02-Nov-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	40.00	-3.03	HOLD
BAC	SandLs/Savings Banks	SHORT	9.85	1.13	HOLD
BAS	Oil Well Services and Equipment	LONG	10.14	-3.43	HOLD
BBT	Regional Banks	SHORT	29.42	0.38	HOLD
BOKF	Regional Banks	SHORT	58.74	-1.08	HOLD
BX	Investment Services	SHORT	15.34	-1.60	HOLD
CEC	Restaurants	LONG	32.60	3.20	HOLD
CEF	Misc. Financial Services	SHORT	21.72	-1.45	HOLD
CET	Misc. Financial Services	SHORT	20.11	-0.72	HOLD
CORE	Retail (Grocery)	LONG	47.46	-1.94	HOLD
CPLA	Schools	LONG	31.09	-1.46	HOLD
CSE	Regional Banks	SHORT	7.91	-1.00	HOLD
DUK	Electric Utilities	SHORT	64.94	-0.57	HOLD
ESI	Schools	LONG	20.20	-4.54	HOLD
EVV	Misc. Financial Services	SHORT	17.26	0.29	HOLD
FCNCA	Regional Banks	SHORT	169.23	-0.26	HOLD
FRED	Retail (Department and Discount)	LONG	13.89	-0.01	HOLD
GBX	Railroads	LONG	13.89	-4.14	HOLD
HBC	Regional Banks	SHORT	49.90	-0.89	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.57	-0.58	HOLD
IAU	Misc. Financial Services	SHORT	16.33	-2.10	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.43	-1.30	HOLD
JBT	Misc. Capital Goods	LONG	15.41	-1.97	HOLD
JPM	Money Center Banks	SHORT	42.42	-0.98	HOLD
KELYA	Business Services	LONG	13.70	0.88	HOLD
KMR	Oil Well Services and Equipment	SHORT	75.52	-0.64	HOLD
KOP	Chemical Manufacturing	LONG	35.47	-2.88	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.10	-3.70	HOLD
LAD	Retail (Specialty)	LONG	34.48	-1.29	HOLD
NJR	Natural Gas Utilities	LONG	43.60	-1.67	HOLD
NLY	Misc. Financial Services	SHORT	15.93	-0.50	HOLD
NP	Paper and Paper Products	LONG	25.59	-3.98	HOLD
NR	Oil Well Services and Equipment	LONG	7.07	1.87	HOLD
OMX		LONG	7.51	-1.57	HOLD
RUSHA	Retail (Specialty)	LONG	19.66	-1.70	HOLD
SONC	Restaurants	LONG	9.98	-1.38	HOLD
STI	Regional Banks	SHORT	27.14	-1.45	HOLD
STRA	Schools	LONG	57.83	-1.60	HOLD
TEN	Auto and Truck Parts	LONG	31.24	-0.10	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.74	-1.37	HOLD
TKC	Communications Services	SHORT	15.19	0.86	HOLD
USB	Regional Banks	SHORT	33.43	-0.68	HOLD
USTR	Office Supplies	LONG	28.68	-2.75	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WFC	Regional Banks	SHORT	33.74	-0.94	HOLD
XTXI	Oil Well Services and Equipment	LONG	13.36	-2.78	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.58
SHORTS				-0.83
TOTAL				-0.74
S&P 500				-0.89
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-38.17	5.14	-39.30	-4.85	-0.63
S&P 500	10.80	5.28	-18.60	1.20	0.34

02-Nov-2012 Daily positions

Pre Opening Longs: ANDE, BAS, CEC, CORE, CPLA, ESI, FRED, GBX, JBT, KELYA,
KOP, LAD, NJR, NP, NR, OMX, RUSHA, SONC, STRA, TEN, USTR, VQ, XTXI
Pre Opening Shorts: BAC, BBT, BOKF, BX, CEF, CET, CSE, DUK, EVV, FCNCA,
HBC, HCBK, IAU, ISBC, JPM, KMR, KRNY, NLY, STI, TFSL, TKC, USB, WFC

01-Nov-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	41.25	5.02	HOLD
BAC	SandLs/Savings Banks	SHORT	9.74	4.51	HOLD
BAS	Oil Well Services and Equipment	LONG	10.50	1.06	HOLD
BBT	Regional Banks	SHORT	29.31	1.24	HOLD
BOKF	Regional Banks	SHORT	59.38	1.24	HOLD
BX	Investment Services	SHORT	15.59	1.50	HOLD
CEC	Restaurants	LONG	31.59	1.90	HOLD
CEF	Misc. Financial Services	SHORT	22.04	-0.27	HOLD
CET	Misc. Financial Services	SHORT	20.23	1.10	HOLD
CORE	Retail (Grocery)	LONG	48.40	1.11	HOLD
CPLA	Schools	LONG	31.55	1.06	HOLD
CSE	Regional Banks	SHORT	7.99	1.01	HOLD
DUK	Electric Utilities	SHORT	65.31	-0.58	HOLD
ESI	Schools	LONG	21.16	-1.54	HOLD
EVV	Misc. Financial Services	SHORT	17.21	1.12	HOLD
FCNCA	Regional Banks	SHORT	169.67	0.55	HOLD
FRED	Retail (Department and Discount)	LONG	13.89	2.51	HOLD
GBX	Railroads	LONG	14.49	-16.77	HOLD
HBC	Regional Banks	SHORT	50.35	2.01	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.62	1.59	HOLD
IAU	Misc. Financial Services	SHORT	16.68	-0.48	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.66	-1.83	HOLD
JBT	Misc. Capital Goods	LONG	15.72	1.95	HOLD
JPM	Money Center Banks	SHORT	42.84	2.78	HOLD
KELYA	Business Services	LONG	13.58	2.18	HOLD
KMR	Oil Well Services and Equipment	SHORT	75.94	1.69	HOLD
KOP	Chemical Manufacturing	LONG	36.52	2.30	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.45	0.00	HOLD
LAD	Retail (Specialty)	LONG	34.93	2.13	HOLD
NJR	Natural Gas Utilities	LONG	44.34	-0.27	HOLD
NLY	Misc. Financial Services	SHORT	16.01	-0.81	HOLD
NP	Paper and Paper Products	LONG	26.65	2.90	HOLD
NR	Oil Well Services and Equipment	LONG	6.94	2.21	HOLD
OMX		LONG	7.63	3.81	HOLD
RUSHA	Retail (Specialty)	LONG	20.00	5.26	HOLD
SONC	Restaurants	LONG	10.12	1.50	HOLD
STI	Regional Banks	SHORT	27.54	1.25	HOLD
STRA	Schools	LONG	58.77	2.53	HOLD
TEN	Auto and Truck Parts	LONG	31.27	2.36	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.86	-1.01	HOLD
TKC	Communications Services	SHORT	15.06	-0.86	HOLD
USB	Regional Banks	SHORT	33.66	1.36	HOLD
USTR	Office Supplies	LONG	29.49	1.62	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WFC	Regional Banks	SHORT	34.06	1.10	HOLD
XTXI	Oil Well Services and Equipment	LONG	13.74	0.45	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.10
SHORTS				0.79
TOTAL				0.31
S&P 500				1.05
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-37.70	5.16	-39.30	-4.78	-0.63
S&P 500	11.80	5.20	-18.60	1.33	0.37

01-Nov-2012 Daily positions

Pre Opening Longs: ANDE, BAS, CEC, CORE, CPLA, ESI, FRED, GBX, JBT, KELYA,
KOP, LAD, NJR, NP, NR, OMX, RUSHA, SONC, STRA, TEN, USTR, VQ, XTXI
Pre Opening Shorts: BAC, BBT, BOKF, BX, CEF, CET, CSE, DUK, EVV, FCNCA,
HBC, HCBK, IAU, ISBC, JPM, KMR, KRNY, NLY, STI, TFSL, TKC, USB, WFC

31-Oct-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	39.28	4.22	HOLD
BAC	SandLs/Savings Banks	SHORT	9.32	2.19	HOLD
BAS	Oil Well Services and Equipment	LONG	10.40	-0.38	HOLD
BBT	Regional Banks	SHORT	28.96	-0.17	HOLD
BOKF	Regional Banks	SHORT	58.65	1.14	HOLD
BX	Investment Services	SHORT	15.29	-0.39	HOLD
CEC	Restaurants	LONG	30.94	0.32	HOLD
CEF	Misc. Financial Services	SHORT	22.10	-0.41	HOLD
CET	Misc. Financial Services	SHORT	20.01	0.05	HOLD
CORE	Retail (Grocery)	LONG	47.87	0.44	HOLD
CPLA	Schools	LONG	31.22	-1.64	HOLD
CSE	Regional Banks	SHORT	7.91	2.33	HOLD
DUK	Electric Utilities	SHORT	65.69	0.89	HOLD
ESI	Schools	LONG	21.52	0.14	HOLD
EVV	Misc. Financial Services	SHORT	17.02	-0.99	HOLD
FCNCA	Regional Banks	SHORT	168.75	1.13	HOLD
FRED	Retail (Department and Discount)	LONG	13.55	0.22	HOLD
GBX	Railroads	LONG	17.41	1.63	HOLD
HBC	Regional Banks	SHORT	49.37	0.18	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.48	-1.57	HOLD
IAU	Misc. Financial Services	SHORT	16.76	0.54	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.99	3.51	HOLD
JBT	Misc. Capital Goods	LONG	15.20	0.00	HOLD
JPM	Money Center Banks	SHORT	41.68	1.26	HOLD
KELYA	Business Services	LONG	13.29	1.22	HOLD
KMR	Oil Well Services and Equipment	SHORT	74.70	-2.80	HOLD
KOP	Chemical Manufacturing	LONG	35.76	0.08	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.45	2.16	HOLD
LAD	Retail (Specialty)	LONG	34.20	0.74	HOLD
NJR	Natural Gas Utilities	LONG	44.46	-0.31	HOLD
NLY	Misc. Financial Services	SHORT	16.14	2.15	HOLD
NP	Paper and Paper Products	LONG	25.90	-0.84	HOLD
NR	Oil Well Services and Equipment	LONG	6.79	1.19	HOLD
OMX	Office Supplies	LONG	7.36	0.14	HOLD
RUSHA	Retail (Specialty)	LONG	19.00	2.54	HOLD
SONC	Restaurants	LONG	9.97	-0.60	HOLD
STI	Regional Banks	SHORT	27.20	0.37	HOLD
STRA	Schools	LONG	57.32	-0.76	HOLD
TEN	Auto and Truck Parts	LONG	30.58	1.36	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.95	0.00	HOLD
TKC	Communications Services	SHORT	15.18	1.61	HOLD
USB	Regional Banks	SHORT	33.23	0.24	HOLD
USTR	Office Supplies	LONG	29.02	1.58	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WFC	Regional Banks	SHORT	33.69	-0.82	HOLD
XTXI	Oil Well Services and Equipment	LONG	13.68	-1.66	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.42
SHORTS				0.55
TOTAL				-0.13
S&P 500				0.00
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-37.90	5.15	-39.30	-4.82	-0.63
S&P 500	10.64	5.29	-18.60	1.18	0.34

31-Oct-2012 Daily positions

Pre Opening Longs: ANDE, BAS, CEC, CORE, CPLA, ESI, FRED, GBX, JBT, KELYA,
KOP, LAD, NJR, NP, NR, OMX, RUSHA, SONC, STRA, TEN, USTR, VQ, XTXI
Pre Opening Shorts: BAC, BBT, BOKF, BX, CEF, CET, CSE, DUK, EVV, FCNCA,
HBC, HCBK, IAU, ISBC, JPM, KMR, KRNY, NLY, STI, TFSL, TKC, USB, WFC

30-Oct-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	37.69	0.00	HOLD
BAC	SandLs/Savings Banks	SHORT	9.12	0.00	HOLD
BAS	Oil Well Services and Equipment	LONG	10.44	0.00	HOLD
BBT	Regional Banks	SHORT	29.01	0.00	HOLD
BOKF	Regional Banks	SHORT	57.99	0.00	HOLD
BX	Investment Services	SHORT	15.35	0.00	HOLD
CEC	Restaurants	LONG	30.84	0.00	HOLD
CEF	Misc. Financial Services	SHORT	22.19	0.00	HOLD
CET	Misc. Financial Services	SHORT	20.00	0.00	HOLD
CORE	Retail (Grocery)	LONG	47.66	0.00	HOLD
CPLA	Schools	LONG	31.74	0.00	HOLD
CSE	Regional Banks	SHORT	7.73	0.00	HOLD
DUK	Electric Utilities	SHORT	65.11	0.00	HOLD
ESI	Schools	LONG	21.49	0.00	HOLD
EVV	Misc. Financial Services	SHORT	17.19	0.00	HOLD
FCNCA	Regional Banks	SHORT	166.86	0.00	HOLD
FRED	Retail (Department and Discount)	LONG	13.52	0.00	HOLD
GBX	Railroads	LONG	17.13	0.00	HOLD
HBC	Regional Banks	SHORT	49.28	0.00	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.62	0.00	HOLD
IAU	Misc. Financial Services	SHORT	16.67	0.00	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.38	0.00	HOLD
JBT	Misc. Capital Goods	LONG	15.20	0.00	HOLD
JPM	Money Center Banks	SHORT	41.16	0.00	HOLD
KELYA	Business Services	LONG	13.13	0.00	HOLD
KMR	Oil Well Services and Equipment	SHORT	76.85	0.00	HOLD
KOP	Chemical Manufacturing	LONG	35.73	0.00	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.25	0.00	HOLD
LAD	Retail (Specialty)	LONG	33.95	0.00	HOLD
NJR	Natural Gas Utilities	LONG	44.60	0.00	HOLD
NLY	Misc. Financial Services	SHORT	15.80	0.00	HOLD
NP	Paper and Paper Products	LONG	26.12	0.00	HOLD
NR	Oil Well Services and Equipment	LONG	6.71	0.00	HOLD
OMX	Office Supplies	LONG	7.35	0.00	HOLD
RUSHA	Retail (Specialty)	LONG	18.53	0.00	HOLD
SONC	Restaurants	LONG	10.03	0.00	HOLD
STI	Regional Banks	SHORT	27.10	0.00	HOLD
STRA	Schools	LONG	57.76	0.00	HOLD
TEN	Auto and Truck Parts	LONG	30.17	0.00	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.95	0.00	HOLD
TKC	Communications Services	SHORT	14.94	0.00	HOLD
USB	Regional Banks	SHORT	33.15	0.00	HOLD
USTR	Office Supplies	LONG	28.57	0.00	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WFC	Regional Banks	SHORT	33.97	0.00	HOLD
XTXI	Oil Well Services and Equipment	LONG	14.03	0.00	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.00
SHORTS				0.00
TOTAL				0.00
S&P 500				0.00
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-37.80	5.16	-39.30	-4.81	-0.63
S&P 500	10.64	5.29	-18.60	1.18	0.34

30-Oct-2012 Daily positions

Pre Opening Longs: ANDE, BAS, CEC, CORE, CPLA, ESI, FRED, GBX, JBT, KELYA,
KOP, LAD, NJR, NP, NR, OMX, RUSHA, SONC, STRA, TEN, USTR, VQ, XTXI
Pre Opening Shorts: BAC, BBT, BOKF, BX, CEF, CET, CSE, DUK, EVV, FCNCA,
HBC, HCBK, IAU, ISBC, JPM, KMR, KRNY, NLY, STI, TFSL, TKC, USB, WFC

29-Oct-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	37.69	0.00	HOLD
BAC	SandLs/Savings Banks	SHORT	9.12	0.00	HOLD
BAS	Oil Well Services and Equipment	LONG	10.44	0.00	HOLD
BBT	Regional Banks	SHORT	29.01	0.00	HOLD
BOKF	Regional Banks	SHORT	57.99	0.00	HOLD
BX	Investment Services	SHORT	15.35	0.00	HOLD
CEC	Restaurants	LONG	30.84	0.00	HOLD
CEF	Misc. Financial Services	SHORT	22.19	0.00	HOLD
CET	Misc. Financial Services	SHORT	20.00	0.00	HOLD
CORE	Retail (Grocery)	LONG	47.66	0.00	HOLD
CPLA	Schools	LONG	31.74	0.00	HOLD
CSE	Regional Banks	SHORT	7.73	0.00	HOLD
DUK	Electric Utilities	SHORT	65.11	0.00	HOLD
ESI	Schools	LONG	21.49	0.00	HOLD
EVV	Misc. Financial Services	SHORT	17.19	0.00	HOLD
FCNCA	Regional Banks	SHORT	166.86	0.00	HOLD
FRED	Retail (Department and Discount)	LONG	13.52	0.00	HOLD
GBX	Railroads	LONG	17.13	0.00	HOLD
HBC	Regional Banks	SHORT	49.28	0.00	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.62	0.00	HOLD
IAU	Misc. Financial Services	SHORT	16.67	0.00	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.38	0.00	HOLD
JBT	Misc. Capital Goods	LONG	15.20	0.00	HOLD
JPM	Money Center Banks	SHORT	41.16	0.00	HOLD
KELYA	Business Services	LONG	13.13	0.00	HOLD
KMR	Oil Well Services and Equipment	SHORT	76.85	0.00	HOLD
KOP	Chemical Manufacturing	LONG	35.73	0.00	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.25	0.00	HOLD
LAD	Retail (Specialty)	LONG	33.95	0.00	HOLD
NJR	Natural Gas Utilities	LONG	44.60	0.00	HOLD
NLY	Misc. Financial Services	SHORT	15.80	0.00	HOLD
NP	Paper and Paper Products	LONG	26.12	0.00	HOLD
NR	Oil Well Services and Equipment	LONG	6.71	0.00	HOLD
OMX	Office Supplies	LONG	7.35	0.00	HOLD
RUSHA	Retail (Specialty)	LONG	18.53	0.00	HOLD
SONC	Restaurants	LONG	10.03	0.00	HOLD
STI	Regional Banks	SHORT	27.10	0.00	HOLD
STRA	Schools	LONG	57.76	0.00	HOLD
TEN	Auto and Truck Parts	LONG	30.17	0.00	HOLD
TFSL	SandLs/Savings Banks	SHORT	8.95	0.00	HOLD
TKC	Communications Services	SHORT	14.94	0.00	HOLD
USB	Regional Banks	SHORT	33.15	0.00	HOLD
USTR	Office Supplies	LONG	28.57	0.00	HOLD
VQ	Oil and Gas Operations	LONG	12.49	0.00	HOLD
WFC	Regional Banks	SHORT	33.97	0.00	HOLD
XTXI	Oil Well Services and Equipment	LONG	14.03	0.00	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.00
SHORTS				0.00
TOTAL				0.00
S&P 500				0.00
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-37.80	5.16	-39.30	-4.82	-0.63
S&P 500	10.64	5.30	-18.60	1.19	0.34

29-Oct-2012 Daily positions

Pre Opening Longs: ANDE, BAS, CEC, CORE, CPLA, ESI, FRED, GBX, JBT, KELYA,
KOP, LAD, NJR, NP, NR, OMX, RUSHA, SONC, STRA, TEN, USTR, VQ, XTXI
Pre Opening Shorts: BAC, BBT, BOKF, BX, CEF, CET, CSE, DUK, EVV, FCNCA,
HBC, HCBK, IAU, ISBC, JPM, KMR, KRNY, NLY, STI, TFSL, TKC, USB, WFC