24-Dec-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	17.02	1.73	HOLD
ALJ	Oil and Gas Operations	LONG	15.43	-2.53	HOLD
ATVI	Software and Programming	SHORT	10.68	0.28	HOLD
BAS	Oil Well Services and Equipment	LONG	11.34	-1.22	HOLD
BBT	Regional Banks	SHORT	29.24	-0.71	HOLD
BIG	Retail (Specialty)	LONG	28.55	-0.10	HOLD
BLX	Regional Banks	SHORT	21.20	-0.84	HOLD
BOKF	Regional Banks	SHORT	55.21	-0.31	HOLD
CEF	Misc. Financial Services	SHORT	21.06	-0.33	HOLD
CENTA	Personal and Household Prods.	LONG	10.50	2.04	HOLD
CET	Misc. Financial Services	SHORT	19.69	0.31	HOLD
ESI	Schools	LONG	17.06	-1.22	HOLD
FHN	Regional Banks	SHORT	9.98	-0.40	HOLD
FRED	Retail (Department and Discount)	LONG	13.79	-0.29	HOLD
FTK	Oil Well Services and Equipment	LONG	11.88	-1.66	HOLD
GBX	Railroads	LONG	15.64	-3.10	HOLD
GLD	Misc. Financial Services	SHORT	160.62	0.18	HOLD
HBC	Regional Banks	SHORT	52.69	0.06	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.09	-0.86	HOLD
IAU	Misc. Financial Services	SHORT	16.13	0.25	HOLD
IPAR	Personal and Household Prods.	LONG	19.19	-3.42	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.70	-0.51	HOLD
KEG	Oil Well Services and Equipment	LONG	6.81	-1.87	HOLD
KMR	Oil Well Services and Equipment	SHORT	74.86	-0.21	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.60	-2.04	HOLD
LAD	Retail (Specialty)	LONG	36.61	-0.38	HOLD
LCC	Airline	LONG	13.33	-0.82	HOLD
LINE	Oil and Gas Operations	SHORT	36.42	-0.97	HOLD
NAFC	Retail (Grocery)	LONG	21.60	-0.87	HOLD
NILE	Retail (Specialty)	LONG	38.80	-0.28	HOLD
NR	Oil Well Services and Equipment	LONG	7.89	-0.75	HOLD
NVS	Major Drugs	SHORT	63.07	-0.19	HOLD
OMX		LONG	9.68	-0.51	HOLD
SLV	Misc. Financial Services	SHORT	28.94	-0.21	HOLD
SONC	Restaurants	LONG	10.32	-0.19	HOLD
STRA	Schools	LONG	57.66	1.44	HOLD
TCB	Regional Banks	SHORT	12.27	0.00	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.21	2.33	HOLD
TKC	Communications Services	SHORT	15.71	0.00	HOLD
USB	Regional Banks	SHORT	32.31	-0.52	HOLD
USNA	Conglomerates	LONG	32.49	-3.96	HOLD
USTR	Office Supplies	LONG	31.12	-0.11	HOLD
V	Consumer Financial Services	SHORT	151.18	0.27	HOLD
VALE	Metal Mining	SHORT	20.12	0.10	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WGL	Natural Gas Utilities	LONG	39.62	-0.43	HOLD
XTXI	Oil Well Services and Equipment	LONG	14.09	-0.98	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.92
SHORTS				-0.11
TOTAL				-0.82
S&P 500				-0.31
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-35.54	5.30	-39.77	-4.05	-0.54
S&P 500	11.42	5.18	-18.60	1.18	0.33