12-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
MTL	Iron and Steel	LONG	28.58	-2.82	HOLD
MYL	Biotechnology and Drugs	LONG	23.48	-0.51	HOLD
COHU	Semiconductors	LONG	14.46	-4.43	HOLD
MBT	Communications Services	LONG	20.53	-0.92	HOLD
TSO	Oil and Gas Operations	LONG	25.22	-1.68	HOLD
GES	Retail (Apparel)	LONG	39.36	-0.28	HOLD
FDML	Auto and Truck Parts	LONG	24.95	-0.68	HOLD
JBL	Electronic Instr. and Controls	LONG	19.09	-0.93	HOLD
CCL	Recreational Activities	LONG	38.43	1.53	SELL
RIMM	Communications Equipment	LONG	53.72	-1.69	HOLD
MED	Biotechnology and Drugs	LONG	16.60	-1.78	HOLD
CTB	Tires	LONG	24.74	1.89	HOLD
CMC	Iron and Steel	LONG	16.42	-0.36	HOLD
NCT	Real Estate Operations	LONG	5.34	-2.38	HOLD
BTH	Personal and Household Prods.	LONG	42.73	4.22	HOLD
CPY	Photography	LONG	20.58	-5.98	HOLD
FINL	Retail (Apparel)	LONG	20.24	-1.51	HOLD
SPY	Misc. Financial Services	SHORT	131.47	-0.75	HOLD
SPY	Misc. Financial Services	SHORT	131.47	-0.75	HOLD
BBY	Retail (Technology)	LONG	30.39	-0.39	HOLD
CAAS	Auto and Truck Parts	LONG	9.70	-9.18	HOLD
NVMI	Semiconductors	LONG	10.09	-4.45	HOLD
WATG	Auto and Truck Parts	LONG	5.04	-5.97	HOLD
MR	Scientific and Technical Instr.	LONG	26.24	0.11	HOLD
SPY	Misc. Financial Services	SHORT	131.47	-0.75	HOLD
SPY	Misc. Financial Services	SHORT	131.47	-0.75	HOLD
APWR	Construction Services	LONG	4.15	-2.81	HOLD
SMA	Medical Equipment and Supplies	LONG	9.98	0.50	HOLD
AIR	Aerospace and Defense	LONG	25.86	-0.42	HOLD
SPY	Misc. Financial Services	SHORT	131.47	-0.75	HOLD
ESLT	Aerospace and Defense	LONG	55.99	0.57	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.55
SHORTS				-0.75
TOTAL				-0.80
S&P 500				-0.78
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	-0.79	0.79	-2.14	-1.00
S&P 500	-0.44	0.84	-4.78	-0.53