17-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM	Business Services	LONG	23.29	2.15	BUY
AHS	Business Services	LONG	14.22	1.72	HOLD
ATVI		SHORT	14.94	0.54	HOLD
BAC	SandLs/Savings Banks	SHORT	13.43	0.52	HOLD
BAS		LONG	13.92	-2.18	HOLD
BBT	Regional Banks	SHORT	32.55	1.15	HOLD
BCO		LONG	26.98	0.60	HOLD
BHP	Metal Mining	SHORT	67.66	0.99	HOLD
C	Money Center Banks	SHORT	51.45	1.66	HOLD
CEF		SHORT	15.23	-2.75	HOLD
CLR		SHORT	86.68	3.13	HOLD
DEST		LONG	25.28	1.28	HOLD
ESI		LONG	25.75	3.87	HOLD
GBX	Railroads	LONG	24.18	0.75	HOLD
GLP		LONG	37.30	1.08	HOLD
GPI	Retail (Specialty)	LONG	63.69	1.03	HOLD
HBC		SHORT	57.77	1.10	HOLD
HOTT		LONG	13.95	0.00	HOLD
ICFI		LONG	28.87	4.60	HOLD
IMKTA		LONG	21.56	1.03	HOLD
INWK		LONG	10.81	0.19	HOLD
ISBC		SHORT	20.07	0.35	HOLD
JBT		LONG	21.70	1.17	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.22	0.12	HOLD
KOP		LONG	42.64	1.43	HOLD
KRNY		SHORT	10.38	0.29	HOLD
LINE		SHORT	35.13	-0.20	HOLD
MT		SHORT	12.90	3.45	HOLD
MYE		LONG	15.43	0.65	HOLD
NSH		SHORT	30.67	0.79	HOLD
NVS		SHORT	74.15	-1.15	HOLD
O		SHORT	55.09	2.00	HOLD
ONB		SHORT	13.32	2.38	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.73	0.81	HOLD
RJET		LONG	10.96	0.92	HOLD
SAFM		LONG	64.65	-0.09	HOLD
SLV	Misc. Financial Services	SHORT	21.42	-2.41	HOLD
SPTN		LONG	17.17	-0.98	HOLD
STM		SHORT	9.44	2.61	HOLD
STRA		LONG	54.98	5.04	SELL
TECD		LONG	48.73	0.14	HOLD
TFSL		SHORT	11.15	1.00	HOLD
TITN	Construction Services	LONG	22.67	-0.22	HOLD
TKC	Communications Services	SHORT	16.24	0.06	HOLD
USB	Regional Banks	SHORT	34.67	1.05	HOLD
USNA		LONG	65.46	2.03	HOLD
VALE		SHORT	15.61	0.19	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.09
SHORTS				0.74
TOTAL				0.36
S&P 500				0.97
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	3698653668352.20	1515469895495.74	-17.59	0.00	340576.15
S&P 500	32.20	5.05	-18.61	2.66	0.72

17-May-2013 Daily positions

Pre Opening Longs: AHS, BAS, BCO, DEST, ESI, GBX, GLP, GPI, HOTT, ICFI,
IMKTA, INWK, JBT, KOP, MYE, RJET, SAFM, SPTN, STRA, TECD, TITN, USNA
Pre Opening Shorts: ATVI, BAC, BBT, BHP, C, CEF, CLR, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, ONB, PBR, SLV, STM, TFSL, TKC, USB, VALE

16-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AHS	Business Services	LONG	13.98	-1.06	HOLD
ATVI		SHORT	14.86	-0.27	HOLD
BAC	SandLs/Savings Banks	SHORT	13.36	-0.60	HOLD
BAS		LONG	14.23	1.57	HOLD
BBT	Regional Banks	SHORT	32.18	-0.95	HOLD
BCO		LONG	26.82	-0.70	HOLD
BHP	Metal Mining	SHORT	67.00	-0.15	HOLD
C	Money Center Banks	SHORT	50.61	-1.42	HOLD
CEF		SHORT	15.66	0.38	HOLD
CLR		SHORT	84.05	0.06	HOLD
DEST		LONG	24.96	-1.30	HOLD
ESI		LONG	24.79	-0.44	HOLD
GBX	Railroads	LONG	24.00	0.25	HOLD
GLP		LONG	36.90	0.44	HOLD
GPI	Retail (Specialty)	LONG	63.04	-2.02	HOLD
HBC		SHORT	57.14	-0.44	HOLD
HOTT		LONG	13.95	0.00	HOLD
ICFI		LONG	27.60	0.58	HOLD
IMKTA		LONG	21.34	-1.48	HOLD
INWK		LONG	10.79	0.28	HOLD
ISBC		SHORT	20.00	-0.60	HOLD
JBT		LONG	21.46	0.47	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.12	-1.03	HOLD
KOP		LONG	42.08	0.00	HOLD
KRNY		SHORT	10.35	-0.19	HOLD
LINE		SHORT	35.20	-1.54	HOLD
MT		SHORT	12.47	-1.11	HOLD
MYE		LONG	15.33	1.79	HOLD
NSH		SHORT	30.43	-2.00	HOLD
NVS		SHORT	75.01	-0.65	HOLD
O		SHORT	54.01	-0.42	HOLD
ONB		SHORT	13.01	-0.99	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.58	0.16	HOLD
RJET		LONG	10.86	-2.16	HOLD
SAFM		LONG	64.71	-0.42	HOLD
SLV	Misc. Financial Services	SHORT	21.95	0.87	HOLD
SPTN		LONG	17.34	-0.69	HOLD
STM		SHORT	9.20	-0.22	HOLD
STRA		LONG	52.34	1.43	HOLD
TECD		LONG	48.66	-0.63	HOLD
TFSL		SHORT	11.04	-0.09	HOLD
TITN	Construction Services	LONG	22.72	-1.05	HOLD
TKC	Communications Services	SHORT	16.23	1.50	HOLD
USB	Regional Banks	SHORT	34.31	-0.09	HOLD
USNA		LONG	64.16	-0.34	HOLD
VALE		SHORT	15.58	-1.89	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.25
SHORTS				-0.49
TOTAL				0.24
S&P 500				-0.46
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.42	8.37	-39.48	-1.24	-0.26
S&P 500	30.93	5.01	-18.61	2.59	0.70

16-May-2013 Daily positions

Pre Opening Longs: AHS, BAS, BCO, DEST, ESI, GBX, GLP, GPI, HOTT, ICFI,
IMKTA, INWK, JBT, KOP, MYE, RJET, SAFM, SPTN, STRA, TECD, TITN, USNA
Pre Opening Shorts: ATVI, BAC, BBT, BHP, C, CEF, CLR, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, ONB, PBR, SLV, STM, TFSL, TKC, USB, VALE

15-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AHS	Business Services	LONG	14.13	-1.40	HOLD
ANDE		LONG	53.97	0.77	SELL
ATVI		SHORT	14.90	-1.59	HOLD
BAC	SandLs/Savings Banks	SHORT	13.44	0.75	HOLD
BAS		LONG	14.01	-0.14	HOLD
BBT	Regional Banks	SHORT	32.49	0.71	HOLD
BCO		LONG	27.01	0.86	HOLD
BHP	Metal Mining	SHORT	67.10	-1.71	HOLD
C	Money Center Banks	SHORT	51.34	2.50	HOLD
CEC		LONG	38.72	0.70	SELL
CEF		SHORT	15.60	-3.70	HOLD
CLR		SHORT	84.00	-0.15	HOLD
DEST		LONG	25.29	2.22	HOLD
ESI		LONG	24.90	-0.84	HOLD
GBX	Railroads	LONG	23.94	0.25	HOLD
GLP		LONG	36.74	-0.05	HOLD
GPI	Retail (Specialty)	LONG	64.34	-0.29	BUY
HBC		SHORT	57.39	0.58	HOLD
HOTT		LONG	13.95	0.07	HOLD
ICFI		LONG	27.44	-0.04	HOLD
IMKTA		LONG	21.66	-0.09	HOLD
INWK		LONG	10.76	0.28	HOLD
ISBC		SHORT	20.12	0.45	HOLD
JBT		LONG	21.36	1.28	HOLD
KMR	Oil Well Services and Equipment	SHORT	87.02	0.72	HOLD
KOP		LONG	42.08	1.40	HOLD
KRNY		SHORT	10.37	0.97	HOLD
LINE		SHORT	35.75	0.06	HOLD
MT		SHORT	12.61	-1.10	HOLD
MYE		LONG	15.06	-2.84	HOLD
NILE		LONG	31.80	-1.67	SELL
NSH		SHORT	31.05	0.23	HOLD
NVS		SHORT	75.50	1.22	HOLD
O		SHORT	54.24	1.74	HOLD
OMX		LONG	12.04	2.64	SELL
ONB		SHORT	13.14	0.92	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.55	0.00	HOLD
RJET		LONG	11.10	2.21	HOLD
SAFM	Food Processing	LONG	64.98	0.32	BUY
SLV	Misc. Financial Services	SHORT	21.76	-3.59	HOLD
SPTN		LONG	17.46	-1.08	HOLD
STM		SHORT	9.22	1.43	HOLD
STRA		LONG	51.60	3.10	HOLD
TECD		LONG	48.97	1.81	BUY
TFSL		SHORT	11.05	1.38	HOLD
TITN	Construction Services	LONG	22.96	-2.96	HOLD
TKC	Communications Services	SHORT	15.99	0.95	HOLD
USB	Regional Banks	SHORT	34.34	1.33	HOLD
USNA		LONG	64.38	6.20	HOLD
VALE		SHORT	15.88	-2.76	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.47
SHORTS				0.06
TOTAL				0.42
S&P 500				0.53
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.62	8.33	-39.48	-1.26	-0.27
S&P 500	31.53	5.01	-18.61	2.64	0.71

15-May-2013 Daily positions

Pre Opening Longs: AHS, ANDE, BAS, BCO, CEC, DEST, ESI, GBX, GLP, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, NILE, OMX, RJET, SPTN, STRA, TITN, USNA
Pre Opening Shorts: ATVI, BAC, BBT, BHP, C, CEF, CLR, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, ONB, PBR, SLV, STM, TFSL, TKC, USB, VALE

14-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AHS	Business Services	LONG	14.33	3.09	HOLD
ANDE		LONG	53.56	0.56	HOLD
ATVI		SHORT	15.14	3.13	HOLD
BAC	SandLs/Savings Banks	SHORT	13.34	2.77	HOLD
BAS		LONG	14.03	-0.07	HOLD
BBT	Regional Banks	SHORT	32.26	1.64	HOLD
BCO		LONG	26.88	1.20	HOLD
BHP	Metal Mining	SHORT	68.27	-0.12	HOLD
C	Money Center Banks	SHORT	50.09	2.39	HOLD
CEC		LONG	38.45	1.18	HOLD
CEF		SHORT	16.20	-1.16	HOLD
CLR		SHORT	84.13	1.99	HOLD
DEST		LONG	24.74	1.14	HOLD
ESI		LONG	25.11	17.83	HOLD
GBX	Railroads	LONG	23.88	2.75	HOLD
GLP		LONG	36.76	0.35	HOLD
HBC		SHORT	57.06	0.74	HOLD
HOTT		LONG	13.94	0.07	HOLD
ICFI		LONG	27.45	0.22	HOLD
IMKTA		LONG	21.68	0.51	HOLD
INWK		LONG	10.73	5.61	HOLD
ISBC		SHORT	20.03	1.06	HOLD
JBT		LONG	21.09	1.39	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.40	-0.09	HOLD
KOP		LONG	41.50	1.39	HOLD
KRNY		SHORT	10.27	0.98	HOLD
LINE		SHORT	35.73	2.14	HOLD
MT		SHORT	12.75	-1.24	HOLD
MYE		LONG	15.50	1.64	HOLD
NILE		LONG	32.34	0.97	HOLD
NSH		SHORT	30.98	-0.45	HOLD
NVS		SHORT	74.59	-0.08	HOLD
O		SHORT	53.31	0.02	HOLD
OMX		LONG	11.73	2.09	HOLD
ONB		SHORT	13.02	2.44	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.55	-1.54	HOLD
RJET		LONG	10.86	0.74	HOLD
SLV	Misc. Financial Services	SHORT	22.57	-1.14	HOLD
SPTN		LONG	17.65	1.50	HOLD
STM		SHORT	9.09	-0.44	HOLD
STRA		LONG	50.05	2.60	HOLD
TFSL		SHORT	10.90	0.65	HOLD
TITN	Construction Services	LONG	23.66	0.98	HOLD
TKC	Communications Services	SHORT	15.84	2.52	HOLD
USB	Regional Banks	SHORT	33.89	1.16	HOLD
USNA		LONG	60.62	4.18	HOLD
VALE		SHORT	16.33	-2.91	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				2.26
SHORTS				0.60
TOTAL				1.66
S&P 500				1.03
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.93	8.26	-39.48	-1.29	-0.27
S&P 500	30.83	4.98	-18.61	2.61	0.70

14-May-2013 Daily positions

Pre Opening Longs: AHS, ANDE, BAS, BCO, CEC, DEST, ESI, GBX, GLP, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, NILE, OMX, RJET, SPTN, STRA, TITN, USNA
Pre Opening Shorts: ATVI, BAC, BBT, BHP, C, CEF, CLR, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, ONB, PBR, SLV, STM, TFSL, TKC, USB, VALE

13-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AHS	Business Services	LONG	13.90	-1.07	HOLD
ANDE		LONG	53.26	-1.53	HOLD
ATVI		SHORT	14.68	-1.81	HOLD
BAC	SandLs/Savings Banks	SHORT	12.98	-0.31	HOLD
BAS		LONG	14.04	-2.09	HOLD
BBT	Regional Banks	SHORT	31.74	1.05	HOLD
BCO		LONG	26.56	-0.52	HOLD
BHP	Metal Mining	SHORT	68.35	-1.31	HOLD
C	Money Center Banks	SHORT	48.92	0.35	HOLD
CEC		LONG	38.00	0.11	HOLD
CEF		SHORT	16.39	-0.79	HOLD
CLR		SHORT	82.49	0.04	HOLD
DEST		LONG	24.46	-1.21	HOLD
ESI		LONG	21.31	2.85	HOLD
GBX	Railroads	LONG	23.24	0.30	HOLD
GLP		LONG	36.71	0.93	HOLD
HBC		SHORT	56.64	-1.00	HOLD
HOTT		LONG	13.93	0.07	HOLD
ICFI		LONG	27.39	-0.22	HOLD
IMKTA		LONG	21.57	0.19	HOLD
INWK		LONG	10.16	-2.96	HOLD
ISBC		SHORT	19.82	1.02	HOLD
JBT		LONG	20.80	-0.24	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.48	0.06	HOLD
KOP		LONG	40.93	-1.11	HOLD
KRNY		SHORT	10.17	1.29	HOLD
LINE		SHORT	34.98	-0.26	HOLD
MT		SHORT	12.91	-1.68	HOLD
MYE		LONG	15.25	-2.31	HOLD
NILE		LONG	32.03	-0.31	HOLD
NSH		SHORT	31.12	0.03	HOLD
NVS		SHORT	74.65	-0.39	HOLD
O		SHORT	53.30	2.09	HOLD
OMX		LONG	11.49	-0.95	HOLD
ONB		SHORT	12.71	-0.31	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.84	-0.16	HOLD
RJET		LONG	10.78	-2.00	HOLD
SLV	Misc. Financial Services	SHORT	22.83	-0.67	HOLD
SPTN		LONG	17.37	1.28	HOLD
STM		SHORT	9.13	-2.04	HOLD
STRA		LONG	48.78	-0.14	HOLD
TFSL		SHORT	10.83	-1.01	HOLD
TITN	Construction Services	LONG	23.43	-0.97	HOLD
TKC	Communications Services	SHORT	15.45	0.65	HOLD
USB	Regional Banks	SHORT	33.50	0.03	HOLD
USNA		LONG	58.19	1.54	HOLD
VALE		SHORT	16.82	-0.83	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.45
SHORTS				-0.25
TOTAL				-0.20
S&P 500				0.08
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-23.20	8.01	-39.49	-1.41	-0.29
S&P 500	29.50	4.96	-18.61	2.52	0.67

13-May-2013 Daily positions

Pre Opening Longs: AHS, ANDE, BAS, BCO, CEC, DEST, ESI, GBX, GLP, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, NILE, OMX, RJET, SPTN, STRA, TITN, USNA
Pre Opening Shorts: ATVI, BAC, BBT, BHP, C, CEF, CLR, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, ONB, PBR, SLV, STM, TFSL, TKC, USB, VALE