16-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
BKR	Construction Services	LONG	21.04	-0.28	HOLD
CPE	Oil and Gas Operations	LONG	5.55	2.97	HOLD
CRTX	Biotechnology and Drugs	LONG	7.46	-0.27	HOLD
CRY	Medical Equipment and Supplies	LONG	5.03	1.00	HOLD
HOFT	Furniture and Fixtures	LONG	9.61	0.10	HOLD
JST	Electronic Instr. and Controls	LONG	9.43	0.64	HOLD
KELYA	Business Services	LONG	13.90	-0.79	HOLD
LCUT	Personal and Household Prods.	LONG	11.07	-2.04	HOLD
MASC	Misc. Fabricated Products	LONG	6.95	0.00	HOLD
MLR	Auto and Truck Manufacturers	LONG	19.00	-2.46	HOLD
MOV	Jewelry and Silverware	LONG	15.43	2.94	HOLD
PERY	Apparel/Accessories	LONG	20.83	1.96	HOLD
RCKY	Footwear	LONG	11.45	3.25	HOLD
RELL	Electronic Instr. and Controls	LONG	14.50	1.12	HOLD
RSYS	Computer Hardware	LONG	6.68	3.89	HOLD
SFE	Business Services	LONG	15.22	0.86	HOLD
SIGA	Biotechnology and Drugs	LONG	5.12	4.07	HOLD
SPY	Misc. Financial Services	SHORT	121.52	0.60	HOLD
STRT	Auto and Truck Parts	LONG	22.60	-8.76	HOLD
TSEM	Semiconductors	LONG	0.70	-2.23	HOLD
UFI	Textiles - Non Apparel	LONG	10.06	-0.69	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.26
SHORTS				0.60
TOTAL				-0.33
S&P 500				0.60
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-4.75	2.28	-10.74	-3.83	-0.81
S&P 500	-7.36	3.71	-17.31	-3.61	-0.77

15-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
BKR	Construction Services	LONG	21.10	1.01	HOLD
CPE	Oil and Gas Operations	LONG	5.39	3.26	HOLD
CRTX	Biotechnology and Drugs	LONG	7.48	-2.86	HOLD
CRY	Medical Equipment and Supplies	LONG	4.98	-0.60	HOLD
HOFT	Furniture and Fixtures	LONG	9.60	1.69	HOLD
JST	Electronic Instr. and Controls	LONG	9.37	3.54	HOLD
KELYA	Business Services	LONG	14.01	1.74	HOLD
LCUT	Personal and Household Prods.	LONG	11.30	2.91	HOLD
MASC	Misc. Fabricated Products	LONG	6.95	2.36	HOLD
MLR	Auto and Truck Manufacturers	LONG	19.48	2.20	HOLD
MOV	Jewelry and Silverware	LONG	14.99	-0.53	HOLD
PERY	Apparel/Accessories	LONG	20.43	1.09	HOLD
RCKY	Footwear	LONG	11.09	-0.18	HOLD
RELL	Electronic Instr. and Controls	LONG	14.34	2.65	HOLD
RSYS	Computer Hardware	LONG	6.43	-0.46	HOLD
SFE	Business Services	LONG	15.09	1.48	HOLD
SIGA	Biotechnology and Drugs	LONG	4.92	-0.81	HOLD
SPY	Misc. Financial Services	SHORT	121.43	1.73	HOLD
STRT	Auto and Truck Parts	LONG	24.77	-1.00	HOLD
SUP	Auto and Truck Parts	LONG	16.58	0.79	SELL
TSEM	Semiconductors	LONG	0.72	7.30	HOLD
UFI	Textiles - Non Apparel	LONG	10.13	1.81	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.30
SHORTS				1.73
TOTAL				-0.42
S&P 500				1.73
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-4.93	2.31	-10.74	-3.95	-0.85
S&P 500	-7.43	3.71	-17.31	-3.66	-0.79

15-Sep-2011 Daily positions

Pre Opening Longs: BKR, CPE, CRTX, CRY, HOFT, JST, KELYA, LCUT, MASC, MLR,
MOV, PERY, RCKY, RELL, RSYS, SFE, SIGA, STRT, SUP, TSEM, UFI
Pre Opening Shorts: SPY

14-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
BKR	Construction Services	LONG	20.62	-0.53	HOLD
CPE	Oil and Gas Operations	LONG	5.22	2.55	HOLD
CRTX	Biotechnology and Drugs	LONG	7.70	2.94	HOLD
CRY	Medical Equipment and Supplies	LONG	5.01	2.45	HOLD
HOFT	Furniture and Fixtures	LONG	9.44	0.75	HOLD
JST	Electronic Instr. and Controls	LONG	9.05	-3.72	HOLD
KELYA	Business Services	LONG	13.77	3.53	HOLD
LCUT	Personal and Household Prods.	LONG	10.98	8.28	HOLD
MASC	Misc. Fabricated Products	LONG	6.79	0.59	HOLD
MLR	Auto and Truck Manufacturers	LONG	19.06	1.71	HOLD
MOV	Jewelry and Silverware	LONG	15.07	2.10	HOLD
PERY	Apparel/Accessories	LONG	20.21	-0.54	HOLD
RCKY	Footwear	LONG	11.11	1.55	HOLD
RELL	Electronic Instr. and Controls	LONG	13.97	0.43	HOLD
RSYS	Computer Hardware	LONG	6.46	4.87	HOLD
SFE	Business Services	LONG	14.87	2.34	HOLD
SIGA	Biotechnology and Drugs	LONG	4.96	0.00	HOLD
SPY	Misc. Financial Services	SHORT	119.37	1.38	COVER
STRT	Auto and Truck Parts	LONG	25.02	0.20	HOLD
SUP	Auto and Truck Parts	LONG	16.45	3.46	HOLD
TSEM	Semiconductors	LONG	0.67	2.14	HOLD
UFI	Textiles - Non Apparel	LONG	9.95	2.05	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.77
SHORTS				1.38
TOTAL				0.39
S&P 500				1.38
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-4.59	2.27	-10.74	-3.78	-0.80
S&P 500	-9.00	3.65	-17.31	-4.52	-0.95

14-Sep-2011 Daily positions

Pre Opening Longs: BKR, CPE, CRTX, CRY, HOFT, JST, KELYA, LCUT, MASC, MLR,
MOV, PERY, RCKY, RELL, RSYS, SFE, SIGA, STRT, SUP, TSEM, UFI
Pre Opening Shorts: SPY

13-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
BKR	Construction Services	LONG	20.74	1.52	HOLD
CPE	Oil and Gas Operations	LONG	5.09	1.60	HOLD
CRTX	Biotechnology and Drugs	LONG	7.48	12.65	HOLD
CRY	Medical Equipment and Supplies	LONG	4.89	-1.01	HOLD
HOFT	Furniture and Fixtures	LONG	9.37	0.97	HOLD
JST	Electronic Instr. and Controls	LONG	9.40	-1.16	HOLD
KELYA	Business Services	LONG	13.30	2.47	HOLD
LCUT	Personal and Household Prods.	LONG	10.14	4.86	HOLD
MASC	Misc. Fabricated Products	LONG	6.75	-0.44	HOLD
MLR	Auto and Truck Manufacturers	LONG	18.74	3.71	HOLD
MOV	Jewelry and Silverware	LONG	14.76	4.38	HOLD
PERY	Apparel/Accessories	LONG	20.32	-0.29	HOLD
RCKY	Footwear	LONG	10.94	1.30	HOLD
RELL	Electronic Instr. and Controls	LONG	13.91	0.58	HOLD
RSYS	Computer Hardware	LONG	6.16	-1.75	HOLD
SFE	Business Services	LONG	14.53	1.47	HOLD
SIGA	Biotechnology and Drugs	LONG	4.96	-0.20	HOLD
SPY	Misc. Financial Services	SHORT	117.74	0.92	HOLD
STRT	Auto and Truck Parts	LONG	24.97	1.59	HOLD
SUP	Auto and Truck Parts	LONG	15.90	1.34	HOLD
TSEM	Semiconductors	LONG	0.65	0.49	HOLD
UFI	Textiles - Non Apparel	LONG	9.75	1.99	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.72
SHORTS				0.92
TOTAL				0.80
S&P 500				0.92
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-4.95	2.33	-10.74	-3.99	-0.87
S&P 500	-10.24	3.64	-17.31	-5.16	-1.08

13-Sep-2011 Daily positions

Pre Opening Longs: BKR, CPE, CRTX, CRY, HOFT, JST, KELYA, LCUT, MASC, MLR,
MOV, PERY, RCKY, RELL, RSYS, SFE, SIGA, STRT, SUP, TSEM, UFI
Pre Opening Shorts: SPY

12-Sep-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
BKR	Construction Services	LONG	20.43	-3.77	HOLD
CPE	Oil and Gas Operations	LONG	5.01	-1.38	HOLD
CRTX	Biotechnology and Drugs	LONG	6.64	0.61	HOLD
CRY	Medical Equipment and Supplies	LONG	4.94	2.28	HOLD
HOFT	Furniture and Fixtures	LONG	9.28	0.98	HOLD
JST	Electronic Instr. and Controls	LONG	9.51	-1.96	HOLD
KELYA	Business Services	LONG	12.98	-1.37	HOLD
LCUT	Personal and Household Prods.	LONG	9.67	1.15	HOLD
MASC	Misc. Fabricated Products	LONG	6.78	2.11	HOLD
MLR	Auto and Truck Manufacturers	LONG	18.07	-0.71	HOLD
MOV	Jewelry and Silverware	LONG	14.14	1.36	HOLD
PERY	Apparel/Accessories	LONG	20.38	0.15	HOLD
RCKY	Footwear	LONG	10.80	-2.00	HOLD
RELL	Electronic Instr. and Controls	LONG	13.83	0.36	HOLD
RSYS	Computer Hardware	LONG	6.27	0.48	HOLD
SFE	Business Services	LONG	14.32	-2.12	HOLD
SIGA	Biotechnology and Drugs	LONG	4.97	2.05	HOLD
SPY	Misc. Financial Services	SHORT	116.67	0.65	HOLD
STRT	Auto and Truck Parts	LONG	24.68	7.63	HOLD
SUP	Auto and Truck Parts	LONG	15.69	-0.76	HOLD
TSEM	Semiconductors	LONG	0.65	-8.45	HOLD
UFI	Textiles - Non Apparel	LONG	9.56	-1.54	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.23
SHORTS				0.65
TOTAL				-0.88
S&P 500				0.65
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-5.68	2.46	-10.72	-4.36	-1.00
S&P 500	-11.05	3.66	-17.31	-5.55	-1.17

12-Sep-2011 Daily positions

Pre Opening Longs: BKR, CPE, CRTX, CRY, HOFT, JST, KELYA, LCUT, MASC, MLR,
MOV, PERY, RCKY, RELL, RSYS, SFE, SIGA, STRT, SUP, TSEM, UFI
Pre Opening Shorts: SPY