Terminal Alpha

Momentum Report

March 23, 2026 12:43 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 $655.92, below 50 SMA ($683). Index in downtrend
QQQ at $587.95, 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
$655.86
+1.12%
10D
21D
50D
1W
-2.0%
1M
-4.9%
3M
-3.0%
1Y
+16.0%
QQQ
Invesco QQQ
$587.89
+1.00%
10D
21D
50D
1W
-2.1%
1M
-3.4%
3M
-3.5%
1Y
+22.7%
DIA
SPDR Dow 30
$462.08
+1.36%
10D
21D
50D
1W
-1.7%
1M
-6.8%
3M
-3.8%
1Y
+10.0%
IWM
iShares Russell 2000
$247.77
+2.29%
10D
21D
50D
1W
-0.5%
1M
-6.4%
3M
-0.4%
1Y
+20.8%

Market Breadth

Uptrend 6 (10.3%)
Range 5 (8.6%)
Downtrend 47 (81.0%)

Sector Relative Strength (21D)

XOP
SPDR Oil & Gas
1.212
VDE
Vanguard Energy
1.148
XLE
Energy Select
1.139
XTL
SPDR Telecom
1.111
XITK
SPDR Tech Innovators
1.095
IGV
iShares Tech-Software
1.093
OIH
VanEck Oil Services
1.068
FDN
First Trust Internet
1.066
XBI
SPDR Biotech
1.025
VPU
Vanguard Utilities
1.023
XLK
Technology Select
1.021
XLU
Utilities Select
1.017
VOX
Vanguard Telecom Services
1.013
XLC
Communication Services Select
1.012
LIT
Global X Lithium & Battery
0.999
VNQ
Vanguard Real Estate
0.997
IYR
iShares US Real Estate
0.990
XHS
SPDR Health Services
0.989
XLF
Financial Select
0.988
XLY
Consumer Disc
0.986
XLRE
Real Estate Select
0.984
VCR
Vanguard Consumer Discretionary
0.983
IYG
iShares US Financial Services
0.982
IBB
iShares Biotech
0.981
VHT
Vanguard Health Care
0.978
XPH
SPDR Pharmaceuticals
0.973
XLI
Industrial Select
0.973
VIS
Vanguard Industrials
0.972
XLP
Consumer Staples
0.972
XLV
Health Care Select
0.971
XHE
SPDR Health Equipment
0.971
XSD
SPDR Semiconductors
0.966
XRT
SPDR Retail
0.950
IYT
iShares Transportation
0.950
XLB
Materials Select
0.944
VAW
Vanguard Materials
0.937
XME
SPDR Metals & Mining
0.927
URA
Global X Uranium
0.922
XTN
SPDR Transportation
0.920
XHB
SPDR Homebuilders
0.879

Sector Leaders & Laggards

Leaders
1
SPDR Oil & Gas
XOP
+0.212
2
Vanguard Energy
VDE
+0.148
3
Energy Select
XLE
+0.139
4
SPDR Telecom
XTL
+0.111
5
SPDR Tech Innovators
XITK
+0.095
6
iShares Tech-Software
IGV
+0.093
7
VanEck Oil Services
OIH
+0.068
8
First Trust Internet
FDN
+0.066
Laggards
1
SPDR Homebuilders
XHB
-0.121
2
SPDR Transportation
XTN
-0.080
3
Global X Uranium
URA
-0.078
4
SPDR Metals & Mining
XME
-0.073
5
Vanguard Materials
VAW
-0.063
6
Materials Select
XLB
-0.056
7
iShares Transportation
IYT
-0.050
8
SPDR Retail
XRT
-0.050

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
$50.58
Breakout
$57.88
Distance
12.6%
ADR%
6.5%
Score
49
RS
+5.3
Tightness
28
Stage
Setting Up
Volume contracting, surfing 50 ema, strong rs leader.

Nearest to Breakout

Symbol Price Breakout Distance ADR% Score Stage
MRNA $50.58 $57.88 12.6% 6.5% 49 Setting Up

Near Misses (On Deck)

Symbol Price Score Filters Why Not
VAL $93.99 59 9/10 Sloppy consolidation (tightness 1, higher_lows 100)
REI $1.47 58 9/10 Price $1.47 < $5.0
TECX $29.96 58 9/10 Sloppy consolidation (tightness 20, higher_lows 0)
AMPX $18.63 56 9/10 Sloppy consolidation (tightness 6, higher_lows 0)
SYRE $43.25 55 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
NKTR $72.74 54 9/10 Sloppy consolidation (tightness 5, higher_lows 0)
RIG $6.35 53 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
VIAV $33.20 53 9/10 Sloppy consolidation (tightness 9, higher_lows 100)
RLMD $5.86 53 9/10 Sloppy consolidation (tightness 21, higher_lows 0)
NAT $5.42 52 9/10 Sloppy consolidation (tightness 13, higher_lows 0)
TEN $37.61 52 9/10 Sloppy consolidation (tightness 12, higher_lows 28)
OIS $12.62 52 9/10 Sloppy consolidation (tightness 10, higher_lows 0)
TALK $5.14 51 9/10 ADR 1.5% < 4.5%
ISSC $30.13 50 9/10 Sloppy consolidation (tightness 4, higher_lows 0)
AEIS $332.42 50 9/10 Sloppy consolidation (tightness 5, higher_lows 100)
CAVA $88.38 50 9/10 Sloppy consolidation (tightness 17, higher_lows 0)
SLDB $7.24 50 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
NGL $12.29 49 9/10 Dollar volume $3.3M < $5.0M
EWTX $29.37 48 9/10 Sloppy consolidation (tightness 0, higher_lows 60)
FORM $96.86 48 9/10 Sloppy consolidation (tightness 8, higher_lows 60)
TROX $7.35 48 9/10 Sloppy consolidation (tightness 1, higher_lows 60)
UAN $127.20 48 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
POWL $540.16 48 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
VRTL $113.21 47 9/10 Sloppy consolidation (tightness 13, higher_lows 0)
FIGS $15.03 46 9/10 Sloppy consolidation (tightness 24, higher_lows 0)
DNTH $78.52 46 9/10 Sloppy consolidation (tightness 18, higher_lows 0)
CC $18.57 46 9/10 Sloppy consolidation (tightness 2, higher_lows 100)
FET $58.00 45 9/10 Sloppy consolidation (tightness 3, higher_lows 0)

Scan Statistics

11581
Universe
577
Scanned
577
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.