Too Focused on Finding the Top? Still a Good Time to be Cautious …

Jordan Kimmel |

stock market top, stock market correction, buy on dips, buy stocks on dips, stock market buying opportunity

The trend of the market has been relentlessly higher since the start of the new Bull Market way back in March 2009. The trend is your friend, and all of the forces that have created this Bull Market continue to sustain it. So why does the market “feel bad” to me right now, and why do I feel a short-term top and why even bother to try to find short term tops? 

I have recently shared my feelings that we are about to have a swift violent market correction and how to handle it. Just having a plan when sharp pullbacks come put you in the right mind fame to catch the next upturn.

The sweetest part of the four-year presidential election cycle starts in the fourth quarter of this year and has historically produced an excellent nine-month run. Expect all the economic numbers to be hitting high notes and the market to be hitting all-time highs again too. It just feels to me that the market will shake out lots of investors just prior to its next big run.

To be clear, I did not and still am not suggesting it is time to sell everything. If you follow the suggestions from last week, you would have caught this “potential last wave of this summer” even while having your eye on the exit door. I’d suggest you review those suggestions now because I really do think we are at a critical point in the short term. In my opinion, this is just not the time to be too far over-exposed. Maybe I am too focused right now on feeling a short-term top. I am looking forward to buying if (and when) fear creates a new buying opportunity by late September.

Longs- Omega Protein Corp. (OME) San Juan Basin Royalty Trust (SJT)

Shorts- NetSuite Inc. (N), Teck Resources Limited (TCK) Sarepta Therapeutics, Inc. (SRPT)

By Jordan Kimmel, Chief Investment Officer at Investview, Inc. (INVU).



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
SJT San Juan Basin Royalty Trust 7.32 0.02 0.25 57,561 Trade
TCK Teck Resources Ltd n/a n/a n/a 0
SRPT Sarepta Therapeutics Inc. 30.01 -0.84 -2.72 2,128,921 Trade
N Netsuite Inc n/a n/a n/a 0 Trade
OME Omega Protein Corporation 18.40 0.25 1.38 145,710 Trade


Emerging Growth

New Age Farm Inc.

New Age Farm Inc is engaged in the development of the agriculture based business in Langley, British Columbia.

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…