21-Dec-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	16.73	-1.47	HOLD
ALJ	Oil and Gas Operations	LONG	15.83	10.16	HOLD
ATVI	Software and Programming	SHORT	10.65	-1.21	HOLD
BAS	Oil Well Services and Equipment	LONG	11.48	-1.71	HOLD
BBT	Regional Banks	SHORT	29.45	-0.64	HOLD
BIG	Retail (Specialty)	LONG	28.58	2.22	HOLD
BLX	Regional Banks	SHORT	21.38	-0.47	HOLD
BOKF	Regional Banks	SHORT	55.38	0.49	HOLD
CEF	Misc. Financial Services	SHORT	21.13	0.33	HOLD
CENTA	Personal and Household Prods.	LONG	10.29	-0.19	HOLD
CET	Misc. Financial Services	SHORT	19.63	-0.86	HOLD
ESI	Schools	LONG	17.27	-5.73	HOLD
FHN	Regional Banks	SHORT	10.02	-1.38	HOLD
FRED	Retail (Department and Discount)	LONG	13.83	4.06	HOLD
FTK	Oil Well Services and Equipment	LONG	12.08	0.25	HOLD
GBX	Railroads	LONG	16.14	-11.12	HOLD
GLD	Misc. Financial Services	SHORT	160.32	0.37	HOLD
HBC	Regional Banks	SHORT	52.66	-0.74	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.16	-1.33	HOLD
IAU	Misc. Financial Services	SHORT	16.11	0.37	HOLD
IPAR	Personal and Household Prods.	LONG	19.87	-0.96	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.79	0.06	HOLD
KEG	Oil Well Services and Equipment	LONG	6.94	-2.66	HOLD
KMR	Oil Well Services and Equipment	SHORT	75.02	-1.16	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.80	0.10	HOLD
LAD	Retail (Specialty)	LONG	36.75	-1.42	HOLD
LCC	Airline	LONG	13.44	-0.74	HOLD
LINE	Oil and Gas Operations	SHORT	36.78	-0.80	HOLD
NAFC	Retail (Grocery)	LONG	21.79	-0.86	HOLD
NILE	Retail (Specialty)	LONG	38.91	-1.22	HOLD
NR	Oil Well Services and Equipment	LONG	7.95	-0.75	HOLD
NVS	Major Drugs	SHORT	63.19	-0.89	HOLD
OMX		LONG	9.73	-1.92	HOLD
SLV	Misc. Financial Services	SHORT	29.00	0.01	HOLD
SONC	Restaurants	LONG	10.34	-0.77	HOLD
STRA	Schools	LONG	56.84	-2.44	HOLD
TCB	Regional Banks	SHORT	12.27	-1.37	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.00	0.67	HOLD
TKC	Communications Services	SHORT	15.71	-0.82	HOLD
USB	Regional Banks	SHORT	32.48	0.12	HOLD
USNA	Conglomerates	LONG	33.83	-4.68	HOLD
USTR	Office Supplies	LONG	31.16	0.02	HOLD
V	Consumer Financial Services	SHORT	150.77	-1.11	HOLD
VALE	Metal Mining	SHORT	20.10	-1.76	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WGL	Natural Gas Utilities	LONG	39.79	-0.45	HOLD
XTXI	Oil Well Services and Equipment	LONG	14.23	0.07	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.91
SHORTS				-0.56
TOTAL				-0.35
S&P 500				-0.90
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-35.03	5.36	-39.77	-3.95	-0.53
S&P 500	11.76	5.15	-18.60	1.23	0.34