Hello Everyone,

As far as my market reversal levels it was a really slow week as most of the pairs I watch were in a fairly small range.

It appears that the Euro and the GBP are starting to show signs of breaking down on the intermediate trend.  Keep in mind  that in the really big picture they are still up.

What this simply means is that if your opening new buy positions in these pairs or any pair that is betting against the Greenback then BE CAREFUL!

A lot of traders ask me how I come up with my levels each week.  Well last summer I taught a 6 week class which taught traders the "Method To My Madness".   Anyway, I recorded these classes and if anyone is interested I'm making them available at a reduced rate.  Just email me for details.

 HOT STOCKS:  One of my passions in trading is penny stocks and small cap stocks. Maybe its because I can feel like a big time trader buying 100,000 shares. Or maybe its because my retirement portfolio is up almost 500% in 3 1/2 years mostly due to a few penny stock trades.

Last week I had a trader contact me and they said he was good at picking penny and small cap stocks and asked if I was interested in telling my readers.

Being there is a lot of crap out there I told him I would need to watch his signals real-time to evaluate things. So he agreed to send me his trade of the week for the next four to six weeks..  Well last Friday which was June 17  he reccommended a buy on a stock symbol MOBI.  The entry was to be near $6.18 and the stop loss was at $5.90.

The stock ended up getting stopped out at $5.90 nnd then he reissued the buy signal again when the price came back to $6.18. Well on Friday June 24th it hit a intra-day high of $8.75.  Thats near 40%

 NOTE:  I was going to pass the MOBI pick onto all my readers so  we could watch this guy and see if he was any good.  Anyway, I had cold feet as I starting worrying about how it would look if the guy wasn't any good.

With that said, I'm going to pass on his trades so that anyone who's interested can help me "beta-test" his stock picking skills.  If he doesn't live up to his claims then no harm, but if he does then thats ok too.

NEWEST STOCK: Buy XDSL - One note on this one is it is a true penny stock as it is under 1 penny.  So lets keep an eye on this one together.

 Until next week, peace and prosperity,

Jeff Wilde