. Long term traders using our monthly Trade Triangles should maintain long positions with the appropriate stops in place.

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See suggested DOLLAR INDEX trading instruments HERE.
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REUTERS/JEFFERIES CRB COMMODITY INDEX
BIG PICTURE: Strong Trend  +85
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bullish | Daily = Bearish

As we mentioned in last week's comments, a pullback like today was seen more as a buying opportunity than a selling opportunity. With a Score of +85, we expect this market to move higher. Look for any pullbacks to be met by good support. Long-term and intermediate term traders should hold long positions in this index with appropriate money management stops.
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See suggested REUTERS/JEFFERIES CRB COMMODITY INDEX trading instruments HERE.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
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This is Adam Hewison for MarketClub, and I'll see you tomorrow with my mid-day update. Have a profitable trading day.

Take care,
Adam Hewison
President INO.com and co-founder of MarketClub.com