overlooking new york city's times square i'm melissa lee. traders are steve grasso, brian kelly, karen finerman and guy adami. stocks hitting their highest level of the year but a top technician says something is very wrong with this rally. he'll tell you what that is and how you can protect yourself. plus, fedex out with a big beat and the stock is surging after hours. the call getting under way right now and we'll bring you the latest and the implications on what that should mean for the broader markets, and later energy space is so bad right now that it could actually be good news for one very crucial part of the market. we'll tell what you that is, but, first, we start with what was the most northern day for the markets this year. both the dow and s&p 500 closing out their highest levels of the year as the fed left rates unchanged and signaled two rate hikes later on this year. now, that looks like the fed seemingly has cold feet so what are you doing with your portfolio at this...