30-Jul-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	38.55	0.16	HOLD
ARIA	Biotechnology and Drugs	SHORT	19.09	0.92	HOLD
BAC	SandLs/Savings Banks	SHORT	7.28	-0.41	HOLD
BAS	Oil Well Services and Equipment	LONG	10.73	6.66	HOLD
BBT	Regional Banks	SHORT	31.71	-2.13	HOLD
BOKF	Regional Banks	SHORT	56.72	-1.68	HOLD
BRKS	Semiconductors	LONG	8.98	-1.81	HOLD
CORE	Retail (Grocery)	LONG	48.55	-0.72	HOLD
ASNA	Retail (Apparel)	LONG	18.55	-1.90	HOLD
ESI	Schools	LONG	39.99	-7.92	HOLD
FCNCA	Regional Banks	SHORT	163.32	-1.45	HOLD
FRED	Retail (Department and Discount)	LONG	14.44	-1.30	HOLD
GDX	Misc. Financial Services	SHORT	43.72	1.37	HOLD
HBC	Regional Banks	SHORT	42.73	1.45	HOLD
HGSI	Biotechnology and Drugs	SHORT	14.24	-0.07	HOLD
ISBC	SandLs/Savings Banks	SHORT	16.30	-0.31	HOLD
ITMN	Biotechnology and Drugs	SHORT	9.03	-2.69	HOLD
JBT	Misc. Capital Goods	LONG	14.53	-0.55	BUY
JPM	Money Center Banks	SHORT	36.14	-2.03	HOLD
KELYA	Business Services	LONG	11.83	0.25	HOLD
KLIC	Semiconductors	LONG	9.83	2.32	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.75	-2.30	HOLD
LAD	Retail (Specialty)	LONG	27.62	-0.32	HOLD
NFP	Investment Services	LONG	13.81	-0.36	HOLD
NJR	Natural Gas Utilities	LONG	45.97	-0.88	HOLD
NR	Oil Well Services and Equipment	LONG	6.90	2.53	HOLD
RIG	Oil Well Services and Equipment	SHORT	47.59	0.51	HOLD
RIGL	Biotechnology and Drugs	SHORT	11.16	-0.36	HOLD
RUSHA	Retail (Specialty)	LONG	15.63	0.58	HOLD
SJT	Misc. Financial Services	LONG	16.31	0.93	SELL
SQNM	Medical Equipment and Supplies	SHORT	2.75	-14.06	HOLD
STI	Regional Banks	SHORT	23.55	-0.97	HOLD
STRA	Schools	LONG	72.97	-5.34	HOLD
STX	Computer Storage Devices	LONG	30.43	1.40	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.65	-1.03	HOLD
TPX	Furniture and Fixtures	LONG	29.45	-6.03	HOLD
USB	Regional Banks	SHORT	33.75	-0.50	HOLD
USTR	Office Supplies	LONG	25.43	0.28	HOLD
WFC	Regional Banks	SHORT	33.96	-0.54	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.61
SHORTS				-1.38
TOTAL				0.78
S&P 500				0.00
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-37.63	5.60	-39.30	-5.10	-0.73
S&P 500	7.97	5.14	-18.60	1.09	0.30