Markets got off to a decent start this week as it appears on the surface that the Street is surprised the Euro Finance Ministers are willing to bail out Spain. Although I don't think anyone should be surprised, we'll take the perception of it and ask no questions. We made it pretty clear last week that the potential for bad news may be priced into this market and that any positive news out of Europe would likely be favorable for U.S. equities. However, the reality is this market is simply hunting for a base and a bottom it can work with. Advertisement Outlawed by Uncle Sam This alternative investment was so exceptional at creating wealth, the U.S. government shut it down. But thanks to a legal loophole, you can tap into this opportunity once again for big cash payouts...Find out how, NOW. Click here to find out how. Advertisement The NDX gapped up to 2577 on the open this morning before moving lower... backing and filling the gap. If you remember early last week when the market was searching for a short-term bottom, we identified 2577 - 2613 as a range of resistance and then again on Friday we pointed out that 2613 would be a level worth buying some put options on the QQQ's. We're sticking with our analysis and will now wait and see if the NDX wants to trade up to that 2613 level or back off and retest the June 4th low. It's possible we may just get a slight pullback before gunning for that 2613 level or we may simply head back and test that low. We'll likely find out this week. Onward and upward. We'll start from the top down on our Featured Stock List today and provide updates on our three most recent ideas. Barring any major news or changes, we'll provide updates on the remaining three in tomorrow's edition. CALL Moving Like a Winner First up is our recent re-entry into CALL. We've done extremely well with CALL ever since initiating coverage early this year. On two separate occasions now we've pegged some excellent opportunities with the maker of magicJack and it appears we may have done it again. Last Thursday we issued an alert on CALL for another re-entry into the stock around $14.82. So far, we're up around 14% already on no news to speak of. We mentioned short sellers may have had their fill on the stock, so any short covering coupled with value investors looking to position themselves for the long haul might be enough to spark a pretty decent rally. So far, that most definitely appears to be the case. It's important to remember to never marry a stock unless you're decision is to be in a stock for years. Small caps, as well as penny stocks, tend to be pretty volatile to say the least so you've got to be opportunistic and take profits when it's given to you. Since everyone's risk tolerance and financial situation is different, we don't suggest when you should take money off the table, that's your call. No pun intended. However, we will suggest that when you're happy with your returns, you should always be willing to pull the trigger because hindsight is ALWAYS 20/20. The first time we brought you CALL, it yielded 100% returns if you pegged the top. Will shares of CALL do it again? It's possible but whatever you do, don't ever let a gain turn into a loss. Use protective stops, no matter what. That should, at the very least, provide you with locked in gains in CALL based on our initial entry alert. SCLN... Break Out or Fake Out? We brought you SCLN around $6.22 per share only six short trading days ago. The global specialty pharmaceutical Company with an impressive product portfolio of therapies for cancer and infectious diseases, has some nice underlying fundamental value but an equal part of our reasoning for our suggested entry into SCLN was technically driven as well. Shares of SCLN have held up nicely in the face of a weak market, but more importantly we suspected from a technical perspective the stock might want to test $6.94 to the upside, which represented the breakout high of March 14th of this year. Sure enough, this morning the stock moved higher testing and breaking above that $6.94 level trading as high as $7.08 before backing off a bit. That represented a gain of roughly 14% as well. However, we're not out of the woods yet. Why? It's a myth that when stocks break out to new highs, that they're a shoe in to move higher. Although that can often be the case, it's most definitely no guarantee. The most important aspect of a breakout is the price action and follow through following the breakout. Don't get me wrong, it's a great position to be in right now but we need to see the stock continue its momentum if it's ultimately going to test its high of almost $10 put in back in 2003. Just another example to take profits when they're given to you. It's taken shares of SCLN over eight years to start working its way back to that level, so don't get greedy if we continue to get follow through to the upside. Again, unless you're decision is to be in the stock for years. DMD Not in Demand Yet We brought you DMD back at the end of May at $9.50 a share. Although it hasn't held up too badly during the recent market selloff, we're down a little over 2% right now on the identifier, creator, distributor, and monetizer of in-demand and long-lived content formats. The Company's flagship sites are eHow.com, LIVESTRONG.com, and Cracked.com and provides its services to top tier sites online such as USATODAY.com. Ever since it's blowout earnings back in the beginning of May, the stock has quietly been trying to work its way back its May high of close to $10 per share. I suspect if the stock can grind its way back to that high and break above that $10 level, we could see DMD make a very significant move to the upside based on the volume and price action we've seen in the stock for over a month now. The Company’s been fairly quiet on the PR front until today when they announced they’re pursuing new generic Top Level Domains (gTLDs) as part of ICANN’s (Internet Corporation for Assigned Names and Numbers) expansion of the Internet domain name space. The Company is pursuing a diverse portfolio of gTLD names intended to help bring millions of digital destinations to life. Guided by a proprietary, data-driven methodology, the company selected gTLD names in categories connected to an extremely broad range of interests and capabilities including: ecommerce, personal & professional identity, education, entertainment, internet life, sports, small business and social media. That's just what Internet centric companies do, innovate and look for new opportunities, so although today's PR didn't seem to effect the stock much, it sure didn't hurt. For now, DMD still seems to be doing OK. Some stocks take a little more time to provide nice returns, so we'll continue to give DMD some time as long as we're not too upside down on the idea. See you tomorrow...