Commodity Prices

Gold •400 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,343.10	-11.10	-0.82%
WTI Crude •10 mins	64.28	+0.40	+0.63%
Gasoline •10 mins	2.089	+0.012	+0.57%
Ethanol •400 days	2.161	+0.000	+0.00%
Silver •400 days	30.82	+1.16	+3.92%

Silver • 400 days	30.82	+1.16	+3.92%
Copper • 400 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.88	+0.45	+0.68%
Natural Gas • 10 mins	3.059	-0.008	-0.26%
Heating Oil • 10 mins	2.301	+0.034	+1.51%

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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.