Terminal Alpha

Momentum Report

March 23, 2026 06:53 PM ET Pre-market scan of 11581 stocks
Hostile for breakouts
Most breakouts fail in this kind of market. Consider sitting in cash or trading mean reversion instead.
SPY at $655.38, below 50 SMA ($683). Index in downtrend
QQQ at $588.00, below 50 SMA ($610). Index in downtrend
3 setups in 1 sector (very thin breadth)
1 actionable (Coiling + Setting Up) vs 0 Extended. Balanced mix

Market Pulse

SPY
SPDR S&P 500
$656.96
+1.29%
10D
21D
50D
1W
-2.0%
1M
-4.9%
3M
-3.1%
1Y
+15.9%
QQQ
Invesco QQQ
$589.78
+1.33%
10D
21D
50D
1W
-2.1%
1M
-3.4%
3M
-3.5%
1Y
+22.7%
DIA
SPDR Dow 30
$462.79
+1.51%
10D
21D
50D
1W
-1.8%
1M
-6.9%
3M
-3.9%
1Y
+10.0%
IWM
iShares Russell 2000
$248.32
+2.52%
10D
21D
50D
1W
-0.6%
1M
-6.5%
3M
-0.5%
1Y
+20.7%

Market Breadth

Uptrend 6 (10.3%)
Range 6 (10.3%)
Downtrend 46 (79.3%)

Sector Relative Strength (21D)

XOP
SPDR Oil & Gas
1.211
VDE
Vanguard Energy
1.152
XLE
Energy Select
1.143
XTL
SPDR Telecom
1.124
IGV
iShares Tech-Software
1.100
XITK
SPDR Tech Innovators
1.093
OIH
VanEck Oil Services
1.077
FDN
First Trust Internet
1.070
XBI
SPDR Biotech
1.026
VPU
Vanguard Utilities
1.023
XLK
Technology Select
1.023
XLU
Utilities Select
1.017
VOX
Vanguard Telecom Services
1.017
XLC
Communication Services Select
1.015
LIT
Global X Lithium & Battery
1.005
VNQ
Vanguard Real Estate
0.992
XHS
SPDR Health Services
0.990
XLF
Financial Select
0.987
XLY
Consumer Disc
0.986
IYR
iShares US Real Estate
0.985
VCR
Vanguard Consumer Discretionary
0.983
IBB
iShares Biotech
0.981
XLRE
Real Estate Select
0.981
IYG
iShares US Financial Services
0.981
VHT
Vanguard Health Care
0.978
XPH
SPDR Pharmaceuticals
0.972
XLP
Consumer Staples
0.972
XLV
Health Care Select
0.971
XSD
SPDR Semiconductors
0.971
XLI
Industrial Select
0.968
VIS
Vanguard Industrials
0.968
XHE
SPDR Health Equipment
0.959
XRT
SPDR Retail
0.948
IYT
iShares Transportation
0.947
XLB
Materials Select
0.944
VAW
Vanguard Materials
0.938
URA
Global X Uranium
0.932
XME
SPDR Metals & Mining
0.928
XTN
SPDR Transportation
0.914
XHB
SPDR Homebuilders
0.879

Sector Leaders & Laggards

Leaders
1
SPDR Oil & Gas
XOP
+0.211
2
Vanguard Energy
VDE
+0.152
3
Energy Select
XLE
+0.143
4
SPDR Telecom
XTL
+0.124
5
iShares Tech-Software
IGV
+0.100
6
SPDR Tech Innovators
XITK
+0.093
7
VanEck Oil Services
OIH
+0.077
8
First Trust Internet
FDN
+0.070
Laggards
1
SPDR Homebuilders
XHB
-0.121
2
SPDR Transportation
XTN
-0.086
3
SPDR Metals & Mining
XME
-0.072
4
Global X Uranium
URA
-0.068
5
Vanguard Materials
VAW
-0.062
6
Materials Select
XLB
-0.056
7
iShares Transportation
IYT
-0.053
8
SPDR Retail
XRT
-0.052

Top Setups

⏳ Setting Up 1 setup Consolidation developing, EMA surfing. Watch closely
Chart for MRNA Open in TradingView
MRNA Moderna, Inc. Common Stock TradingView
Healthcare
Price
$51.28
Breakout
$57.88
Distance
11.4%
ADR%
6.5%
Score
49
RS
+6.8
Tightness
27
Stage
Setting Up
Surfing 50 ema, strong rs leader.

Nearest to Breakout

Symbol Price Breakout Distance ADR% Score Stage
MRNA $51.28 $57.88 11.4% 6.5% 49 Setting Up

Near Misses (On Deck)

Symbol Price Score Filters Why Not
NKTR $74.34 57 9/10 Sloppy consolidation (tightness 5, higher_lows 0)
TECX $29.44 56 9/10 Sloppy consolidation (tightness 20, higher_lows 0)
AMPX $18.68 55 9/10 Sloppy consolidation (tightness 6, higher_lows 0)
VAL $95.41 54 9/10 Sloppy consolidation (tightness 1, higher_lows 100)
SYRE $42.76 53 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
VIAV $33.61 52 9/10 Sloppy consolidation (tightness 8, higher_lows 100)
NAT $5.47 52 9/10 Sloppy consolidation (tightness 13, higher_lows 0)
RLMD $5.86 51 9/10 Sloppy consolidation (tightness 20, higher_lows 0)
TALK $5.14 50 9/10 ADR 1.5% < 4.5%
OIS $12.66 50 9/10 Sloppy consolidation (tightness 10, higher_lows 0)
REI $1.44 50 9/10 Price $1.44 < $5.0
EWTX $29.80 50 9/10 Sloppy consolidation (tightness 0, higher_lows 60)
ISSC $29.96 50 9/10 Sloppy consolidation (tightness 4, higher_lows 0)
TEN $38.04 49 9/10 Sloppy consolidation (tightness 10, higher_lows 28)
CAVA $87.07 48 9/10 Sloppy consolidation (tightness 17, higher_lows 0)
NGL $12.55 48 9/10 Dollar volume $3.4M < $5.0M
RIG $6.46 48 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
FORM $97.20 47 9/10 Sloppy consolidation (tightness 8, higher_lows 60)
UAN $127.57 47 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
AEIS $329.78 46 9/10 Sloppy consolidation (tightness 5, higher_lows 100)
TROX $7.35 46 9/10 Sloppy consolidation (tightness 1, higher_lows 60)
POWL $542.59 46 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
CC $18.50 46 9/10 Sloppy consolidation (tightness 2, higher_lows 100)
PUMP $14.51 46 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
DNTH $79.32 45 9/10 Sloppy consolidation (tightness 18, higher_lows 0)

Scan Statistics

11581
Universe
583
Scanned
583
Pre-filtered
3
Passed All Filters

The momentum screener scans all NYSE, NASDAQ, and AMEX-listed stocks for Qullamaggie-style momentum setups: strong prior advances followed by tight consolidation with volume contraction. Setups are scored on return profile, consolidation quality, technical alignment, and volume behavior. Only stocks passing all 10 hard filters appear above.