Friday May 28, 2010
Mr. Inger’s career began at a major Wall Street firm, where his selections’ easily outperformed others. Leaving New York, he anchored KWHY-TV in Los Angeles, the Nation's first financial television station, and later began portfolio management, The Inger Letter, and new financial television programs in several cities, including San Francisco, Ft. Lauderdale and his own station in New York/New Jersey.
His West & East Coast Stock Market Today shows later became FNN affiliates, which merged into CNBC (where he remains an original Market Maven).
Now retired from portfolio management, Gene publishes his popular Internet Daily Briefing commentary and updates its companion MarketCast several times daily. The Daily Briefing assesses the day's events, and comments on any unusual moves in the stock, bond, Dollar, oil & gold markets, with a particular emphasis on technology issues in computers & telecommunications.
MarketCast, an email-based, intraday service featuring audio updates, provides a near, real-time analysis of market action. Given the rapid pace of changing economic, psychological, and geopolitical perceptions, MarketCast is designed to provide a compass for shot-term traders to help them maintain their bearings.
Intraday and Daily S&P futures trading guidelines, always originate on MarketCast , though each Daily Briefing reviews the trade, and outlines probable and alternative patterns for the next session. (One key to successful trading is always to have a plan of action if your preferred pattern does not occur; that's part of responding to subtle messages from the market, and not just one's opinion).
All individual stock selections originate in the Letter, though the Daily can help finesse entry and exit points between issues. All "official" stops and entry zones are as established in the Letter. The Daily is very popular among investors seeking to navigate the overall market pattern, and discern sector movements within the trend.
Coming from a money management & security analysis background, Gene’s focus targets very realistic money-making strategies (including allocations) more so than esoteric buy & sell signals that can get flashy publicity, but have little to do with actual portfolio alignment.
So, if one or more of our DJ, S&P futures, T-Bond calls, NDX, SOX or Internet Index trades happens to be a major homerun, or an individual stock excels in either direction, it doesn't mean we're advocating being completely invested, or conversely 100% fully out of the market, at any time.
A professional way of approaching the market should emphasize scaling-in during serious purges (ideally after bases are built), and scaling-out gradually into strength (ideally into extended parabolic moves), happily not worrying about "milking" the last percent out of a move.
In a perfect world, Gene believes you would be completely out of the market at the exact top, and completely in the market at the exact bottom, amidst panic and despair.
However, since it's folly to make wholesale in-or-out portfolio decisions, we strive to approximate (though always glad if we nail one) tops and bottoms, tending to scale back exposure into great strength and of course the inverse on major breaks, subject to evaluating the always-lurking fundamental big picture worries and opportunities.
Marketcast will provide very specific buy & sell signals, with a little bit bigger picture summary on the final report, as will the Daily Briefing on the same slightly broader daily basis.
Clearly, since we view frequent (or after-the-fact) wholesale decisions to "sell everything" or "buy everything", heard among the guru-crowd, as unrealistic strategies, we are never completely out of the market, though we tend to have heavily cash positions (along with some shorts) during time of great risk.
As a resource for ideas, ingerletter.com and Gene's hotline hope to stimulate your own work and contribute to increased market success by aiding your investing concepts and trading strategies.
No determination of suitability of any approach, idea, or stock, is intended or implied, for a particular investor; who should consult their own advisor or broker regarding actual decisions, or do so fully on their own recognizance.
Inger & Co. is totally independent and is not affiliated with any broker, trading system, mutual or hedge fund, or service. Gene is a retired investment advisor, who hopes his ideas contribute to your own investing skills.