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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...

The IBD Industry Groups Bell Curve – Bullish Percent continued to improve with more groups leaving the Stage 4 zone and shifting to the Stage 1 zone, as well as an additional 5.5% of groups moving into the Stage 2 zone. The average distribution stands at 44.06%, and so the improvements have moved it out from the Stage 4 zone and back into the Stage 1 zone (between 40% and 60%).

For the watchlist from the weekend scans...

Custom Percentage of Stocks Above Their 50 Day, 150 Day & 200 Day Moving Averages Combined Market Breadth Charts for the Overall US Market, NYSE and Nasdaq for Market Timing and Strategy.

The purpose of the Relative Strength (RS) tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd...

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...