Pretty colors... but what do they mean?

I am a Komodo defector and new to PhpStorm. So far, I am impressed and wondering why I suffered so long with Komodo. 

That said, I wish there was a reference for the desktop. I've been noticing visual queues that I have to believe are not random. 
For example, I'm coding some jQuery and noticed a red box appear.... 

Cute - but what does it mean? 

 

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Hi there,

That looks like Live Template placeholder. You must have invoked Live Template for the switch statement (and IDE has added some braces and stuff) and that red box indicates current editing place.

https://www.jetbrains.com/help/webstorm/using-live-templates.html

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