15-Mar-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	22.04	1.19	HOLD
AIRM	Misc. Transportation	LONG	48.95	-1.31	HOLD
ANDE	Crops	LONG	50.94	0.28	HOLD
BAC	SandLs/Savings Banks	SHORT	12.57	3.80	HOLD
BAS	Oil Well Services and Equipment	LONG	15.35	5.94	HOLD
BBT	Regional Banks	SHORT	30.98	-2.36	HOLD
BCO	Business Services	LONG	28.12	-0.07	HOLD
BLT	Metal Mining	LONG	14.09	0.93	BUY
BLX	Regional Banks	SHORT	25.27	0.00	HOLD
BPOP	Regional Banks	SHORT	28.03	-0.43	HOLD
C	Money Center Banks	SHORT	47.26	-0.42	HOLD
CALM	Fish/Livestock	LONG	42.26	-0.70	HOLD
CEC	Restaurants	LONG	32.19	0.34	HOLD
CEF	Misc. Financial Services	SHORT	19.50	-0.10	HOLD
CENTA	Personal and Household Prods.	LONG	9.02	-0.66	SELL
CLR	Oil and Gas Operations	SHORT	92.70	0.44	SHORT
DUK	Electric Utilities	SHORT	69.95	0.03	HOLD
ESI	Schools	LONG	12.84	0.39	HOLD
FRED	Retail (Department and Discount)	LONG	14.04	-0.71	HOLD
GBX	Railroads	LONG	21.47	0.05	HOLD
HBC	Regional Banks	SHORT	54.51	-2.15	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.73	-0.24	COVER
IMKTA	Retail (Grocery)	LONG	21.15	0.24	HOLD
ISBC	SandLs/Savings Banks	SHORT	18.15	0.44	HOLD
JBT	Misc. Capital Goods	LONG	21.21	1.58	HOLD
KMR	Oil Well Services and Equipment	SHORT	81.73	-0.11	HOLD
KRNY	SandLs/Savings Banks	SHORT	10.32	-0.19	HOLD
LAD	Retail (Specialty)	LONG	46.03	0.04	HOLD
LINE	Oil and Gas Operations	SHORT	37.85	-0.94	HOLD
MT	Iron and Steel	SHORT	14.81	-1.33	HOLD
MYE	Fabricated Plastic and Rubber	LONG	15.05	0.33	BUY
NILE	Retail (Specialty)	LONG	34.81	-2.19	HOLD
NJR	Natural Gas Utilities	LONG	44.64	0.31	HOLD
NR	Oil Well Services and Equipment	LONG	9.48	-1.04	HOLD
NVS	Major Drugs	SHORT	69.89	1.36	HOLD
OMX	Office Supplies	LONG	11.77	-0.59	HOLD
PBR	Oil and Gas - Integrated	SHORT	17.81	2.36	SHORT
SAFM	Food Processing	LONG	54.24	0.52	HOLD
SLV	Misc. Financial Services	SHORT	27.80	-0.00	HOLD
SPTN	Retail (Grocery)	LONG	17.99	0.22	HOLD
STM	Semiconductors	SHORT	7.64	-0.65	HOLD
STRA	Schools	LONG	51.94	0.04	HOLD
TFSL	SandLs/Savings Banks	SHORT	10.79	-1.01	HOLD
TKC	Communications Services	SHORT	16.68	-1.01	HOLD
USB	Regional Banks	SHORT	34.22	0.47	HOLD
USTR	Office Supplies	LONG	37.68	-0.11	HOLD
VALE	Metal Mining	SHORT	17.55	-0.28	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.12
SHORTS				-0.18
TOTAL				0.30
S&P 500				-0.13
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	5159084433683.54	2175668629605.24	-17.59	0.00	1038466.42
S&P 500	22.84	4.83	-18.61	2.20	0.57

15-Mar-2013 Daily positions

Pre Opening Longs: AIRM, ANDE, BAS, BCO, CALM, CEC, CENTA, ESI, FRED, GBX,
IMKTA, JBT, LAD, NILE, NJR, NR, OMX, SAFM, SPTN, STRA, USTR
Pre Opening Shorts: AB, BAC, BBT, BLX, BPOP, C, CEF, DUK, HBC, HCBK, ISBC,
KMR, KRNY, LINE, MT, NVS, SLV, STM, TFSL, TKC, USB, VALE

14-Mar-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	21.78	-2.81	HOLD
AIRM	Misc. Transportation	LONG	49.60	0.85	HOLD
ANDE	Crops	LONG	50.80	1.70	HOLD
BAC	SandLs/Savings Banks	SHORT	12.11	0.41	HOLD
BAS	Oil Well Services and Equipment	LONG	14.49	3.21	HOLD
BBT	Regional Banks	SHORT	31.73	0.51	HOLD
BCO	Business Services	LONG	28.14	2.74	HOLD
BLX	Regional Banks	SHORT	25.27	1.61	HOLD
BPOP	Regional Banks	SHORT	28.15	0.93	HOLD
C	Money Center Banks	SHORT	47.46	1.04	HOLD
CALM	Fish/Livestock	LONG	42.56	1.79	HOLD
CEC	Restaurants	LONG	32.08	0.94	HOLD
CEF	Misc. Financial Services	SHORT	19.52	-0.41	HOLD
CENTA	Personal and Household Prods.	LONG	9.08	0.89	HOLD
DUK	Electric Utilities	SHORT	69.93	0.03	HOLD
ESI	Schools	LONG	12.79	0.47	HOLD
FRED	Retail (Department and Discount)	LONG	14.14	1.14	HOLD
GBX	Railroads	LONG	21.46	-0.92	HOLD
HBC	Regional Banks	SHORT	55.71	2.75	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.75	0.52	HOLD
IMKTA	Retail (Grocery)	LONG	21.10	0.67	HOLD
ISBC	SandLs/Savings Banks	SHORT	18.07	0.78	HOLD
JBT	Misc. Capital Goods	LONG	20.88	0.77	HOLD
KMR	Oil Well Services and Equipment	SHORT	81.82	0.11	HOLD
KRNY	SandLs/Savings Banks	SHORT	10.34	0.78	HOLD
LAD	Retail (Specialty)	LONG	46.01	1.61	HOLD
LINE	Oil and Gas Operations	SHORT	38.21	0.18	HOLD
MT	Iron and Steel	SHORT	15.01	3.09	HOLD
NILE	Retail (Specialty)	LONG	35.59	2.65	HOLD
NJR	Natural Gas Utilities	LONG	44.50	0.27	HOLD
NR	Oil Well Services and Equipment	LONG	9.58	3.46	HOLD
NVS	Major Drugs	SHORT	68.95	0.51	HOLD
OMX	Office Supplies	LONG	11.84	-0.75	HOLD
SAFM	Food Processing	LONG	53.96	0.00	HOLD
SLV	Misc. Financial Services	SHORT	27.80	-0.50	HOLD
SPTN	Retail (Grocery)	LONG	17.95	0.84	HOLD
STM	Semiconductors	SHORT	7.69	1.18	HOLD
STRA	Schools	LONG	51.92	0.41	HOLD
TFSL	SandLs/Savings Banks	SHORT	10.90	1.58	HOLD
TKC	Communications Services	SHORT	16.85	1.26	HOLD
USB	Regional Banks	SHORT	34.06	-0.47	HOLD
USTR	Office Supplies	LONG	37.72	0.88	HOLD
VALE	Metal Mining	SHORT	17.60	-1.12	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.13
SHORTS				0.54
TOTAL				0.58
S&P 500				0.53
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-25.59	7.36	-38.98	-1.84	-0.35
S&P 500	23.55	4.81	-18.61	2.28	0.59

13-Mar-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	22.41	2.99	HOLD
AIRM	Misc. Transportation	LONG	49.18	0.63	HOLD
ANDE	Crops	LONG	49.95	0.44	HOLD
BAC	SandLs/Savings Banks	SHORT	12.06	0.42	HOLD
BAS	Oil Well Services and Equipment	LONG	14.04	-2.16	HOLD
BBT	Regional Banks	SHORT	31.57	0.64	HOLD
BCO	Business Services	LONG	27.39	0.55	HOLD
BLX	Regional Banks	SHORT	24.87	0.61	HOLD
BPOP	Regional Banks	SHORT	27.89	0.25	HOLD
C	Money Center Banks	SHORT	46.97	0.04	HOLD
CALM	Fish/Livestock	LONG	41.81	1.48	HOLD
CEC	Restaurants	LONG	31.78	0.16	HOLD
CEF	Misc. Financial Services	SHORT	19.60	-0.81	HOLD
CENTA	Personal and Household Prods.	LONG	9.00	0.45	HOLD
DUK	Electric Utilities	SHORT	69.91	0.53	HOLD
ESI	Schools	LONG	12.73	-3.63	HOLD
FRED	Retail (Department and Discount)	LONG	13.98	3.25	HOLD
GBX	Railroads	LONG	21.66	0.09	HOLD
HBC	Regional Banks	SHORT	54.22	-0.20	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.70	0.06	HOLD
IMKTA	Retail (Grocery)	LONG	20.96	1.11	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.93	0.90	HOLD
JBT	Misc. Capital Goods	LONG	20.72	1.57	HOLD
KMR	Oil Well Services and Equipment	SHORT	81.73	-0.30	HOLD
KRNY	SandLs/Savings Banks	SHORT	10.26	0.10	HOLD
LAD	Retail (Specialty)	LONG	45.28	0.47	HOLD
LINE	Oil and Gas Operations	SHORT	38.14	0.55	HOLD
MT	Iron and Steel	SHORT	14.56	-2.48	HOLD
NILE	Retail (Specialty)	LONG	34.67	0.00	HOLD
NJR	Natural Gas Utilities	LONG	44.38	-0.38	HOLD
NR	Oil Well Services and Equipment	LONG	9.26	0.00	HOLD
NVS	Major Drugs	SHORT	68.60	-1.34	HOLD
OMX	Office Supplies	LONG	11.93	0.68	HOLD
SAFM	Food Processing	LONG	53.96	0.71	HOLD
SLV	Misc. Financial Services	SHORT	27.95	-0.89	HOLD
SPTN	Retail (Grocery)	LONG	17.80	0.79	HOLD
STM	Semiconductors	SHORT	7.60	-0.65	HOLD
STRA	Schools	LONG	51.71	1.63	HOLD
TFSL	SandLs/Savings Banks	SHORT	10.73	-0.28	HOLD
TKC	Communications Services	SHORT	16.64	0.18	HOLD
USB	Regional Banks	SHORT	34.22	-0.35	HOLD
USTR	Office Supplies	LONG	37.39	0.89	HOLD
VALE	Metal Mining	SHORT	17.80	-4.35	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.42
SHORTS				-0.20
TOTAL				0.61
S&P 500				0.14
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-26.02	7.27	-38.98	-1.90	-0.35
S&P 500	22.90	4.81	-18.61	2.22	0.58

13-Mar-2013 Daily positions

Pre Opening Longs: AIRM, ANDE, BAS, BCO, CALM, CEC, CENTA, ESI, FRED, GBX,
IMKTA, JBT, LAD, NILE, NJR, NR, OMX, SAFM, SPTN, STRA, USTR
Pre Opening Shorts: AB, BAC, BBT, BLX, BPOP, C, CEF, DUK, HBC, HCBK, ISBC,
KMR, KRNY, LINE, MT, NVS, SLV, STM, TFSL, TKC, USB, VALE

12-Mar-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	21.76	-3.03	HOLD
AIRM	Misc. Transportation	LONG	48.87	-0.87	HOLD
ANDE	Crops	LONG	49.73	0.14	HOLD
BAC	SandLs/Savings Banks	SHORT	12.01	-1.15	HOLD
BAS	Oil Well Services and Equipment	LONG	14.35	0.70	HOLD
BBT	Regional Banks	SHORT	31.37	-1.29	HOLD
BCO	Business Services	LONG	27.24	0.44	HOLD
BLX	Regional Banks	SHORT	24.72	-0.24	HOLD
BPOP	Regional Banks	SHORT	27.82	1.57	HOLD
C	Money Center Banks	SHORT	46.95	-1.37	HOLD
CALM	Fish/Livestock	LONG	41.20	-0.02	HOLD
CEC	Restaurants	LONG	31.73	-0.31	HOLD
CEF	Misc. Financial Services	SHORT	19.76	0.76	HOLD
CENTA	Personal and Household Prods.	LONG	8.96	0.00	HOLD
DUK	Electric Utilities	SHORT	69.54	-0.36	HOLD
ESI	Schools	LONG	13.21	2.80	HOLD
FRED	Retail (Department and Discount)	LONG	13.54	-0.81	HOLD
GBX	Railroads	LONG	21.64	1.36	HOLD
HBC	Regional Banks	SHORT	54.33	-0.89	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.70	-0.23	HOLD
IMKTA	Retail (Grocery)	LONG	20.73	0.05	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.77	-0.45	HOLD
JBT	Misc. Capital Goods	LONG	20.40	-0.78	HOLD
KMR	Oil Well Services and Equipment	SHORT	81.98	0.02	HOLD
KRNY	SandLs/Savings Banks	SHORT	10.25	0.10	HOLD
LAD	Retail (Specialty)	LONG	45.07	0.54	HOLD
LINE	Oil and Gas Operations	SHORT	37.93	-0.47	HOLD
MT	Iron and Steel	SHORT	14.93	0.27	HOLD
NILE	Retail (Specialty)	LONG	34.67	-2.58	HOLD
NJR	Natural Gas Utilities	LONG	44.95	-0.71	HOLD
NR	Oil Well Services and Equipment	LONG	9.26	0.11	HOLD
NVS	Major Drugs	SHORT	69.53	0.78	HOLD
OMX	Office Supplies	LONG	11.85	-1.90	HOLD
SAFM	Food Processing	LONG	53.58	-0.24	HOLD
SLV	Misc. Financial Services	SHORT	28.21	0.68	HOLD
SPTN	Retail (Grocery)	LONG	17.66	1.85	HOLD
STM	Semiconductors	SHORT	7.65	-4.02	HOLD
STRA	Schools	LONG	50.88	-0.95	HOLD
TFSL	SandLs/Savings Banks	SHORT	10.76	0.19	HOLD
TKC	Communications Services	SHORT	16.61	3.04	HOLD
USB	Regional Banks	SHORT	34.34	-0.20	HOLD
USTR	Office Supplies	LONG	37.20	-0.21	HOLD
VALE	Metal Mining	SHORT	18.61	0.11	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.07
SHORTS				-0.28
TOTAL				0.21
S&P 500				-0.22
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-26.27	7.19	-38.83	-1.94	-0.36
S&P 500	22.72	4.81	-18.61	2.21	0.57

12-Mar-2013 Daily positions

Pre Opening Longs: AIRM, ANDE, BAS, BCO, CALM, CEC, CENTA, ESI, FRED, GBX,
IMKTA, JBT, LAD, NILE, NJR, NR, OMX, SAFM, SPTN, STRA, USTR
Pre Opening Shorts: AB, BAC, BBT, BLX, BPOP, C, CEF, DUK, HBC, HCBK, ISBC,
KMR, KRNY, LINE, MT, NVS, SLV, STM, TFSL, TKC, USB, VALE

11-Mar-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	22.44	0.40	HOLD
AIRM	Misc. Transportation	LONG	49.30	1.09	HOLD
ANDE	Crops	LONG	49.66	0.73	HOLD
BAC	SandLs/Savings Banks	SHORT	12.15	0.66	HOLD
BAS	Oil Well Services and Equipment	LONG	14.25	0.28	HOLD
BBT	Regional Banks	SHORT	31.78	1.21	HOLD
BCO	Business Services	LONG	27.12	-0.11	HOLD
BLX	Regional Banks	SHORT	24.78	0.28	HOLD
BPOP	Regional Banks	SHORT	27.39	-1.33	HOLD
C	Money Center Banks	SHORT	47.60	1.97	HOLD
CALM	Fish/Livestock	LONG	41.21	-0.43	HOLD
CEC	Restaurants	LONG	31.83	-0.38	HOLD
CEF	Misc. Financial Services	SHORT	19.61	0.20	HOLD
CENTA	Personal and Household Prods.	LONG	8.96	-1.54	HOLD
DUK	Electric Utilities	SHORT	69.79	0.22	HOLD
ESI	Schools	LONG	12.85	2.07	HOLD
FRED	Retail (Department and Discount)	LONG	13.65	-0.51	HOLD
GBX	Railroads	LONG	21.35	0.85	HOLD
HBC	Regional Banks	SHORT	54.82	-0.09	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.72	0.23	HOLD
IMKTA	Retail (Grocery)	LONG	20.72	-0.29	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.85	-0.67	HOLD
JBT	Misc. Capital Goods	LONG	20.56	-1.15	HOLD
KMR	Oil Well Services and Equipment	SHORT	81.96	-0.12	HOLD
KRNY	SandLs/Savings Banks	SHORT	10.24	0.29	HOLD
LAD	Retail (Specialty)	LONG	44.83	-0.42	HOLD
LINE	Oil and Gas Operations	SHORT	38.11	-0.96	HOLD
MT	Iron and Steel	SHORT	14.89	1.15	HOLD
NILE	Retail (Specialty)	LONG	35.59	-0.17	HOLD
NJR	Natural Gas Utilities	LONG	45.27	0.00	HOLD
NR	Oil Well Services and Equipment	LONG	9.25	0.22	HOLD
NVS	Major Drugs	SHORT	68.99	0.45	HOLD
OMX	Office Supplies	LONG	12.07	-0.17	HOLD
SAFM	Food Processing	LONG	53.71	-0.07	HOLD
SLV	Misc. Financial Services	SHORT	28.03	0.09	HOLD
SPTN	Retail (Grocery)	LONG	17.34	-1.59	HOLD
STM	Semiconductors	SHORT	7.97	-0.25	HOLD
STRA	Schools	LONG	51.37	5.94	HOLD
TFSL	SandLs/Savings Banks	SHORT	10.74	0.47	HOLD
TKC	Communications Services	SHORT	16.12	-0.12	HOLD
USB	Regional Banks	SHORT	34.41	0.53	HOLD
USTR	Office Supplies	LONG	37.28	-0.35	HOLD
VALE	Metal Mining	SHORT	18.59	-0.21	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.19
SHORTS				0.20
TOTAL				-0.01
S&P 500				0.37
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-26.43	7.16	-38.83	-1.97	-0.36
S&P 500	22.98	4.80	-18.61	2.25	0.58

11-Mar-2013 Daily positions

Pre Opening Longs: AIRM, ANDE, BAS, BCO, CALM, CEC, CENTA, ESI, FRED, GBX,
IMKTA, JBT, LAD, NILE, NJR, NR, OMX, SAFM, SPTN, STRA, USTR
Pre Opening Shorts: AB, BAC, BBT, BLX, BPOP, C, CEF, DUK, HBC, HCBK, ISBC,
KMR, KRNY, LINE, MT, NVS, SLV, STM, TFSL, TKC, USB, VALE