Terminal Alpha

Momentum Report

March 24, 2026 11:17 AM ET Pre-market scan of 11584 stocks
Hostile for breakouts
Most breakouts fail in this kind of market. Consider sitting in cash or trading mean reversion instead.
SPY at $655.83, below 50 SMA ($682). Index in downtrend
QQQ at $586.89, below 50 SMA ($610). Index in downtrend
5 setups across 2 sectors (moderate breadth)
2 actionable (Coiling + Setting Up) vs 0 Extended. Balanced mix

Market Pulse

SPY
SPDR S&P 500
$655.28
-0.02%
10D
21D
50D
1W
-2.2%
1M
-3.9%
3M
-3.6%
1Y
+16.3%
QQQ
Invesco QQQ
$586.26
-0.30%
10D
21D
50D
1W
-2.7%
1M
-2.4%
3M
-4.9%
1Y
+22.1%
DIA
SPDR Dow 30
$462.58
+0.13%
10D
21D
50D
1W
-1.7%
1M
-5.1%
3M
-3.8%
1Y
+10.3%
IWM
iShares Russell 2000
$248.68
+0.50%
10D
21D
50D
1W
-0.5%
1M
-4.4%
3M
-0.7%
1Y
+22.1%

Market Breadth

Uptrend 8 (13.8%)
Range 8 (13.8%)
Downtrend 42 (72.4%)

Sector Relative Strength (21D)

XOP
SPDR Oil & Gas
1.260
VDE
Vanguard Energy
1.158
XLE
Energy Select
1.153
XTL
SPDR Telecom
1.144
XITK
SPDR Tech Innovators
1.118
IGV
iShares Tech-Software
1.101
OIH
VanEck Oil Services
1.085
FDN
First Trust Internet
1.078
XLK
Technology Select
1.026
XLF
Financial Select
1.014
XLC
Communication Services Select
1.013
XLU
Utilities Select
1.012
VPU
Vanguard Utilities
1.012
VOX
Vanguard Telecom Services
1.012
IYG
iShares US Financial Services
1.011
XLY
Consumer Disc
0.996
LIT
Global X Lithium & Battery
0.993
VCR
Vanguard Consumer Discretionary
0.993
XSD
SPDR Semiconductors
0.986
XBI
SPDR Biotech
0.981
IYR
iShares US Real Estate
0.976
XLI
Industrial Select
0.975
VIS
Vanguard Industrials
0.974
VNQ
Vanguard Real Estate
0.972
XHS
SPDR Health Services
0.971
IYT
iShares Transportation
0.970
XLRE
Real Estate Select
0.970
IBB
iShares Biotech
0.960
XLP
Consumer Staples
0.957
XRT
SPDR Retail
0.956
XTN
SPDR Transportation
0.955
VHT
Vanguard Health Care
0.951
XLB
Materials Select
0.950
XHE
SPDR Health Equipment
0.949
XLV
Health Care Select
0.948
XPH
SPDR Pharmaceuticals
0.944
VAW
Vanguard Materials
0.938
XME
SPDR Metals & Mining
0.937
URA
Global X Uranium
0.927
XHB
SPDR Homebuilders
0.894

Sector Leaders & Laggards

Leaders
1
SPDR Oil & Gas
XOP
+0.260
2
Vanguard Energy
VDE
+0.158
3
Energy Select
XLE
+0.153
4
SPDR Telecom
XTL
+0.144
5
SPDR Tech Innovators
XITK
+0.118
6
iShares Tech-Software
IGV
+0.101
7
VanEck Oil Services
OIH
+0.085
8
First Trust Internet
FDN
+0.078
Laggards
1
SPDR Homebuilders
XHB
-0.106
2
Global X Uranium
URA
-0.073
3
SPDR Metals & Mining
XME
-0.063
4
Vanguard Materials
VAW
-0.062
5
SPDR Pharmaceuticals
XPH
-0.056
6
Health Care Select
XLV
-0.052
7
SPDR Health Equipment
XHE
-0.051
8
Materials Select
XLB
-0.050

Top Setups

⏳ Setting Up 2 setups Consolidation developing, EMA surfing. Watch closely
Chart for MRNA Open in TradingView
MRNA Moderna, Inc. Common Stock TradingView
Healthcare
Price
$52.15
Breakout
$57.88
Distance
9.9%
ADR%
5.8%
Score
58
RS
+8.3
Tightness
29
Stage
Setting Up
Volume contracting, surfing 20 ema, strong rs leader.
Chart for COHR Open in TradingView
COHR Coherent Corp. TradingView
Technology
Price
$269.16
Breakout
$281.16
Distance
4.3%
ADR%
8.2%
Score
48
RS
+12.7
Tightness
11
Stage
Setting Up
Surfing 10 ema, near breakout, strong rs leader.

Nearest to Breakout

Symbol Price Breakout Distance ADR% Score Stage
COHR $269.16 $281.16 4.3% 8.2% 48 Setting Up
MRNA $52.15 $57.88 9.9% 5.8% 58 Setting Up

Near Misses (On Deck)

Symbol Price Score Filters Why Not
VAL $98.17 67 9/10 Sloppy consolidation (tightness 1, higher_lows 100)
REI $1.54 61 9/10 Price $1.54 < $5.0
RLYB $8.92 61 9/10 Dollar volume $3.4M < $5.0M
AMPX $18.49 59 9/10 Sloppy consolidation (tightness 11, higher_lows 0)
RLMD $6.03 56 9/10 Sloppy consolidation (tightness 21, higher_lows 0)
RIG $6.64 56 9/10 Sloppy consolidation (tightness 2, higher_lows 60)
TALK $5.14 55 9/10 ADR 1.1% < 4.5%
TROX $8.12 53 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
NAT $5.73 53 9/10 Sloppy consolidation (tightness 11, higher_lows 0)
UAN $131.80 52 9/10 Sloppy consolidation (tightness 7, higher_lows 0)
VIAV $35.25 52 9/10 Sloppy consolidation (tightness 4, higher_lows 100)
EWTX $29.49 51 9/10 Sloppy consolidation (tightness 7, higher_lows 60)
MOD $224.82 50 9/10 Sloppy consolidation (tightness 10, higher_lows 100)
POWL $557.00 49 9/10 Sloppy consolidation (tightness 1, higher_lows 100)
AEIS $346.25 49 9/10 Sloppy consolidation (tightness 4, higher_lows 100)
MKSI $244.23 49 9/10 Sloppy consolidation (tightness 1, higher_lows 100)
RYAM $10.94 48 9/10 Sloppy consolidation (tightness 19, higher_lows 0)
CC $19.77 48 9/10 Sloppy consolidation (tightness 0, higher_lows 100)
LASR $71.17 48 9/10 Sloppy consolidation (tightness 13, higher_lows 26)
FET $60.33 47 9/10 Sloppy consolidation (tightness 2, higher_lows 0)
PUMP $15.04 47 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
DBO $20.14 46 9/10 Sloppy consolidation (tightness 12, higher_lows 0)
DNTH $77.28 46 9/10 Sloppy consolidation (tightness 21, higher_lows 0)
WLK $113.07 45 9/10 Sloppy consolidation (tightness 7, higher_lows 0)
LXU $15.53 45 9/10 Sloppy consolidation (tightness 0, higher_lows 0)
FIX $1449.00 45 9/10 Sloppy consolidation (tightness 10, higher_lows 0)
FORM $103.48 45 9/10 Sloppy consolidation (tightness 4, higher_lows 60)

Scan Statistics

11584
Universe
582
Scanned
582
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.