Summer Sugar Rush in Effect

While the Fed statement accompanying its decision to stand pat earlier may be construed as somewhat hawkish, in reality the Fed has not taken away the punch bowl by raising rates. And, as is often the case in life, actions speak louder than words.

To that point, precious metal and miners are seemingly galvanized by the Fed's decision, rallying impressively as I write this as most of them have been basing in a fairly benign manner of late, digesting their explosive year-to-date gains. 

Facebook earnings tonight, among others, will certainly be pivotal. However, when I see the likes of WIX surging after its own earnings, it is hard not to keep looking for fresh ideas to participate in the market rally, such as biotechnology issues are doing go late. I will cover those ideas in the full video recap from Members tonight. 

In the meantime, I am looking to see if the metals and miners continue to build for a new leg higher.