22-Aug-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	39.70	-0.50	HOLD
BAC	SandLs/Savings Banks	SHORT	8.22	0.37	HOLD
BAS	Oil Well Services and Equipment	LONG	11.93	-2.13	HOLD
BBT	Regional Banks	SHORT	31.74	0.25	HOLD
BOKF	Regional Banks	SHORT	57.56	-1.07	HOLD
BX	Investment Services	SHORT	13.60	-0.44	HOLD
CEF	Misc. Financial Services	SHORT	20.91	1.90	HOLD
CET	Misc. Financial Services	SHORT	20.10	-0.35	HOLD
CORE	Retail (Grocery)	LONG	45.45	-1.92	HOLD
CPLA	Schools	LONG	32.89	-3.41	HOLD
CSE	Regional Banks	SHORT	6.89	-0.58	HOLD
ESI	Schools	LONG	32.53	-1.81	HOLD
EVV	Misc. Financial Services	SHORT	16.71	0.78	HOLD
FCNCA	Regional Banks	SHORT	163.91	-1.73	HOLD
FRED	Retail (Department and Discount)	LONG	15.19	-1.24	HOLD
GBX	Railroads	LONG	16.26	2.52	HOLD
GDX	Misc. Financial Services	SHORT	47.50	2.41	HOLD
HBC	Regional Banks	SHORT	44.45	-0.38	HOLD
ISBC	SandLs/Savings Banks	SHORT	16.84	-0.41	HOLD
JBT	Misc. Capital Goods	LONG	16.46	0.06	HOLD
JPM	Money Center Banks	SHORT	37.83	-0.55	HOLD
KELYA	Business Services	LONG	12.61	-2.25	HOLD
KMR	Oil Well Services and Equipment	SHORT	73.47	-0.85	HOLD
KOP	Chemical Manufacturing	LONG	32.14	0.63	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.62	-1.03	HOLD
LAD	Retail (Specialty)	LONG	28.56	-0.45	HOLD
NFP	Investment Services	LONG	15.16	-0.39	HOLD
NJR	Natural Gas Utilities	LONG	45.69	-0.46	HOLD
NLY	Misc. Financial Services	SHORT	17.08	0.71	HOLD
NP	Paper and Paper Products	LONG	28.16	-1.12	HOLD
NR	Oil Well Services and Equipment	LONG	7.17	-0.69	HOLD
OMX	Office Supplies	LONG	5.46	-0.73	HOLD
RIG	Oil Well Services and Equipment	SHORT	48.99	-0.28	HOLD
RUSHA	Retail (Specialty)	LONG	17.93	-0.99	HOLD
SONC	Restaurants	LONG	9.50	-2.76	HOLD
STI	Regional Banks	SHORT	25.20	-0.32	HOLD
STRA	Schools	LONG	68.53	-1.55	HOLD
TEN	Auto and Truck Parts	LONG	30.75	-2.90	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.64	-0.92	HOLD
TKC	Communications Services	SHORT	14.32	2.14	HOLD
USB	Regional Banks	SHORT	32.90	-0.39	HOLD
USTR	Office Supplies	LONG	24.66	-0.92	HOLD
VQ	Oil and Gas Operations	LONG	10.74	1.23	HOLD
WFC	Regional Banks	SHORT	34.18	-0.58	HOLD
XTXI	Oil Well Services and Equipment	LONG	12.77	-1.16	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.00
SHORTS				-0.06
TOTAL				-0.94
S&P 500				0.04
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-35.88	5.35	-39.30	-4.87	-0.66
S&P 500	10.42	5.08	-18.60	1.37	0.37