26-Dec-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	16.89	-0.76	HOLD
ALJ	Oil and Gas Operations	LONG	15.44	0.06	HOLD
ATVI	Software and Programming	SHORT	10.67	-0.09	HOLD
BAS	Oil Well Services and Equipment	LONG	11.51	1.50	HOLD
BBT	Regional Banks	SHORT	29.21	-0.10	HOLD
BIG	Retail (Specialty)	LONG	28.08	-1.65	HOLD
BLX	Regional Banks	SHORT	21.21	0.05	HOLD
BOKF	Regional Banks	SHORT	54.31	-1.63	HOLD
CEF	Misc. Financial Services	SHORT	21.02	-0.19	HOLD
CENTA	Personal and Household Prods.	LONG	10.26	-2.29	HOLD
CET	Misc. Financial Services	SHORT	19.45	-0.21	HOLD
ESI	Schools	LONG	17.22	0.94	HOLD
FHN	Regional Banks	SHORT	9.92	-0.60	HOLD
FRED	Retail (Department and Discount)	LONG	13.33	-3.34	HOLD
FTK	Oil Well Services and Equipment	LONG	11.76	-1.01	HOLD
GBX	Railroads	LONG	16.15	3.26	HOLD
GLD	Misc. Financial Services	SHORT	160.78	0.10	HOLD
HBC	Regional Banks	SHORT	52.81	0.23	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.10	0.12	HOLD
IAU	Misc. Financial Services	SHORT	16.15	0.12	HOLD
IPAR	Personal and Household Prods.	LONG	19.75	2.92	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.64	-0.34	HOLD
KEG	Oil Well Services and Equipment	LONG	6.91	1.47	HOLD
KMR	Oil Well Services and Equipment	SHORT	73.95	-1.22	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.63	0.31	HOLD
LAD	Retail (Specialty)	LONG	35.95	-1.80	HOLD
LCC	Airline	LONG	13.23	-0.75	HOLD
LINE	Oil and Gas Operations	SHORT	36.05	-1.02	HOLD
NAFC	Retail (Grocery)	LONG	21.14	-2.13	HOLD
NILE	Retail (Specialty)	LONG	37.58	-3.14	HOLD
NR	Oil Well Services and Equipment	LONG	7.78	-1.39	HOLD
NVS	Major Drugs	SHORT	63.07	0.00	HOLD
OMX		LONG	9.41	-2.79	HOLD
SLV	Misc. Financial Services	SHORT	29.01	0.24	HOLD
SONC	Restaurants	LONG	10.16	-1.50	HOLD
STRA	Schools	LONG	57.60	-0.10	HOLD
TCB	Regional Banks	SHORT	12.16	-0.90	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.25	0.43	HOLD
TKC	Communications Services	SHORT	15.66	-0.32	HOLD
USB	Regional Banks	SHORT	32.26	-0.15	HOLD
USNA	Conglomerates	LONG	30.92	-4.83	HOLD
USTR	Office Supplies	LONG	30.47	-2.09	HOLD
V	Consumer Financial Services	SHORT	149.76	-0.94	HOLD
VALE	Metal Mining	SHORT	20.42	1.47	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WGL	Natural Gas Utilities	LONG	39.07	-1.39	HOLD
XTXI	Oil Well Services and Equipment	LONG	13.99	-0.71	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.90
SHORTS				-0.23
TOTAL				-0.68
S&P 500				-0.42
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-35.95	5.26	-39.77	-4.13	-0.55
S&P 500	10.95	5.23	-18.60	1.12	0.32