02-Aug-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	37.45	0.73	HOLD
ARIA	Biotechnology and Drugs	SHORT	18.14	-2.05	HOLD
BAC	SandLs/Savings Banks	SHORT	7.18	-0.55	HOLD
BAS	Oil Well Services and Equipment	LONG	11.69	2.63	HOLD
BBT	Regional Banks	SHORT	31.08	-0.73	HOLD
BOKF	Regional Banks	SHORT	56.50	1.33	HOLD
BRKS	Semiconductors	LONG	9.02	0.00	HOLD
CORE	Retail (Grocery)	LONG	46.74	-1.23	HOLD
ASNA	Retail (Apparel)	LONG	17.16	-2.83	HOLD
ESI	Schools	LONG	33.79	-5.56	HOLD
FCNCA	Regional Banks	SHORT	162.78	-0.77	HOLD
FRED	Retail (Department and Discount)	LONG	14.81	2.42	HOLD
GDX	Misc. Financial Services	SHORT	42.04	-0.50	HOLD
HBC	Regional Banks	SHORT	41.87	-0.48	HOLD
HGSI	Biotechnology and Drugs	SHORT	14.24	0.00	HOLD
ISBC	SandLs/Savings Banks	SHORT	16.02	-1.48	HOLD
ITMN	Biotechnology and Drugs	SHORT	8.00	-3.96	HOLD
JBT	Misc. Capital Goods	LONG	14.23	0.07	HOLD
JPM	Money Center Banks	SHORT	35.17	-2.31	HOLD
KELYA	Business Services	LONG	11.65	0.17	HOLD
KMR	Oil Well Services and Equipment	SHORT	75.52	-1.22	HOLD
KOP	Chemical Manufacturing	LONG	32.50	-2.81	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.52	0.85	HOLD
LAD	Retail (Specialty)	LONG	28.21	-0.98	HOLD
NFP	Investment Services	LONG	14.82	0.61	HOLD
NJR	Natural Gas Utilities	LONG	45.15	-0.88	HOLD
NR	Oil Well Services and Equipment	LONG	6.60	-1.20	HOLD
RIG	Oil Well Services and Equipment	SHORT	47.20	-1.26	HOLD
RIGL	Biotechnology and Drugs	SHORT	10.32	-0.39	HOLD
RUSHA	Retail (Specialty)	LONG	15.12	0.80	HOLD
SQNM	Medical Equipment and Supplies	SHORT	2.73	-3.87	HOLD
STI	Regional Banks	SHORT	23.21	-1.94	HOLD
STRA	Schools	LONG	69.98	-3.58	HOLD
STX	Computer Storage Devices	LONG	29.96	-0.89	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.10	-1.30	HOLD
TPX	Furniture and Fixtures	LONG	27.76	-3.51	HOLD
USB	Regional Banks	SHORT	32.90	-1.26	HOLD
USTR	Office Supplies	LONG	24.36	-0.61	HOLD
VQ	Oil and Gas Operations	LONG	8.73	-3.00	HOLD
WFC	Regional Banks	SHORT	33.34	-1.65	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.98
SHORTS				-1.18
TOTAL				0.19
S&P 500				-0.69
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-36.85	5.51	-39.30	-5.04	-0.71
S&P 500	6.38	5.20	-18.60	0.86	0.24