03-Aug-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	37.43	-0.05	HOLD
ARIA	Biotechnology and Drugs	SHORT	18.69	3.03	HOLD
BAC	SandLs/Savings Banks	SHORT	7.43	3.48	HOLD
BAS	Oil Well Services and Equipment	LONG	11.78	0.77	HOLD
BBT	Regional Banks	SHORT	31.65	1.83	HOLD
BOKF	Regional Banks	SHORT	58.51	3.56	HOLD
BRKS	Semiconductors	LONG	9.30	3.10	HOLD
CORE	Retail (Grocery)	LONG	48.75	4.30	HOLD
ASNA	Retail (Apparel)	LONG	17.54	2.21	HOLD
ESI	Schools	LONG	33.80	0.03	HOLD
FCNCA	Regional Banks	SHORT	164.40	1.00	HOLD
FRED	Retail (Department and Discount)	LONG	15.29	3.24	HOLD
GDX	Misc. Financial Services	SHORT	42.86	1.95	HOLD
HBC	Regional Banks	SHORT	43.68	4.32	HOLD
HGSI	Biotechnology and Drugs	SHORT	14.24	0.00	HOLD
ISBC	SandLs/Savings Banks	SHORT	16.36	2.12	HOLD
ITMN	Biotechnology and Drugs	SHORT	8.22	2.75	HOLD
JBT	Misc. Capital Goods	LONG	14.66	3.02	HOLD
JPM	Money Center Banks	SHORT	36.09	2.62	HOLD
KELYA	Business Services	LONG	12.09	3.78	HOLD
KMR	Oil Well Services and Equipment	SHORT	75.54	0.03	HOLD
KOP	Chemical Manufacturing	LONG	34.05	4.77	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.90	3.99	HOLD
LAD	Retail (Specialty)	LONG	28.59	1.35	HOLD
NFP	Investment Services	LONG	15.15	2.23	HOLD
NJR	Natural Gas Utilities	LONG	45.63	1.06	HOLD
NR	Oil Well Services and Equipment	LONG	6.81	3.18	HOLD
RIG	Oil Well Services and Equipment	SHORT	48.75	3.28	HOLD
RIGL	Biotechnology and Drugs	SHORT	10.61	2.81	HOLD
RUSHA	Retail (Specialty)	LONG	15.61	3.24	HOLD
SQNM	Medical Equipment and Supplies	SHORT	3.13	14.65	HOLD
STI	Regional Banks	SHORT	24.09	3.79	HOLD
STRA	Schools	LONG	70.45	0.67	HOLD
STX	Computer Storage Devices	LONG	30.94	3.27	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.23	1.43	HOLD
TPX	Furniture and Fixtures	LONG	28.85	3.93	HOLD
USB	Regional Banks	SHORT	33.49	1.79	HOLD
USTR	Office Supplies	LONG	24.96	2.46	HOLD
VQ	Oil and Gas Operations	LONG	8.91	2.06	HOLD
WFC	Regional Banks	SHORT	34.34	3.00	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				2.43
SHORTS				3.07
TOTAL				-0.64
S&P 500				1.98
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-37.26	5.53	-39.30	-5.06	-0.71
S&P 500	8.49	5.11	-18.60	1.16	0.32