02-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	14.44	-8.14	HOLD
AXTI	Semiconductors	LONG	7.32	-4.06	SELL
BGFV	Retail (Specialty)	LONG	6.63	-6.75	HOLD
BKR	Construction Services	LONG	22.22	0.00	HOLD
CPE	Oil and Gas Operations	LONG	5.32	-4.83	HOLD
CRTX	Biotechnology and Drugs	LONG	7.50	-1.96	HOLD
CRY	Medical Equipment and Supplies	LONG	4.85	-3.39	HOLD
JST	Electronic Instr. and Controls	LONG	9.62	-4.28	HOLD
KELYA	Business Services	LONG	13.96	-3.46	HOLD
LCUT	Personal and Household Prods.	LONG	10.06	-5.07	HOLD
LDL	Misc. Capital Goods	LONG	9.40	-7.30	HOLD
MASC	Misc. Fabricated Products	LONG	6.90	1.02	HOLD
MLR	Auto and Truck Manufacturers	LONG	18.74	-1.21	BUY
PETS	Retail (Drugs)	LONG	9.70	-2.41	HOLD
RCKY	Footwear	LONG	11.57	0.26	HOLD
RSYS	Computer Hardware	LONG	7.13	-4.93	HOLD
SFE	Business Services	LONG	14.07	-7.98	HOLD
SPY	Misc. Financial Services	SHORT	117.85	-2.55	HOLD
STRT	Auto and Truck Parts	LONG	22.75	0.44	HOLD
SUP	Auto and Truck Parts	LONG	16.15	-3.47	HOLD
TSEM	Semiconductors	LONG	0.74	-1.99	HOLD
UFI	Textiles - Non Apparel	LONG	10.08	-5.44	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-3.69
SHORTS				-2.55
TOTAL				-1.13
S&P 500				-2.55
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-4.24	2.24	-9.38	-3.73	-0.89
S&P 500	-10.15	3.66	-17.31	-5.31	-1.12

02-Sep-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRTX, CRY, JST, KELYA, LCUT,
LDL, MASC, PETS, RCKY, RSYS, SFE, STRT, SUP, TSEM, UFI
Pre Opening Shorts: SPY

01-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	15.72	0.26	HOLD
AXTI	Semiconductors	LONG	7.63	-1.80	HOLD
BGFV	Retail (Specialty)	LONG	7.11	-4.31	HOLD
BKR	Construction Services	LONG	22.22	-1.46	HOLD
CPE	Oil and Gas Operations	LONG	5.59	-2.78	HOLD
CRTX	Biotechnology and Drugs	LONG	7.65	-1.80	HOLD
CRY	Medical Equipment and Supplies	LONG	5.02	-1.76	HOLD
JST	Electronic Instr. and Controls	LONG	10.05	3.29	HOLD
KELYA	Business Services	LONG	14.46	-4.87	HOLD
LCUT	Personal and Household Prods.	LONG	10.60	-0.02	HOLD
LDL	Misc. Capital Goods	LONG	10.14	-7.06	HOLD
MASC	Misc. Fabricated Products	LONG	6.83	-2.57	HOLD
PETS	Retail (Drugs)	LONG	9.94	-1.88	HOLD
RCKY	Footwear	LONG	11.54	0.00	HOLD
RSYS	Computer Hardware	LONG	7.50	-0.53	HOLD
SFE	Business Services	LONG	15.29	-4.68	HOLD
SPY	Misc. Financial Services	SHORT	120.94	-1.05	HOLD
STRT	Auto and Truck Parts	LONG	22.65	-1.99	HOLD
SUP	Auto and Truck Parts	LONG	16.73	-2.85	HOLD
TSEM	Semiconductors	LONG	0.75	-3.30	HOLD
UFI	Textiles - Non Apparel	LONG	10.66	-4.99	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-2.25
SHORTS				-1.05
TOTAL				-1.21
S&P 500				-1.05
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-3.19	2.05	-8.61	-3.11	-0.74
S&P 500	-7.80	3.63	-17.31	-4.19	-0.88

31-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	15.68	-4.80	HOLD
AXTI	Semiconductors	LONG	7.77	-5.36	HOLD
BGFV	Retail (Specialty)	LONG	7.43	-2.11	HOLD
BKR	Construction Services	LONG	22.55	-2.13	HOLD
CPE	Oil and Gas Operations	LONG	5.75	-1.54	HOLD
CRTX	Biotechnology and Drugs	LONG	7.79	-2.26	HOLD
CRY	Medical Equipment and Supplies	LONG	5.11	-1.92	HOLD
JST	Electronic Instr. and Controls	LONG	9.73	0.41	HOLD
KELYA	Business Services	LONG	15.20	-1.81	HOLD
LCUT	Personal and Household Prods.	LONG	10.60	-1.40	HOLD
LDL	Misc. Capital Goods	LONG	10.91	-2.94	HOLD
MASC	Misc. Fabricated Products	LONG	7.01	1.74	HOLD
PACR	Misc. Transportation	LONG	4.52	-0.44	SELL
PETS	Retail (Drugs)	LONG	10.13	-1.94	BUY
RCKY	Footwear	LONG	11.54	-0.26	HOLD
RSYS	Computer Hardware	LONG	7.54	-3.33	HOLD
SFE	Business Services	LONG	16.04	2.10	HOLD
SPY	Misc. Financial Services	SHORT	122.22	0.44	HOLD
STRT	Auto and Truck Parts	LONG	23.11	0.00	HOLD
SUP	Auto and Truck Parts	LONG	17.22	1.59	HOLD
TSEM	Semiconductors	LONG	0.78	1.39	HOLD
UFI	Textiles - Non Apparel	LONG	11.22	-2.09	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.26
SHORTS				0.44
TOTAL				-1.70
S&P 500				0.44
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-2.01	1.87	-8.61	-2.17	-0.47
S&P 500	-6.82	3.66	-17.31	-3.68	-0.78

31-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRTX, CRY, JST, KELYA, LCUT,
LDL, MASC, PACR, RCKY, RSYS, SFE, STRT, SUP, TSEM, UFI
Pre Opening Shorts: SPY

30-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	16.47	5.78	HOLD
AXTI	Semiconductors	LONG	8.21	4.06	HOLD
BGFV	Retail (Specialty)	LONG	7.59	3.76	HOLD
BKR	Construction Services	LONG	23.04	9.92	HOLD
CPE	Oil and Gas Operations	LONG	5.84	-0.68	HOLD
CRTX	Biotechnology and Drugs	LONG	7.97	-0.99	HOLD
CRY	Medical Equipment and Supplies	LONG	5.21	-1.70	HOLD
JST	Electronic Instr. and Controls	LONG	9.69	-0.10	HOLD
KELYA	Business Services	LONG	15.48	0.39	HOLD
LCUT	Personal and Household Prods.	LONG	10.75	0.66	HOLD
LDL	Misc. Capital Goods	LONG	11.24	3.79	HOLD
MASC	Misc. Fabricated Products	LONG	6.89	-1.85	HOLD
PACR	Misc. Transportation	LONG	4.54	0.67	HOLD
RCKY	Footwear	LONG	11.57	-2.36	HOLD
RSYS	Computer Hardware	LONG	7.80	-0.38	HOLD
SFE	Business Services	LONG	15.71	0.32	HOLD
SPY	Misc. Financial Services	SHORT	121.68	0.26	COVER
STRT	Auto and Truck Parts	LONG	23.11	-0.77	HOLD
SUP	Auto and Truck Parts	LONG	16.95	-0.53	HOLD
TSEM	Semiconductors	LONG	0.77	-1.27	HOLD
UFI	Textiles - Non Apparel	LONG	11.46	-2.30	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.82
SHORTS				0.26
TOTAL				0.56
S&P 500				0.26
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-0.31	1.69	-8.61	-0.38	-0.07
S&P 500	-7.23	3.66	-17.31	-3.92	-0.83

29-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRTX, CRY, JST, KELYA, LCUT,
LDL, MASC, PACR, RCKY, RIMG, RSYS, SFE, STRT, TSEM, UFI
Pre Opening Shorts: SPY