Despite recent volatility, the trend in the S&P remains up until we see a decisive downward break in the 200-day moving average, says Dan Russo at Needham and Co.

The trend remains positive despite recent volatility, which compared to the previous decade, is not particularly exceptional. Based on the Average True Range (ATR) measure, 2018 so far ranks as the 5th most volatile year for US stocks out of the past ten.

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