27-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	25.57	0.87	HOLD
AM	Printing and Publishing	LONG	24.57	1.91	HOLD
BTH	Personal and Household Prods.	LONG	46.72	-0.66	HOLD
CAAS	Auto and Truck Parts	LONG	9.57	-5.62	HOLD
CMC	Iron and Steel	LONG	16.74	0.48	SELL
COHU	Semiconductors	LONG	13.99	0.00	HOLD
CORE	Retail (Grocery)	LONG	33.48	-0.45	HOLD
ELY	Recreational Products	LONG	6.89	-1.29	HOLD
HHGP	Business Services	LONG	6.04	-1.79	HOLD
JBL	Electronic Instr. and Controls	LONG	20.92	2.10	SELL
JOUT	Recreational Products	LONG	16.06	2.82	HOLD
KNSY	Medical Equipment and Supplies	LONG	24.82	1.06	HOLD
LYTS	Furniture and Fixtures	LONG	7.39	1.65	HOLD
MED	Biotechnology and Drugs	LONG	19.49	-0.15	HOLD
NCT	Real Estate Operations	LONG	6.20	0.98	HOLD
NVMI	Semiconductors	LONG	10.39	1.27	HOLD
PACR	Misc. Transportation	LONG	5.11	0.39	BUY
PETS	Retail (Drugs)	LONG	15.05	1.42	HOLD
PLAB	Semiconductors	LONG	9.20	0.55	HOLD
RSYS	Computer Hardware	LONG	8.71	2.35	HOLD
SPY	Misc. Financial Services	SHORT	135.67	0.65	HOLD
UCTT	Semiconductors	LONG	11.70	1.04	HOLD
WATG	Auto and Truck Parts	LONG	6.10	1.50	HOLD
WGO	Mobile Homes and RVs	LONG	12.52	-0.79	HOLD
XRTX	Computer Storage Devices	LONG	10.31	-0.29	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.39
SHORTS				0.65
TOTAL				-0.26
S&P 500				0.62
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	0.72	0.73	-2.01	0.99
S&P 500	2.70	0.80	-4.78	3.36