Happy hump-day, one and all, and congratulations to anyone who had the guts to remain in the market after Tuesday's lackluster session (during which it looked like the rally effort was already fading). I think the reason for the rally is the obvious one. That is, even with a few red flags waving at the time, the Federal Reserve was still jockeying for a December rate hike when the Fed's governors met last month. With things not getting any worse - and maybe even a little better - in the meantime, I'd say the odds of a rate increase are even a little higher now than they were then. We'll explore what it did for stocks below, but first, we've got another batch of news from one of the site's Featured Stocks... Giggles N Hugs (GIGL). GIGL is On the Right Path For those of you who own and keep tabs on the website's Featured Stocks, you didn't miss the press release announcing Q3's results from Giggles N Hugs had been posted - there was no press release... at least not yet. I've just got my watchlist set up to search for SEC filings as well, and it just happened to find one for GIGL submitted last night. I'm willing to bet there's an official news release on the way. Anyway, they were good. The company continues to make forward progress with the top and bottom line, and that's a great sign that its business model is viable. The next stage of the plan is greater scale, via more store openings. In case you forgot (or didn't know in the first place), Giggles N Hugs is a restaurant concept which can only be described as a diametrical opposite to McDonald's. Instead of fat-filled, preservative-laden fried foods, Giggles N Hugs serves up fresh, organic, locally-sourced food kids still love to eat. And, instead of using a dinky toy in a colorful box to lure kids in, Giggles N Hugs offers a full-blown indoor playground to bounce around on. In all fairness, it's what Chuck E Cheese should have tried to become once parents collectively made the decision they wanted their children to start eating better. Anyway, GIGL is an up-and-comer, currently with three restaurants in the Los Angeles area, but with plans to open nine more by the end of 2017. While more restaurants are already on the radar, the company continues to refine its operating process at the three already open, figuring out how to maximize sales and minimize costs before pulling the trigger on the other openings. I'd say it's pretty much gotten the fiscal part of the business down to a science. They say a picture is worth a thousand words, so I'll let the graph of the company's past eight quarterly results do most of the talking today. The top line is broadly trending higher. Operating expenses are stabilizing. Gross profits are growing. And, operating losses are shrinking. There's really no way to say Giggles N Hugs isn't on the right track. Sure, it would be great if GIGL was profitable right now. You people know how this works though - if you wait until all the risk is gone and earnings growth is guaranteed, you're likely to miss out on the lion's share of any gains from GIGL. It's all about where a company is going, and Giggles N Hugs is moving in the right direction. I'm really looking forward to seeing revenue firmly outpace operational expense growth as more units are opened. Like I said, there's no official press release. You guys are being given something a lot of people don't realize yet. For more on Giggles N Hugs, you can visit the SCN research page here. Up and Over As our chart of the S&P 500 below shows, the index hurdled the 20-day and the 200-day moving average lines in one fell swoop today. It is what it is. Do I think it'll last? You know, my inner-trading scientist is telling me to not fight the tape - crosses of key moving average lines are a proven buy or sell signal. Besides, we're getting into the time of year where things are bullish just because they're supposed to be bullish. Then there's my inner rational, reasonable guy ready to point out how there's nothing fundamentally driving this rally. This is 100% a response to the Fed's suggested confidence in the economy, whether or not that confidence is merited. There's nothing inherently wrong with that. But, with the S&P 500 currently valued at a P/E of 19.8, even taking the energy sector's implosion out of the equation it's tough to say there's room to add any additional value from here except with the occasional news like today's. But, those gains may not hold up on non-news days. Well, my inner-trading scientist is winning the battle, though just barely. More than anything else right now I'm listening to John Monroe over at the Elite Opportunity, who I shouldn't have doubted on Tuesday when he said such a move today was likely, and then further explained why. I suppose I can share this with you now, since we're mostly looking in the rear-view mirror - here's what John told EO members on Tuesday: "It still remains to be seen, but when you consider all of our recent analysis over the last several weeks, we have no reason to change our thinking yet. I've included both daily charts of the NASDAQ Composite and the S&P 500 below [only the S&P 500 is shown below for you guys], along with the same displaced moving averages (DMA's) and retracement levels we've been referencing for a while. As you can see, the markets reversed themselves perfectly almost to the exact numbers we continued to reference....With that, if you entered or are planning on entering into any bullish leveraged index ETF's, make sure to use just behind yesterday's low on the NASDAQ as you short-term SSL. Unless that gets breached, it's all systems go to the upside." Here's the S&P 500 chart he was talking about. There's more commentary and context, obviously, but you get the gist - the indices were at very important lines in the sand, and pushed off of them between Monday and Tuesday. I ignored that pushoff. John didn't. I wish I had paid more attention to what John was saying then, because he saw today's rally coming. The charts were predicting a bullish response to the release of the Fed's meeting minutes as far back as Monday. Nobody really knows where stocks will move next, but for Elite Opportunity members, it doesn't really matter - they've already got a nice profit cushion to work with. If this market is confusing you, then you need to add the Elite Opportunity newsletter to your arsenal. You'll be far better off. Here's how, or just cut and paste this link: https://www.smallcapnetwork.com/pages/SCNEO/v1/