With the Dow posting six consecutive days of losses for the first time in nearly 10 months the number of stocks in correction territory is now more than just a few names.
And while buying on the dip might seem like a good strategy there is one essential timing factor to keep in mind, according to David Katz, chief investment officer at Matrix Asset Advisors.
"It's a treacherous market out there," Katz told CNBC's "Power Lunch" in an interview Thursday. "We would not be buying companies in front of their earnings unless you have tremendous conviction. We would actually be very wary of some of these high-flying momentum stocks."