24-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM	Business Services	LONG	23.50	0.43	HOLD
AHS		LONG	13.43	-0.89	HOLD
ATVI		SHORT	15.61	0.45	HOLD
BAC	SandLs/Savings Banks	SHORT	13.24	0.23	HOLD
BBT	Regional Banks	SHORT	32.82	-0.15	HOLD
BCO		LONG	27.23	0.93	HOLD
BHP		SHORT	66.73	-1.18	HOLD
C	Money Center Banks	SHORT	50.52	-0.02	HOLD
CEF		SHORT	15.73	-1.26	HOLD
CLR		SHORT	83.46	-0.62	HOLD
DEST		LONG	25.18	0.40	HOLD
ESI		LONG	24.80	-0.92	HOLD
FRED		LONG	15.25	0.07	HOLD
GLP		LONG	36.17	-0.90	HOLD
GPI	Retail (Specialty)	LONG	63.08	-0.14	HOLD
HBC		SHORT	55.35	-1.62	HOLD
HOTT		LONG	13.96	-0.07	HOLD
ICFI		LONG	29.96	0.60	HOLD
IMKTA		LONG	22.07	1.01	HOLD
INWK		LONG	11.03	2.13	HOLD
ISBC		SHORT	20.28	0.85	HOLD
JBT		LONG	21.42	0.47	HOLD
KMR		SHORT	86.10	-0.16	HOLD
KOP		LONG	41.63	0.14	HOLD
KRNY		SHORT	10.25	1.59	HOLD
LINE		SHORT	35.06	-0.48	HOLD
MT		SHORT	12.83	-0.70	HOLD
MYE		LONG	14.87	0.20	HOLD
NSH		SHORT	29.36	-1.44	HOLD
NVS		SHORT	74.36	0.73	HOLD
O		SHORT	49.67	-1.90	HOLD
ONB		SHORT	13.58	-0.37	HOLD
OZM		SHORT	11.54	3.22	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.20	0.50	HOLD
RJET		LONG	10.44	-1.42	HOLD
SAFM		LONG	65.72	0.44	HOLD
SLV	Misc. Financial Services	SHORT	21.60	-1.28	HOLD
SPTN		LONG	17.80	0.39	HOLD
STM		SHORT	9.28	-1.80	HOLD
TECD		LONG	49.67	0.49	HOLD
TFSL		SHORT	11.19	0.00	HOLD
TITN	Construction Services	LONG	20.40	-9.33	HOLD
TKC	Communications Services	SHORT	15.87	0.00	HOLD
USB	Regional Banks	SHORT	35.41	0.54	HOLD
USNA		LONG	67.33	-1.72	HOLD
VALE		SHORT	15.51	-0.39	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.37
SHORTS				-0.21
TOTAL				-0.16
S&P 500				-0.08
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.26	8.42	-39.46	-1.21	-0.26
S&P 500	30.90	5.08	-18.61	2.53	0.69

24-May-2013 Daily positions

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

23-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM	Business Services	LONG	23.40	0.60	HOLD
AHS		LONG	13.55	2.50	HOLD
ATVI		SHORT	15.54	1.64	HOLD
BAC	SandLs/Savings Banks	SHORT	13.21	-0.75	HOLD
BAS		LONG	13.67	-1.73	SELL
BBT	Regional Banks	SHORT	32.87	0.70	HOLD
BCO		LONG	26.98	1.35	HOLD
BHP		SHORT	67.53	-1.19	HOLD
C	Money Center Banks	SHORT	50.53	-0.92	HOLD
CEF		SHORT	15.93	2.31	HOLD
CLR		SHORT	83.98	-0.56	HOLD
DEST		LONG	25.08	-0.59	HOLD
ESI		LONG	25.03	-2.04	HOLD
FRED		LONG	15.24	1.33	BUY
GBX		LONG	23.68	-0.88	SELL
GLP		LONG	36.50	-1.72	HOLD
GPI	Retail (Specialty)	LONG	63.17	-0.58	HOLD
HBC		SHORT	56.27	-1.73	HOLD
HOTT		LONG	13.97	0.29	HOLD
ICFI		LONG	29.78	-0.10	HOLD
IMKTA		LONG	21.85	5.20	HOLD
INWK		LONG	10.80	0.65	HOLD
ISBC		SHORT	20.11	0.00	HOLD
JBT		LONG	21.32	-0.88	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.24	-0.09	HOLD
KOP		LONG	41.57	-0.43	HOLD
KRNY		SHORT	10.09	-1.46	HOLD
LINE		SHORT	35.23	0.86	HOLD
MT		SHORT	12.92	-1.15	HOLD
MYE		LONG	14.84	1.50	HOLD
NSH		SHORT	29.79	-1.00	HOLD
NVS		SHORT	73.82	-1.07	HOLD
O		SHORT	50.63	-3.40	HOLD
ONB		SHORT	13.63	1.64	HOLD
OZM		SHORT	11.18	-3.54	SHORT
PBR	Oil and Gas - Integrated	SHORT	18.11	-1.36	HOLD
RJET		LONG	10.59	2.62	HOLD
SAFM		LONG	65.43	-0.98	HOLD
SLV	Misc. Financial Services	SHORT	21.87	1.67	HOLD
SPTN		LONG	17.73	0.28	HOLD
STM		SHORT	9.45	-0.53	HOLD
TECD		LONG	49.43	1.37	HOLD
TFSL		SHORT	11.19	0.09	HOLD
TITN	Construction Services	LONG	22.50	-0.57	HOLD
TKC	Communications Services	SHORT	15.87	1.08	HOLD
USB	Regional Banks	SHORT	35.22	-0.42	HOLD
USNA		LONG	68.51	0.54	HOLD
VALE		SHORT	15.57	-2.32	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.29
SHORTS				-0.33
TOTAL				0.62
S&P 500				-0.28
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.13	8.44	-39.46	-1.20	-0.26
S&P 500	30.43	5.02	-18.61	2.52	0.68

23-May-2013 Daily positions

Pre Opening Longs: ABM, AHS, BAS, BCO, DEST, ESI, GBX, GLP, GPI, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, RJET, SAFM, SPTN, 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

22-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM	Business Services	LONG	23.26	0.04	HOLD
AHS		LONG	13.22	-2.94	HOLD
ATVI		SHORT	15.29	-1.80	HOLD
BAC	SandLs/Savings Banks	SHORT	13.31	-0.97	HOLD
BAS		LONG	13.91	-4.14	HOLD
BBT	Regional Banks	SHORT	32.64	-0.24	HOLD
BCO		LONG	26.62	-1.55	HOLD
BHP		SHORT	68.34	-1.20	HOLD
C	Money Center Banks	SHORT	51.00	-1.28	HOLD
CEF		SHORT	15.57	-0.95	HOLD
CLR		SHORT	84.45	-1.87	HOLD
DEST		LONG	25.23	-0.04	HOLD
ESI		LONG	25.55	-8.09	HOLD
GBX		LONG	23.89	-3.04	HOLD
GLP		LONG	37.14	0.70	HOLD
GPI	Retail (Specialty)	LONG	63.54	-0.80	HOLD
HBC		SHORT	57.28	-0.68	HOLD
HOTT		LONG	13.93	-0.21	HOLD
ICFI		LONG	29.81	1.26	HOLD
IMKTA		LONG	20.77	-3.57	HOLD
INWK		LONG	10.73	-1.92	HOLD
ISBC		SHORT	20.11	-0.10	HOLD
JBT		LONG	21.60	-1.23	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.28	-1.03	HOLD
KOP		LONG	41.73	-1.37	HOLD
KRNY		SHORT	10.24	-0.97	HOLD
LINE		SHORT	34.93	-0.91	HOLD
MT		SHORT	13.07	-1.13	HOLD
MYE		LONG	14.64	-2.47	HOLD
NSH		SHORT	30.09	0.30	HOLD
NVS		SHORT	74.62	-0.01	HOLD
O		SHORT	52.41	-4.76	HOLD
ONB		SHORT	13.41	-1.76	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.36	-3.22	HOLD
RJET		LONG	10.32	0.29	HOLD
SAFM		LONG	66.08	-0.50	HOLD
SLV	Misc. Financial Services	SHORT	21.51	-0.51	HOLD
SPTN		LONG	17.68	0.00	HOLD
STM		SHORT	9.50	-3.55	HOLD
TECD		LONG	48.76	-2.05	HOLD
TFSL		SHORT	11.18	-0.80	HOLD
TITN	Construction Services	LONG	22.63	-0.70	HOLD
TKC	Communications Services	SHORT	15.70	-3.68	HOLD
USB	Regional Banks	SHORT	35.37	0.23	HOLD
USNA		LONG	68.18	0.34	HOLD
VALE		SHORT	15.94	-1.85	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.45
SHORTS				-1.36
TOTAL				-0.09
S&P 500				-0.74
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.60	8.35	-39.49	-1.24	-0.26
S&P 500	31.40	5.06	-18.61	2.58	0.70

22-May-2013 Daily positions

Pre Opening Longs: ABM, AHS, BAS, BCO, DEST, ESI, GBX, GLP, GPI, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, RJET, SAFM, SPTN, 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

21-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM	Business Services	LONG	23.25	-0.19	HOLD
AHS		LONG	13.60	-2.30	HOLD
ATVI		SHORT	15.55	2.44	HOLD
BAC	SandLs/Savings Banks	SHORT	13.45	-0.45	HOLD
BAS		LONG	14.50	2.47	HOLD
BBT	Regional Banks	SHORT	32.75	0.28	HOLD
BCO		LONG	27.05	0.04	HOLD
BHP	Metal Mining	SHORT	69.13	1.55	HOLD
C	Money Center Banks	SHORT	51.68	0.16	HOLD
CEF		SHORT	15.70	-2.76	HOLD
CLR		SHORT	86.06	-1.44	HOLD
DEST		LONG	25.21	-0.28	HOLD
ESI		LONG	27.90	4.18	HOLD
GBX		LONG	24.63	0.61	HOLD
GLP		LONG	36.85	0.93	HOLD
GPI	Retail (Specialty)	LONG	64.02	0.08	HOLD
HBC		SHORT	58.22	-0.67	HOLD
HOTT		LONG	13.94	0.11	HOLD
ICFI		LONG	29.45	0.72	HOLD
IMKTA		LONG	21.52	-1.28	HOLD
INWK		LONG	10.90	-0.82	HOLD
ISBC		SHORT	20.14	0.85	HOLD
JBT		LONG	21.87	0.41	HOLD
KMR	Oil Well Services and Equipment	SHORT	87.23	0.58	HOLD
KOP		LONG	42.34	-0.02	HOLD
KRNY		SHORT	10.39	0.78	HOLD
LINE		SHORT	35.24	-0.56	HOLD
MT		SHORT	13.23	0.67	HOLD
MYE		LONG	15.01	-1.12	HOLD
NSH		SHORT	30.03	-1.80	HOLD
NVS		SHORT	74.61	0.61	HOLD
O		SHORT	55.04	0.58	HOLD
ONB		SHORT	13.65	0.14	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.96	0.26	HOLD
RJET		LONG	10.30	-2.37	HOLD
SAFM		LONG	66.32	1.83	HOLD
SLV	Misc. Financial Services	SHORT	21.63	-2.92	HOLD
SPTN		LONG	17.67	0.51	HOLD
STM		SHORT	9.84	2.34	HOLD
TECD		LONG	49.80	0.87	HOLD
TFSL		SHORT	11.26	-0.09	HOLD
TITN	Construction Services	LONG	22.75	0.84	HOLD
TKC	Communications Services	SHORT	16.30	2.26	HOLD
USB	Regional Banks	SHORT	35.30	0.48	HOLD
USNA		LONG	67.99	-0.06	HOLD
VALE		SHORT	16.22	1.31	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.23
SHORTS				0.19
TOTAL				0.04
S&P 500				0.16
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.60	8.35	-39.49	-1.24	-0.26
S&P 500	32.39	5.08	-18.61	2.65	0.72

21-May-2013 Daily positions

Pre Opening Longs: ABM, AHS, BAS, BCO, DEST, ESI, GBX, GLP, GPI, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, RJET, SAFM, SPTN, 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

20-May-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM	Business Services	LONG	23.29	0.00	HOLD
AHS	Business Services	LONG	13.92	-2.11	HOLD
ATVI		SHORT	15.18	1.61	HOLD
BAC	SandLs/Savings Banks	SHORT	13.51	0.60	HOLD
BAS		LONG	14.15	1.65	HOLD
BBT	Regional Banks	SHORT	32.66	0.34	HOLD
BCO		LONG	27.04	0.22	HOLD
BHP	Metal Mining	SHORT	68.07	0.61	HOLD
C	Money Center Banks	SHORT	51.60	0.29	HOLD
CEF		SHORT	16.15	6.04	HOLD
CLR		SHORT	87.32	0.74	HOLD
DEST		LONG	25.28	0.00	HOLD
ESI		LONG	26.78	4.00	HOLD
GBX		LONG	24.48	1.24	HOLD
GLP		LONG	36.51	-2.12	HOLD
GPI	Retail (Specialty)	LONG	63.97	0.44	HOLD
HBC		SHORT	58.61	1.45	HOLD
HOTT		LONG	13.93	-0.14	HOLD
ICFI		LONG	29.24	1.28	HOLD
IMKTA		LONG	21.80	1.11	HOLD
INWK		LONG	10.99	1.67	HOLD
ISBC		SHORT	19.97	-0.50	HOLD
JBT		LONG	21.78	0.37	HOLD
KMR	Oil Well Services and Equipment	SHORT	86.73	0.59	HOLD
KOP		LONG	42.35	-0.68	HOLD
KRNY		SHORT	10.31	-0.67	HOLD
LINE		SHORT	35.44	0.88	HOLD
MT		SHORT	13.14	1.86	HOLD
MYE		LONG	15.18	-1.62	HOLD
NSH		SHORT	30.58	-0.29	HOLD
NVS		SHORT	74.16	0.01	HOLD
O		SHORT	54.72	-0.67	HOLD
ONB		SHORT	13.63	2.33	HOLD
PBR	Oil and Gas - Integrated	SHORT	18.91	0.96	HOLD
RJET		LONG	10.55	-3.74	HOLD
SAFM		LONG	65.13	0.74	HOLD
SLV	Misc. Financial Services	SHORT	22.25	3.97	HOLD
SPTN		LONG	17.58	2.39	HOLD
STM		SHORT	9.61	1.80	HOLD
TECD		LONG	49.37	1.31	HOLD
TFSL		SHORT	11.27	1.08	HOLD
TITN	Construction Services	LONG	22.56	-0.49	HOLD
TKC	Communications Services	SHORT	15.94	-1.85	HOLD
USB	Regional Banks	SHORT	35.13	1.33	HOLD
USNA		LONG	68.03	3.93	HOLD
VALE		SHORT	16.01	2.56	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.43
SHORTS				1.04
TOTAL				-0.61
S&P 500				0.02
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-21.63	8.34	-39.49	-1.25	-0.26
S&P 500	32.21	5.06	-18.61	2.65	0.72

20-May-2013 Daily positions

Pre Opening Longs: ABM, AHS, BAS, BCO, DEST, ESI, GBX, GLP, GPI, HOTT,
ICFI, IMKTA, INWK, JBT, KOP, MYE, RJET, SAFM, SPTN, 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