20-Nov-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ATVI	Software and Programming	SHORT	11.24	0.00	HOLD
BAC	SandLs/Savings Banks	SHORT	9.63	1.48	COVER
BAS	Oil Well Services and Equipment	LONG	10.02	2.98	HOLD
BBT	Regional Banks	SHORT	28.45	0.25	HOLD
BIG	Retail (Specialty)	LONG	27.55	-1.25	BUY
BOKF	Regional Banks	SHORT	56.01	0.92	HOLD
BX	Investment Services	SHORT	14.70	2.44	HOLD
CEC	Restaurants	LONG	30.24	-0.92	HOLD
CEF	Misc. Financial Services	SHORT	22.74	-0.57	HOLD
CET	Misc. Financial Services	SHORT	18.86	-0.53	HOLD
CORE		LONG	43.14	1.24	HOLD
CPLA	Schools	LONG	27.80	-1.28	HOLD
CSE	Regional Banks	SHORT	7.93	0.63	HOLD
DUK	Electric Utilities	SHORT	60.79	-0.33	HOLD
ESI	Schools	LONG	16.52	-4.40	HOLD
EVV	Misc. Financial Services	SHORT	16.83	-0.47	COVER
FHN	Regional Banks	SHORT	9.67	0.83	SHORT
FRED	Retail (Department and Discount)	LONG	13.35	-1.77	HOLD
FTK	Oil Well Services and Equipment	LONG	10.55	-2.22	HOLD
GBX	Railroads	LONG	17.46	-2.46	HOLD
GLD	Misc. Financial Services	SHORT	167.39	-0.29	HOLD
HBC	Regional Banks	SHORT	49.03	-0.55	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.05	0.19	HOLD
IAU	Misc. Financial Services	SHORT	16.82	-0.18	HOLD
ISBC	SandLs/Savings Banks	SHORT	16.66	-0.42	HOLD
JBT	Misc. Capital Goods	LONG	15.86	0.25	HOLD
KEG	Oil Well Services and Equipment	LONG	6.26	-1.11	HOLD
KELYA	Business Services	LONG	13.04	-0.61	SELL
KMR	Oil Well Services and Equipment	SHORT	73.78	0.00	HOLD
KOP	Chemical Manufacturing	LONG	33.27	0.24	HOLD
KRNY	SandLs/Savings Banks	SHORT	8.97	-1.64	HOLD
LAD	Retail (Specialty)	LONG	33.00	-1.37	HOLD
LCC	Airline	LONG	12.49	3.48	HOLD
NILE	Retail (Specialty)	LONG	36.93	1.60	BUY
NP	Paper and Paper Products	LONG	25.15	-0.63	HOLD
NR	Oil Well Services and Equipment	LONG	7.33	2.23	HOLD
NVS	Major Drugs	SHORT	59.09	-0.67	HOLD
RUSHA	Retail (Specialty)	LONG	18.86	-0.21	SELL
SLV	Misc. Financial Services	SHORT	32.10	0.17	SHORT
STRA	Schools	LONG	48.58	-2.37	HOLD
TCB	Regional Banks	SHORT	11.58	2.12	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.34	0.85	HOLD
TKC	Communications Services	SHORT	14.91	-0.20	HOLD
USB	Regional Banks	SHORT	32.25	0.53	HOLD
USNA	Conglomerates	LONG	43.83	-0.30	HOLD
USTR	Office Supplies	LONG	29.52	-0.03	HOLD
V	Consumer Financial Services	SHORT	146.34	0.47	SHORT
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WFC	Regional Banks	SHORT	32.92	1.60	COVER
WGL	Natural Gas Utilities	LONG	37.13	-0.38	HOLD
XTXI	Oil Well Services and Equipment	LONG	12.46	2.81	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.30
SHORTS				0.22
TOTAL				-0.52
S&P 500				0.04
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-38.10	5.12	-39.75	-4.74	-0.61
S&P 500	8.95	5.45	-18.60	0.94	0.27