Terminal Alpha

Momentum Report

March 20, 2026 12:12 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 $653.47, below 50 SMA ($684). Index in downtrend
QQQ at $587.56, below 50 SMA ($611). Index in downtrend
5 setups across 2 sectors (moderate breadth)
4 actionable (Coiling + Setting Up) vs 0 Extended. Fresh energy building

Market Pulse

SPY
SPDR S&P 500
$653.57
-0.94%
10D
21D
50D
1W
-1.3%
1M
-4.5%
3M
-2.7%
1Y
+15.2%
QQQ
Invesco QQQ
$587.65
-0.91%
10D
21D
50D
1W
-1.0%
1M
-2.6%
3M
-2.1%
1Y
+22.2%
DIA
SPDR Dow 30
$458.25
-0.61%
10D
21D
50D
1W
-1.8%
1M
-7.3%
3M
-4.5%
1Y
+9.0%
IWM
iShares Russell 2000
$244.87
-1.11%
10D
21D
50D
1W
-0.7%
1M
-7.5%
3M
-1.0%
1Y
+18.6%

Market Breadth

Uptrend 4 (6.9%)
Range 11 (19.0%)
Downtrend 43 (74.1%)

Sector Relative Strength (21D)

XOP
SPDR Oil & Gas
1.241
VDE
Vanguard Energy
1.147
XLE
Energy Select
1.143
XTL
SPDR Telecom
1.108
IGV
iShares Tech-Software
1.072
XITK
SPDR Tech Innovators
1.064
FDN
First Trust Internet
1.055
OIH
VanEck Oil Services
1.046
XLU
Utilities Select
1.031
VPU
Vanguard Utilities
1.028
XLC
Communication Services Select
1.026
VOX
Vanguard Telecom Services
1.024
XLK
Technology Select
1.023
XBI
SPDR Biotech
1.013
VNQ
Vanguard Real Estate
0.995
XLRE
Real Estate Select
0.992
IYR
iShares US Real Estate
0.988
XHS
SPDR Health Services
0.988
XLF
Financial Select
0.986
XLY
Consumer Disc
0.980
IBB
iShares Biotech
0.980
XLP
Consumer Staples
0.976
XPH
SPDR Pharmaceuticals
0.976
VHT
Vanguard Health Care
0.975
VCR
Vanguard Consumer Discretionary
0.974
XLV
Health Care Select
0.973
IYG
iShares US Financial Services
0.973
LIT
Global X Lithium & Battery
0.972
XSD
SPDR Semiconductors
0.968
XLI
Industrial Select
0.967
VIS
Vanguard Industrials
0.962
XHE
SPDR Health Equipment
0.957
IYT
iShares Transportation
0.948
XRT
SPDR Retail
0.943
XLB
Materials Select
0.939
VAW
Vanguard Materials
0.928
XME
SPDR Metals & Mining
0.921
URA
Global X Uranium
0.919
XTN
SPDR Transportation
0.908
XHB
SPDR Homebuilders
0.858

Sector Leaders & Laggards

Leaders
1
SPDR Oil & Gas
XOP
+0.241
2
Vanguard Energy
VDE
+0.147
3
Energy Select
XLE
+0.143
4
SPDR Telecom
XTL
+0.108
5
iShares Tech-Software
IGV
+0.072
6
SPDR Tech Innovators
XITK
+0.064
7
First Trust Internet
FDN
+0.055
8
VanEck Oil Services
OIH
+0.046
Laggards
1
SPDR Homebuilders
XHB
-0.142
2
SPDR Transportation
XTN
-0.092
3
Global X Uranium
URA
-0.081
4
SPDR Metals & Mining
XME
-0.079
5
Vanguard Materials
VAW
-0.072
6
Materials Select
XLB
-0.061
7
SPDR Retail
XRT
-0.057
8
iShares Transportation
IYT
-0.052

Top Setups

⏳ Setting Up 4 setups Consolidation developing, EMA surfing. Watch closely
Chart for MRNA
MRNA Moderna, Inc. Common Stock
Healthcare
Price
$51.97
Breakout
$57.88
Distance
10.2%
ADR%
6.6%
Score
67
RS
+9.8
Tightness
26
Stage
Setting Up
Volume dried up, surfing 20 ema, strong rs leader.
Chart for VICR
VICR Vicor Corporation Common Stock
Technology
Price
$182.42
Breakout
$201.84
Distance
9.6%
ADR%
8.1%
Score
57
RS
+24.6
Tightness
11
Stage
Setting Up
Surfing 20 ema, strong rs leader.
Chart for VIAV
VIAV Viavi Solutions Inc. Common Stock
Technology
Price
$32.42
Breakout
$34.59
Distance
6.3%
ADR%
7.1%
Score
55
RS
+28.4
Tightness
13
Stage
Setting Up
Surfing 10 ema, strong rs leader.
Chart for FORM
FORM FormFactor, Inc. FormFactor, Inc. Common Stock
Technology
Price
$92.31
Breakout
$98.00
Distance
5.8%
ADR%
6.0%
Score
52
RS
+5.3
Tightness
12
Stage
Setting Up
Surfing 20 ema, strong rs leader.

Nearest to Breakout

Symbol Price Breakout Distance ADR% Score Stage
FORM $92.31 $98.00 5.8% 6.0% 52 Setting Up
VIAV $32.42 $34.59 6.3% 7.1% 55 Setting Up
VICR $182.42 $201.84 9.6% 8.1% 57 Setting Up
MRNA $51.97 $57.88 10.2% 6.6% 67 Setting Up

Near Misses (On Deck)

Symbol Price Score Filters Why Not
ACLX $114.41 92 9/10 ADR 0.3% < 4.5%
TPL $536.74 83 9/10 ADR 3.8% < 4.5%
SNSE $31.90 78 9/10 Dollar volume $4.6M < $5.0M
DAWN $21.38 76 9/10 ADR 2.7% < 4.5%
YOU $48.28 71 9/10 ADR 4.4% < 4.5%
GEVX $52.37 69 9/10 Dollar volume $4.4M < $5.0M
DNTH $78.67 64 9/10 Sloppy consolidation (tightness 9, higher_lows 100)
NKTR $74.34 62 9/10 Sloppy consolidation (tightness 8, higher_lows 0)
REI $1.52 62 9/10 Price $1.52 < $5.0
VAL $93.62 62 9/10 Sloppy consolidation (tightness 6, higher_lows 100)
GEVG $22.66 62 9/10 Dollar volume $0.6M < $5.0M
EWTX $30.03 60 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
TECX $30.54 60 9/10 Sloppy consolidation (tightness 16, higher_lows 0)
AMAT $354.70 60 9/10 ADR 4.0% < 4.5%
BE $161.31 59 9/10 Sloppy consolidation (tightness 22, higher_lows 0)
RNG $37.58 59 9/10 Sloppy consolidation (tightness 9, higher_lows 0)
OIS $12.14 59 9/10 Sloppy consolidation (tightness 16, higher_lows 0)
ISSC $29.77 58 9/10 Sloppy consolidation (tightness 7, higher_lows 0)
SYRE $42.77 58 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
VRTL $118.59 58 9/10 Sloppy consolidation (tightness 17, higher_lows 0)
RLMD $6.18 58 9/10 Sloppy consolidation (tightness 11, higher_lows 0)
FET $56.66 56 9/10 Sloppy consolidation (tightness 8, higher_lows 22)
AEIS $323.42 56 9/10 Sloppy consolidation (tightness 6, higher_lows 100)
FIX $1385.00 56 9/10 Sloppy consolidation (tightness 18, higher_lows 0)
NBR $79.93 56 9/10 Sloppy consolidation (tightness 2, higher_lows 0)
RIG $6.33 56 9/10 Sloppy consolidation (tightness 5, higher_lows 100)
BIOA $20.24 52 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
NAT $5.43 52 9/10 Sloppy consolidation (tightness 12, higher_lows 0)
CLDX $31.53 51 9/10 Sloppy consolidation (tightness 9, higher_lows 0)
VNDA $7.89 51 9/10 Sloppy consolidation (tightness 5, higher_lows 0)
FIGS $14.63 48 9/10 Sloppy consolidation (tightness 23, higher_lows 0)
TALK $5.13 48 9/10 ADR 1.9% < 4.5%
VRT $266.61 48 9/10 Sloppy consolidation (tightness 16, higher_lows 0)
XENE $55.23 48 9/10 Sloppy consolidation (tightness 23, higher_lows 0)
DFTX $19.39 47 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
SLS $5.26 47 9/10 Sloppy consolidation (tightness 5, higher_lows 0)
STX $425.65 47 9/10 Sloppy consolidation (tightness 6, higher_lows 100)
RLAY $10.24 46 9/10 Sloppy consolidation (tightness 15, higher_lows 0)
CELC $110.01 46 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
LXU $14.88 45 9/10 Sloppy consolidation (tightness 0, higher_lows 0)

Scan Statistics

11581
Universe
568
Scanned
568
Pre-filtered
5
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.