As they inch closer to the 200-day moving average (DMA). Despite the fact that the Russell 2000 Index (RTY) is significantly outperforming the other “big four” indices (S&P 500, Dow Jones Industrial, Nasdaq & Russell 2000) this year, up 17% YTD, it remains the only one still trading below its 200-dma. Another small cap index that remains below the 200-dma is the S&P 600. Small caps are gaining ground today though, as of mid-day the RTY was within 10 points of its 200-dma.

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