Terminal Alpha

Momentum Report

March 22, 2026 02:04 PM ET Pre-market scan of 11567 stocks
Hostile for breakouts
Most breakouts fail in this kind of market. Consider sitting in cash or trading mean reversion instead.
SPY at $648.57, below 50 SMA ($684). Index in downtrend
QQQ at $582.06, below 50 SMA ($611). Index in downtrend
2 setups in 1 sector (very thin breadth)
1 actionable (Coiling + Setting Up) vs 0 Extended. Balanced mix

Market Pulse

SPY
SPDR S&P 500
$648.57
-1.70%
10D
21D
50D
1W
-2.1%
1M
-5.2%
3M
-3.4%
1Y
+14.4%
QQQ
Invesco QQQ
$587.12
-0.99%
10D
21D
50D
1W
-2.0%
1M
-3.5%
3M
-3.1%
1Y
+21.0%
DIA
SPDR Dow 30
$455.89
-1.12%
10D
21D
50D
1W
-2.3%
1M
-7.8%
3M
-5.0%
1Y
+8.4%
IWM
iShares Russell 2000
$242.22
-2.18%
10D
21D
50D
1W
-1.8%
1M
-8.5%
3M
-2.0%
1Y
+17.4%

Market Breadth

Uptrend 4 (6.9%)
Range 6 (10.3%)
Downtrend 48 (82.8%)

Sector Relative Strength (21D)

XOP
SPDR Oil & Gas
1.235
VDE
Vanguard Energy
1.139
XLE
Energy Select
1.134
XTL
SPDR Telecom
1.097
IGV
iShares Tech-Software
1.071
XITK
SPDR Tech Innovators
1.057
FDN
First Trust Internet
1.057
OIH
VanEck Oil Services
1.043
XLC
Communication Services Select
1.029
VOX
Vanguard Telecom Services
1.027
XLU
Utilities Select
1.022
VPU
Vanguard Utilities
1.020
XLK
Technology Select
1.018
XBI
SPDR Biotech
1.002
VNQ
Vanguard Real Estate
0.995
XLF
Financial Select
0.993
XLRE
Real Estate Select
0.992
IYR
iShares US Real Estate
0.988
XHS
SPDR Health Services
0.986
IYG
iShares US Financial Services
0.981
XLP
Consumer Staples
0.979
XLY
Consumer Disc
0.978
VHT
Vanguard Health Care
0.976
XLV
Health Care Select
0.975
IBB
iShares Biotech
0.975
VCR
Vanguard Consumer Discretionary
0.973
XPH
SPDR Pharmaceuticals
0.969
XLI
Industrial Select
0.968
LIT
Global X Lithium & Battery
0.967
VIS
Vanguard Industrials
0.962
XSD
SPDR Semiconductors
0.960
XHE
SPDR Health Equipment
0.959
IYT
iShares Transportation
0.952
XRT
SPDR Retail
0.943
XLB
Materials Select
0.939
VAW
Vanguard Materials
0.927
XME
SPDR Metals & Mining
0.916
XTN
SPDR Transportation
0.911
URA
Global X Uranium
0.909
XHB
SPDR Homebuilders
0.862

Sector Leaders & Laggards

Leaders
1
SPDR Oil & Gas
XOP
+0.235
2
Vanguard Energy
VDE
+0.139
3
Energy Select
XLE
+0.134
4
SPDR Telecom
XTL
+0.097
5
iShares Tech-Software
IGV
+0.071
6
SPDR Tech Innovators
XITK
+0.057
7
First Trust Internet
FDN
+0.057
8
VanEck Oil Services
OIH
+0.043
Laggards
1
SPDR Homebuilders
XHB
-0.138
2
Global X Uranium
URA
-0.091
3
SPDR Transportation
XTN
-0.089
4
SPDR Metals & Mining
XME
-0.084
5
Vanguard Materials
VAW
-0.073
6
Materials Select
XLB
-0.061
7
SPDR Retail
XRT
-0.057
8
iShares Transportation
IYT
-0.048

Top Setups

⏳ Setting Up 1 setup Consolidation developing, EMA surfing. Watch closely
Chart for FORM
FORM FormFactor, Inc. FormFactor, Inc. Common Stock
Technology
Price
$92.22
Breakout
$98.00
Distance
5.9%
ADR%
6.1%
Score
44
RS
+5.9
Tightness
10
Stage
Setting Up
Surfing 20 ema, strong rs leader.

Nearest to Breakout

Symbol Price Breakout Distance ADR% Score Stage
FORM $92.22 $98.00 5.9% 6.1% 44 Setting Up

Near Misses (On Deck)

Symbol Price Score Filters Why Not
SNSE $31.56 77 9/10 Dollar volume $4.7M < $5.0M
GEVX $50.25 67 9/10 Dollar volume $4.4M < $5.0M
TPL $519.41 62 9/10 ADR 3.9% < 4.5%
YOU $48.12 60 9/10 ADR 4.4% < 4.5%
REI $1.50 59 9/10 Price $1.50 < $5.0
GEVG $21.36 59 9/10 Dollar volume $0.6M < $5.0M
TECX $29.88 58 9/10 Sloppy consolidation (tightness 15, higher_lows 0)
RNG $37.63 57 9/10 Sloppy consolidation (tightness 8, higher_lows 0)
VAL $92.52 56 9/10 Sloppy consolidation (tightness 4, higher_lows 100)
RLMD $6.07 55 9/10 Sloppy consolidation (tightness 8, higher_lows 0)
NVMI $465.30 53 9/10 Sloppy consolidation (tightness 3, higher_lows 100)
VIAV $31.44 52 9/10 Sloppy consolidation (tightness 9, higher_lows 100)
RIG $6.22 50 9/10 Sloppy consolidation (tightness 3, higher_lows 100)
NKTR $72.22 49 9/10 Sloppy consolidation (tightness 5, higher_lows 0)
TALK $5.14 48 9/10 ADR 1.9% < 4.5%
MRNA $51.38 48 9/10 Sloppy consolidation (tightness 24, higher_lows 0)
NBR $79.97 47 9/10 Sloppy consolidation (tightness 2, higher_lows 0)
OIS $12.16 47 9/10 Sloppy consolidation (tightness 16, higher_lows 0)
AEIS $317.21 46 9/10 Sloppy consolidation (tightness 4, higher_lows 100)
EWTX $29.06 46 9/10 Sloppy consolidation (tightness 0, higher_lows 100)

Scan Statistics

11567
Universe
573
Scanned
573
Pre-filtered
2
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.