25-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	25.24	-1.94	HOLD
AM	Printing and Publishing	LONG	23.92	-0.46	HOLD
BBY	Retail (Technology)	LONG	30.20	0.27	SELL
BTH	Personal and Household Prods.	LONG	45.75	-1.85	HOLD
CAAS	Auto and Truck Parts	LONG	10.08	-2.14	HOLD
CCL	Recreational Activities	LONG	37.02	-1.57	SELL
CMC	Iron and Steel	LONG	16.27	-1.21	HOLD
COHU	Semiconductors	LONG	13.90	0.07	HOLD
CORE	Retail (Grocery)	LONG	33.19	-0.21	BUY
ELY	Recreational Products	LONG	7.00	0.29	BUY
GES	Retail (Apparel)	LONG	40.47	1.38	HOLD
HAS	Recreational Products	LONG	45.66	2.49	HOLD
HHGP	Business Services	LONG	5.90	-1.34	HOLD
JBL	Electronic Instr. and Controls	LONG	19.97	0.30	HOLD
LYTS	Furniture and Fixtures	LONG	7.22	-0.69	HOLD
MED	Biotechnology and Drugs	LONG	18.26	2.70	HOLD
MR	Scientific and Technical Instr.	LONG	26.51	-0.11	HOLD
MTL	Iron and Steel	LONG	28.63	-1.21	SELL
NCT	Real Estate Operations	LONG	6.23	1.30	HOLD
NVMI	Semiconductors	LONG	10.08	-0.69	HOLD
RIMM	Communications Equipment	LONG	53.44	-0.61	SELL
SOL	Semiconductors	LONG	9.29	0.87	HOLD
SPY	Misc. Financial Services	SHORT	133.64	-0.10	HOLD
STLD	Iron and Steel	LONG	18.47	-0.43	HOLD
TSO	Oil and Gas Operations	LONG	27.64	0.33	HOLD
UCTT	Semiconductors	LONG	10.28	2.03	BUY
VIP	Communications Services	LONG	14.24	-0.42	SELL
WATG	Auto and Truck Parts	LONG	6.03	1.52	HOLD
XRTX	Computer Storage Devices	LONG	10.05	0.75	BUY
TODAY SUMMARY				GAINS(%)
LONGS				-0.14
SHORTS				-0.10
TOTAL				-0.04
S&P 500				-0.16
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	0.13	0.74	-2.01	0.18
S&P 500	1.15	0.81	-4.78	1.43