During the past two days, there have been quick morning selloffs that retreat about 1% or so off the intraday high before finding support. Once the market sells off, traders with no conviction may think that this could be the beginning of a multi-day selloff in the market, so they exit on a whim. These type of mistakes can easily be corrected by traders if they commit to planning the trade before entering, and reviewing the trade plan for each position every night.

Clive Corcoran anticipates that today will be one of position-squaring for the S&P 500 in anticipation of the data from tomorrrow's NFP report.

The Japanese-style correction is still underway. Consumers are careful about spending because they fear they might not have jobs. Employers are careful about hiring because they fear they might not have revenue.

The action in China Mobile (CHL) has followed a bullish script.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for August 4.

Dr. Adrian Manz analyzes the major markets, stock sectors, and individual stocks for August 4.

Dave Landry takes a one-minute look at the stock market in his video for August 4.

Deron Wagner provides an educational explanation of one of this week's profitable trades, including both the reasoning for the original entry price, and the basic determination for setting the approximate target price.

In the developing markets, inflationary pressures are beginning to create a tighter monetary environment which is having a spillover effect on equities.

Could the US economy experience Japanese-style deflation within the next several years?