If you are a Father, we hope you had a great day yesterday. Once again, the media has overplayed Europe's impact on the markets with Greece's election yesterday being nothing short of a non-event. The media built it up all last week and now they have nothing to work with other than talking about who won and who lost. Last time I checked, the rest of the World's markets never seem to make a huge deal about our own elections here at home because at the end of the day, nothing affects a country's financial landscape more than what happens in their own country, which is something we've been saying now for a long time. Advertisement 20 Best Stocks For the Next 12 Months This market is creating many amazing profit opportunities for investors who understand the powerful economic forces at work. Louis Navellier's new report, 20 Best Stocks for the Next 12 Months gives you a rare sneak preview of the very best trend-riding companies that you should immediately purchase. Get your free report today. Advertisement If you remove even the thought of a Greek election, you wouldn't think for one New York minute that this market even knew it existed based on today's price action on the major indexes. Why? This market so far has been fairly predictable in terms of its range and what might happen if certain levels were broken. I think it's important to remember that unless a major unexpected shoe drops in the market, most everything you can possibly think of has been priced in since that's what the markets' do... trade in advance of expectations. Things are becoming much clearer with today's move above 2577 on the NDX. All three major indexes, the DOW, S&P and NDX, have popped their short-term resistance levels and are now providing a landscape of levels we can work with to again navigate our way to some index option profits. A few weeks back we mentioned the 2577 - 2613 level would act as the short-term resistance level that would determine if this market was going lower or if we would start seeing some tradable strength to the upside. Sure enough, last Monday when the NDX gapped up to exactly 2577, the market pulled back until Thursday when it started making a charge to retest that 2577 level for the second time. This morning, the NDX broke above that level and appears to now be heading for roughly 2638 - 2661, which would represent some key retracement levels from the initial selloff point we called back in early April. However, whether it goes there in a straight line or experiences some volatility in the process remains to be seen. Regardless, this gives you a nice range to work with in an attempt to scalp some short-term index option profits and also provide at least our first clue that this market may be on the mend. We're not out of the woods yet, but at least we're making some positive progress. Considering the possibility of volatility in the week ahead, it may be prudent to extend out your QQQ call option purchases to a few months unless you're willing to pick them up on weaker market days or short-term pullbacks on the hourly charts. Forgetting about the short-term for a minute, this market is doing what it can for the time being to make the NDX's June 4th low a low we can look back on as being an excellent long-term buying opportunity in the market. We suggested to our long-term investing Members to start trimming the bad apples and re-allocating their portfolios toward better ideas, while this market provided some discounted pricing over the last few months. So far, that has proved very prudent. YELP Starts to Cooperate Nicely for Us One of the ideas we had to take advantage of when this market was making new short-term lows was YELP. We're not going to get into the reasoning again why we so strongly suggested YELP roughly a month ago, but if you're interested, everything we've ever written on YELP can be found here under the articles heading: http://www.smallcapnetwork.com/Yelp-Inc/s/quote/p/s/YELP/. Just look for the articles there authored by "SmallCap Network." Specifically, here's the first SCN Newsletter edition we published initiating coverage on the stock back on May 22nd if you want to check it out. We are not as interested in YELP from a short-term perspective as much as we believe this stock may end up being a very rewarding long-term investing idea. However, for the short-term traders out there, I've included a daily chart here on YELP showing you the stock is now up against the 3/8 retracement level from its high to its low. Although we're already up over 13% on the stock right now, we'll see if it wants to pull back before gunning for $25. Usually, key retracement levels are met with some resistance before moving higher, so there may be an opportunity here soon to pick up more shares on the cheap or jump in if you haven't already. However, if the major indexes continue to show more strength, we may see shares of YELP at $25 in fairly short order. There's a lot of hype surrounding YELP being a big winner during Apple's key note speech at the Worldwide Developer's Conference but the bottom line is YELP is and will continue to be the Yellow Pages of old on steroids. The Company is extremely well position in the Social Media Space and I believe we've only seen the beginning of their creative monetization efforts. Time will tell but this is still one stock we're betting on for the future.