More small-cap recovery signs

Thanks to the recent surge that propelled the Russell 2000 to a historic gain, almost all of the stocks in the index are trading above their 10-day moving averages. Over the past 3 days, an average of more than 90% of small-cap stocks closed above their short-term averages. Over the past 20 years, there have been 19 other days when this triggered, and 3 months later, the Russell 2000 was higher after all 19, per the Backtest Engine. Its average return was over 8%.