Will Boeing ruin the breakout rally? This is an important moment for the markets. We are finally breaching the 2,800 level in the S&P 500 and have a shot at getting over 2,820. This is where five rallies have failed in the last six months, including ones in October, November, early December, late February and early March.Despite the Boeing concerns, the CBOE Volatility Index has dropped to 13, the low for the year.
The bad news: The week after this one tends to be a down week. Over the same time, the market has been up 10 times the week after first quarter quadruple witching but down 26.
There is zero reason why the market should be up. This level of manipulation is largely being ignored by media like CNBC!
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