Commodity Prices

Gold •10 mins	1,866.10	-12.50	-0.67%
Platinum •10 mins	915.90	+0.80	+0.09%
WTI Crude •1 day	90.79	-0.92	-1.00%
Gasoline •1 day	2.440	-0.065	-2.61%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •10 mins	22.45	-0.29	-1.28%

Silver • 10 mins	22.45	-0.29	-1.28%
Copper • 10 mins	3.738	+0.030	+0.80%
Brent Crude • 1 day	95.31	-0.07	-0.07%
Natural Gas • 1 day	2.929	-0.016	-0.54%
Heating Oil • 1 day	3.362	+0.044	+1.33%

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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.