It was a negative day for all the major US stock market indexes today with the S&P 500 closing down -0.67%, while the Nasdaq showed the best relative strength closing down -0.16%...

The Stage Analysis members weekend video begins with a focus on the Solar Group following this weeks climate spending deal, plus earnings results in multiple stocks in the group which caused a Stage 2 breakout attempt in the group on strong relative volume...

For the watchlist from the weekend scans...

Today was a big day for earnings results, with over 300+ stocks reporting including more mega caps that have greater influence on the US stock market, with AAPL (Apple) and AMZN (Amazon) both reporting and moving higher in the after hours trade.

This weeks Stage Analysis Members midweek video starts with a review of the price and volume action in the major indexes, and some short term Market breadth indicators, such as the Nasdaq Composite Bullish Percent Index, which had a Bull Confirmed P&F status change today and the Percentage of Stocks above their 20 day EMAs.

There were a number of important mega cap stocks reporting today, as well some others from the watchlist. So below is a multiple timeframe analysis a few of the key stocks reporting today – GOOGL, MSFT, ENPH & CMG...

The Nasdaq Composite pulled back and closed lower for a second day into the prior two short-term pivot highs, which turned support today and formed a tight candle with a small demand tail (lower wick). The Nasdaq remains in a weekly Stage 4 declining phase – so the major trend is down. However...

The Stage Analysis members weekend video starts this week with a focus on the Semiconductors group, as around 1/4 of the group are reporting earnings in the coming week, and have shown strong relative strength since the start of the month, rising back up the relative strength rankings and and industry group bell curve.

It's a big week for earnings with multiple mega-cap stocks reporting, as well a number of stocks featured over the last month in the watchlist posts. So I've compiled the list of those reporting this week below, and I'll be talking through them in more detail in the weekend members video, which will be out later today (Sunday 24th).

The S&P 500 continued higher for a third day in a row with a shakeout in the first hour before turning higher again. It closed above the +1x ATR level and has put in a higher high and higher low within the small rising channel / flag pattern of which it's approaching the upper end of.