Commodity Prices

Gold •10 mins	2,335.50	-6.60	-0.28%
Platinum •10 mins	920.20	-2.60	-0.28%
WTI Crude •10 mins	83.47	+0.11	+0.13%
Gasoline •17 mins	2.733	+0.007	+0.27%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.32	-0.04	-0.15%

Silver • 10 mins	27.32	-0.04	-0.15%
Copper • 10 mins	4.489	+0.029	+0.65%
Brent Crude • 10 mins	88.55	+0.13	+0.15%
Natural Gas • 10 mins	1.807	-0.005	-0.28%
Heating Oil • 18 mins	2.577	-0.003	-0.10%

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Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania.

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Weekend Market Newsletter

By Robert McHugh - Nov 06, 2011, 9:17 AM CST

Stocks should decline this week, according to the highest probability Elliott Wave scenarios, and according to small Head & Shoulders top patterns unfolding. Downside targets are 11,000ish in the Industrials and 1,150ish in the S&P 500. We have a phi mate turn date due next Friday, November 11th. If prices fall hard this week, or move sideways, this turn will be a bottom. If prices rally, that turn should be a top.