26-Jul-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AHS		LONG	15.16	1.34	HOLD
BAC	SandLs/Savings Banks	SHORT	14.73	-0.67	HOLD
BHP		SHORT	64.29	0.77	HOLD
BLT		LONG	13.00	-0.46	HOLD
BLX		SHORT	25.42	0.47	HOLD
BPOP	Regional Banks	SHORT	32.88	-0.24	HOLD
BZ		LONG	9.06	-0.11	HOLD
C		SHORT	52.21	-0.85	HOLD
CEF		SHORT	14.57	-0.95	HOLD
CIT		SHORT	50.30	0.80	HOLD
DENN	Restaurants	LONG	5.80	0.69	HOLD
DEST		LONG	30.45	-2.68	HOLD
DRL		SHORT	24.75	0.69	HOLD
ESI		LONG	26.79	-4.05	HOLD
FOE		LONG	6.94	0.00	HOLD
GLP		LONG	38.34	1.56	HOLD
GPI	Retail (Specialty)	LONG	71.13	2.08	HOLD
HBC		SHORT	56.64	-0.14	HOLD
INWK		LONG	11.67	1.48	HOLD
ISBC		SHORT	22.44	-0.62	HOLD
KMR		SHORT	83.17	-0.74	HOLD
KOP		LONG	37.90	0.72	HOLD
KRNY		SHORT	10.67	-1.11	HOLD
LINE		SHORT	27.41	1.18	HOLD
MT		SHORT	13.17	1.39	HOLD
NP		LONG	39.06	-1.29	HOLD
NSH		SHORT	26.35	2.33	HOLD
NSIT		LONG	21.21	-2.26	HOLD
NVS		SHORT	71.80	-0.60	HOLD
OMX	Office Supplies	LONG	11.83	0.51	HOLD
OZM		SHORT	11.31	0.44	HOLD
PBR	Oil and Gas - Integrated	SHORT	14.45	-0.48	HOLD
PBY		LONG	12.15	-0.65	HOLD
RJET		LONG	13.57	4.14	HOLD
SAFM		LONG	70.79	0.70	HOLD
SAIA		LONG	31.32	-0.19	HOLD
SLV	Misc. Financial Services	SHORT	19.34	-0.82	HOLD
STRA		LONG	44.01	0.39	HOLD
TECD		LONG	50.88	-1.89	HOLD
TFSL		SHORT	11.86	1.02	HOLD
TKC	Communications Services	SHORT	14.73	-1.87	HOLD
USB	Regional Banks	SHORT	37.54	0.21	HOLD
VALE		SHORT	14.39	-0.42	HOLD
VLY		SHORT	10.20	0.20	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.00
SHORTS				-0.00
TOTAL				0.00
S&P 500				0.10
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	26.71	24.85	-39.44	0.42	0.26
S&P 500	34.60	5.21	-18.61	2.52	0.71

25-Jul-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AHS		LONG	14.96	0.47	HOLD
BAC	SandLs/Savings Banks	SHORT	14.83	0.82	HOLD
BHP		SHORT	63.80	0.79	HOLD
BLT		LONG	13.06	1.24	HOLD
BLX		SHORT	25.30	1.61	HOLD
BPOP	Regional Banks	SHORT	32.96	-0.99	HOLD
BZ		LONG	9.07	-0.66	HOLD
C		SHORT	52.66	0.90	HOLD
CEF		SHORT	14.71	0.82	HOLD
CIT		SHORT	49.90	-0.58	HOLD
DENN	Restaurants	LONG	5.76	1.59	HOLD
DEST		LONG	31.29	8.08	HOLD
DRL		SHORT	24.58	3.19	HOLD
ESI		LONG	27.92	3.14	HOLD
FOE		LONG	6.94	3.58	HOLD
GLP		LONG	37.75	-1.31	HOLD
GPI	Retail (Specialty)	LONG	69.68	3.43	HOLD
HBC		SHORT	56.72	0.75	HOLD
INWK		LONG	11.50	1.32	HOLD
ISBC		SHORT	22.58	-0.04	HOLD
KMR		SHORT	83.79	0.89	HOLD
KOP		LONG	37.63	-0.92	HOLD
KRNY		SHORT	10.79	0.37	HOLD
LINE		SHORT	27.09	2.07	HOLD
MT		SHORT	12.99	0.78	HOLD
NP		LONG	39.57	0.64	HOLD
NSH		SHORT	25.75	0.12	HOLD
NSIT		LONG	21.70	3.04	HOLD
NVS		SHORT	72.23	-0.66	HOLD
OMX	Office Supplies	LONG	11.77	2.79	HOLD
OZM		SHORT	11.26	0.63	HOLD
PBR	Oil and Gas - Integrated	SHORT	14.52	1.47	HOLD
PBY		LONG	12.23	-0.49	HOLD
RJET		LONG	13.03	1.56	HOLD
SAFM		LONG	70.30	0.40	HOLD
SAIA		LONG	31.38	0.93	HOLD
SLV	Misc. Financial Services	SHORT	19.51	0.22	HOLD
STRA		LONG	43.84	-10.80	HOLD
TECD		LONG	51.86	1.81	HOLD
TFSL		SHORT	11.74	-0.59	HOLD
TKC	Communications Services	SHORT	15.01	0.40	HOLD
USB	Regional Banks	SHORT	37.46	-0.21	HOLD
VALE		SHORT	14.45	1.55	HOLD
VLY		SHORT	10.18	3.67	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.99
SHORTS				0.75
TOTAL				0.24
S&P 500				0.23
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	26.73	24.89	-39.43	0.42	0.26
S&P 500	34.44	5.21	-18.61	2.52	0.71

25-Jul-2013 Daily positions

Pre Opening Longs: AHS, BLT, BZ, DENN, DEST, ESI, FOE, GLP, GPI, INWK, KOP,
NP, NSIT, OMX, PBY, RJET, SAFM, SAIA, STRA, TECD
Pre Opening Shorts: BAC, BHP, BLX, BPOP, C, CEF, CIT, DRL, HBC, ISBC, KMR,
KRNY, LINE, MT, NSH, NVS, OZM, PBR, SLV, TFSL, TKC, USB, VALE, VLY

24-Jul-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM		LONG	25.84	-1.26	SELL
AHS		LONG	14.89	-0.33	HOLD
BAC	SandLs/Savings Banks	SHORT	14.71	-1.54	HOLD
BHP		SHORT	63.30	-2.39	HOLD
BLT		LONG	12.90	-1.07	HOLD
BLX		SHORT	25.20	-1.95	HOLD
BPOP	Regional Banks	SHORT	33.29	-0.15	HOLD
BZ		LONG	9.13	2.24	BUY
C		SHORT	52.19	-1.30	HOLD
CEF		SHORT	14.57	-2.15	HOLD
CIT		SHORT	50.19	0.16	HOLD
DENN	Restaurants	LONG	5.67	0.00	HOLD
DEST		LONG	28.95	0.91	HOLD
DRL		SHORT	23.82	-3.80	SHORT
ESI		LONG	27.07	-2.70	HOLD
FOE		LONG	6.69	0.00	BUY
GLP		LONG	38.25	0.92	HOLD
GPI	Retail (Specialty)	LONG	67.37	-0.71	HOLD
HBC		SHORT	56.30	-0.25	HOLD
INWK		LONG	11.35	1.07	HOLD
ISBC		SHORT	22.59	0.13	HOLD
KMR		SHORT	83.03	-0.50	HOLD
KNL	Furniture and Fixtures	LONG	16.26	-0.43	SELL
KOP		LONG	37.99	-0.63	HOLD
KRNY		SHORT	10.75	-1.92	HOLD
LINE		SHORT	26.54	-3.98	HOLD
MT		SHORT	12.88	-1.23	HOLD
NP		LONG	39.32	1.84	HOLD
NSH		SHORT	25.72	-3.13	HOLD
NSIT		LONG	21.06	0.86	HOLD
NVS		SHORT	72.71	0.01	HOLD
O		SHORT	44.41	-2.97	COVER
OMX	Office Supplies	LONG	11.45	-2.14	HOLD
OZM		SHORT	11.19	-1.41	HOLD
PBR	Oil and Gas - Integrated	SHORT	14.31	-2.25	HOLD
PBY		LONG	12.29	-0.65	HOLD
RJET		LONG	12.83	-0.62	HOLD
SAFM		LONG	70.02	1.54	HOLD
SAIA		LONG	31.09	0.13	HOLD
SLV	Misc. Financial Services	SHORT	19.47	-1.53	HOLD
STRA		LONG	49.15	-2.77	HOLD
TECD		LONG	50.94	0.53	HOLD
TFSL		SHORT	11.81	-1.09	HOLD
TKC	Communications Services	SHORT	14.95	-1.90	HOLD
USB	Regional Banks	SHORT	37.54	0.00	HOLD
VALE		SHORT	14.23	-1.59	HOLD
VLY		SHORT	9.82	-0.71	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.28
SHORTS				-1.40
TOTAL				1.13
S&P 500				-0.33
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	26.34	24.82	-39.43	0.41	0.26
S&P 500	34.19	5.21	-18.61	2.51	0.70

24-Jul-2013 Daily positions

Pre Opening Longs: ABM, AHS, BLT, DENN, DEST, ESI, GLP, GPI, INWK, KNL,
KOP, NP, NSIT, OMX, PBY, RJET, SAFM, SAIA, STRA, TECD
Pre Opening Shorts: BAC, BHP, BLX, BPOP, C, CEF, CIT, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, OZM, PBR, SLV, TFSL, TKC, USB, VALE, VLY

23-Jul-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM		LONG	26.17	-0.08	HOLD
AHS		LONG	14.94	-2.80	HOLD
BAC	SandLs/Savings Banks	SHORT	14.94	0.13	HOLD
BHP		SHORT	64.85	1.33	HOLD
BLT		LONG	13.04	0.15	HOLD
BLX		SHORT	25.70	-1.68	HOLD
BPOP	Regional Banks	SHORT	33.34	0.15	HOLD
C		SHORT	52.88	-0.23	HOLD
CEF		SHORT	14.89	0.27	HOLD
CIT		SHORT	50.11	2.27	HOLD
DENN	Restaurants	LONG	5.67	-2.58	HOLD
DEST		LONG	28.69	-0.97	HOLD
ESI		LONG	27.82	3.73	HOLD
GLP		LONG	37.90	-2.45	HOLD
GPI	Retail (Specialty)	LONG	67.85	0.35	HOLD
HBC		SHORT	56.44	-0.14	HOLD
INWK		LONG	11.23	1.17	HOLD
ISBC		SHORT	22.56	0.18	HOLD
KMR		SHORT	83.45	-0.83	HOLD
KNL	Furniture and Fixtures	LONG	16.33	1.62	HOLD
KOP		LONG	38.23	0.74	HOLD
KRNY		SHORT	10.96	-0.18	HOLD
LINE		SHORT	27.64	0.04	HOLD
MT		SHORT	13.04	2.52	HOLD
NP		LONG	38.61	1.31	HOLD
NSH		SHORT	26.55	-0.19	HOLD
NSIT		LONG	20.88	0.92	HOLD
NVS		SHORT	72.70	-0.22	HOLD
O		SHORT	45.77	-0.44	HOLD
OMX	Office Supplies	LONG	11.70	0.34	HOLD
OZM		SHORT	11.35	-1.05	HOLD
PBR	Oil and Gas - Integrated	SHORT	14.64	2.23	HOLD
PBY		LONG	12.37	0.90	HOLD
RJET		LONG	12.91	-2.71	HOLD
SAFM		LONG	68.96	-0.22	HOLD
SAIA		LONG	31.05	-1.27	HOLD
SLV	Misc. Financial Services	SHORT	19.77	0.00	HOLD
STRA		LONG	50.55	-1.08	HOLD
TECD		LONG	50.67	0.22	HOLD
TFSL		SHORT	11.94	-0.42	HOLD
TKC	Communications Services	SHORT	15.24	2.08	HOLD
USB	Regional Banks	SHORT	37.54	0.51	HOLD
VALE		SHORT	14.46	2.48	HOLD
VLY		SHORT	9.89	1.44	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.13
SHORTS				0.43
TOTAL				-0.56
S&P 500				-0.19
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-15.11	9.85	-39.45	-0.67	-0.17
S&P 500	34.66	5.18	-18.61	2.56	0.71

23-Jul-2013 Daily positions

Pre Opening Longs: ABM, AHS, BLT, DENN, DEST, ESI, GLP, GPI, INWK, KNL,
KOP, NP, NSIT, OMX, PBY, RJET, SAFM, SAIA, STRA, TECD
Pre Opening Shorts: BAC, BHP, BLX, BPOP, C, CEF, CIT, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, OZM, PBR, SLV, TFSL, TKC, USB, VALE, VLY

22-Jul-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABM		LONG	26.19	-1.54	HOLD
AHS		LONG	15.37	-0.32	HOLD
BAC	SandLs/Savings Banks	SHORT	14.92	1.15	HOLD
BHP		SHORT	64.00	2.24	HOLD
BLT		LONG	13.02	1.09	HOLD
BLX		SHORT	26.14	2.07	HOLD
BPOP	Regional Banks	SHORT	33.29	0.85	HOLD
C		SHORT	53.00	1.24	HOLD
CEF		SHORT	14.85	4.43	HOLD
CIT		SHORT	49.00	1.24	HOLD
DENN	Restaurants	LONG	5.82	-1.02	HOLD
DEST		LONG	28.97	0.14	HOLD
ESI		LONG	26.82	0.75	HOLD
GLP		LONG	38.85	-0.84	HOLD
GPI	Retail (Specialty)	LONG	67.61	0.39	HOLD
HBC		SHORT	56.52	0.27	HOLD
INWK		LONG	11.10	-0.36	HOLD
ISBC		SHORT	22.52	0.81	HOLD
KMR		SHORT	84.15	-0.01	HOLD
KNL	Furniture and Fixtures	LONG	16.07	0.69	HOLD
KOP		LONG	37.91	1.77	HOLD
KRNY		SHORT	10.98	1.39	HOLD
LINE		SHORT	27.63	-1.29	HOLD
MT		SHORT	12.72	0.00	HOLD
NP		LONG	38.11	0.87	HOLD
NSH		SHORT	26.60	1.06	HOLD
NSIT		LONG	20.69	0.78	HOLD
NVS		SHORT	72.86	0.40	HOLD
O		SHORT	45.97	1.41	HOLD
OMX	Office Supplies	LONG	11.66	1.66	HOLD
OZM		SHORT	11.47	2.78	HOLD
PBR	Oil and Gas - Integrated	SHORT	14.32	2.58	HOLD
PBY		LONG	12.26	0.99	HOLD
RJET		LONG	13.27	3.59	HOLD
SAFM		LONG	69.11	-0.30	HOLD
SAIA		LONG	31.45	-1.07	HOLD
SLV	Misc. Financial Services	SHORT	19.77	4.71	HOLD
STRA		LONG	51.10	2.49	HOLD
TECD		LONG	50.56	1.73	HOLD
TFSL		SHORT	11.99	0.67	HOLD
TKC	Communications Services	SHORT	14.93	1.50	HOLD
USB	Regional Banks	SHORT	37.35	0.24	HOLD
VALE		SHORT	14.11	2.10	HOLD
VLY		SHORT	9.75	0.00	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.57
SHORTS				1.33
TOTAL				-0.75
S&P 500				0.18
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	25.62	24.72	-39.46	0.41	0.25
S&P 500	34.90	5.17	-18.61	2.58	0.72

22-Jul-2013 Daily positions

Pre Opening Longs: ABM, AHS, BLT, DENN, DEST, ESI, GLP, GPI, INWK, KNL,
KOP, NP, NSIT, OMX, PBY, RJET, SAFM, SAIA, STRA, TECD
Pre Opening Shorts: BAC, BHP, BLX, BPOP, C, CEF, CIT, HBC, ISBC, KMR, KRNY,
LINE, MT, NSH, NVS, O, OZM, PBR, SLV, TFSL, TKC, USB, VALE, VLY