07-Aug-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	36.13	-1.01	HOLD
ARIA	Biotechnology and Drugs	SHORT	18.93	0.37	HOLD
BAC	SandLs/Savings Banks	SHORT	7.67	0.39	HOLD
BAS	Oil Well Services and Equipment	LONG	12.28	3.19	HOLD
BBT	Regional Banks	SHORT	31.67	0.48	HOLD
BOKF	Regional Banks	SHORT	58.92	0.55	HOLD
BRKS	Semiconductors	LONG	9.58	0.63	SELL
CEF	Misc. Financial Services	SHORT	20.20	0.25	SHORT
CET	Misc. Financial Services	SHORT	20.11	0.25	SHORT
CORE	Retail (Grocery)	LONG	49.09	-1.56	HOLD
ASNA	Retail (Apparel)	LONG	18.19	2.19	HOLD
ESI	Schools	LONG	33.59	0.51	HOLD
FCNCA	Regional Banks	SHORT	165.99	1.75	HOLD
FRED	Retail (Department and Discount)	LONG	15.63	3.30	HOLD
GBX	Railroads	LONG	16.25	5.59	BUY
GDX	Misc. Financial Services	SHORT	44.21	1.10	HOLD
HBC	Regional Banks	SHORT	43.73	0.48	HOLD
HGSI	Biotechnology and Drugs	SHORT	14.24	0.00	HOLD
ISBC	SandLs/Savings Banks	SHORT	16.34	0.00	HOLD
ITMN	Biotechnology and Drugs	SHORT	8.05	1.39	COVER
JBT	Misc. Capital Goods	LONG	15.94	9.93	HOLD
JPM	Money Center Banks	SHORT	37.01	1.96	HOLD
KELYA	Business Services	LONG	12.20	0.25	HOLD
KMR	Oil Well Services and Equipment	SHORT	73.50	-3.45	HOLD
KOP	Chemical Manufacturing	LONG	34.07	0.50	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.81	0.72	HOLD
LAD	Retail (Specialty)	LONG	29.04	-0.55	HOLD
NFP	Investment Services	LONG	15.06	0.07	HOLD
NJR	Natural Gas Utilities	LONG	45.59	-0.44	HOLD
NR	Oil Well Services and Equipment	LONG	6.90	1.47	HOLD
OMX	Office Supplies	LONG	5.17	2.99	BUY
RIG	Oil Well Services and Equipment	SHORT	49.00	0.02	HOLD
RIGL	Biotechnology and Drugs	SHORT	10.31	-4.27	HOLD
RUSHA	Retail (Specialty)	LONG	16.42	1.36	HOLD
SONC	Restaurants	LONG	9.29	-4.33	BUY
SQNM	Medical Equipment and Supplies	SHORT	3.28	-0.91	HOLD
STI	Regional Banks	SHORT	24.30	1.12	HOLD
STRA	Schools	LONG	72.87	1.11	HOLD
STX	Computer Storage Devices	LONG	32.59	2.16	SELL
TEN	Auto and Truck Parts	LONG	29.23	3.18	BUY
TFSL	SandLs/Savings Banks	SHORT	9.10	0.00	HOLD
TPX	Furniture and Fixtures	LONG	31.81	5.65	SELL
USB	Regional Banks	SHORT	33.09	0.24	HOLD
USTR	Office Supplies	LONG	24.98	-0.24	HOLD
VQ	Oil and Gas Operations	LONG	9.42	4.67	HOLD
WFC	Regional Banks	SHORT	33.96	-0.12	HOLD
XTXI	Oil Well Services and Equipment	LONG	13.55	-1.88	BUY
TODAY SUMMARY				GAINS(%)
LONGS				1.66
SHORTS				0.09
TOTAL				1.57
S&P 500				0.50
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-35.83	5.42	-39.30	-4.93	-0.68
S&P 500	9.25	5.10	-18.60	1.25	0.34