27-Dec-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	21.70	1.02	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.40	0.16	HOLD
ALJ	Petroleum Refining	LONG	16.15	-0.19	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	65.16	-2.62	HOLD
ATVI	Toys & Juvenile Products - NEC	SHORT	17.82	-1.44	HOLD
AVA	Multiline Utilities - NEC	LONG	28.15	0.25	HOLD
AVD	Agricultural Chemicals - NEC	LONG	24.10	0.46	HOLD
BAC	Banks - NEC	SHORT	15.67	0.13	HOLD
BHP	Integrated Mining	SHORT	67.41	0.94	HOLD
BLT	Integrated Mining	LONG	14.40	0.28	HOLD
BYI	Games, Toys & Children Vehicles	LONG	77.18	-0.09	HOLD
CEC	Food Retail & Distribution - NEC	LONG	44.27	0.27	HOLD
CEF	Investment Trusts	SHORT	13.60	0.52	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	41.04	1.26	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.41	0.54	HOLD
ESI	Educational Services	LONG	34.89	-0.26	HOLD
GG	Integrated Mining	SHORT	21.59	0.42	HOLD
GPI	New Car Dealers	LONG	70.92	-0.37	HOLD
HSBC	Commercial Banks	SHORT	54.76	0.31	HOLD
HEES	Consumer Goods Rental	LONG	29.13	-3.80	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.66	0.51	HOLD
KOP	Commodity Chemicals - NEC	LONG	46.23	-1.18	HOLD
KRNY	Commercial Banks	SHORT	11.21	-1.06	HOLD
MT	Steel - NEC	SHORT	17.75	2.42	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	65.08	1.18	HOLD
MYE	Plastic Container & Packaging	LONG	21.59	0.00	HOLD
NJR	Natural Gas Distribution	LONG	46.54	1.28	HOLD
NP	Paper Mills & Products	LONG	43.53	-1.16	HOLD
NVS	Pharmaceuticals - NEC	SHORT	80.39	1.81	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.91	0.98	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.39	-0.36	HOLD
PSA	Self-Storage REITs	SHORT	151.12	-0.02	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	24.57	-0.28	HOLD
SCSS	Furniture	LONG	21.22	-2.03	HOLD
SLV	Investment Trusts	SHORT	19.28	1.39	HOLD
STC	Property Insurance	LONG	32.34	1.79	HOLD
TFSL	Banks - NEC	SHORT	12.09	-0.17	HOLD
TKC	Wireless Telecom	SHORT	13.22	-0.53	HOLD
TMP	Banks - NEC	SHORT	51.26	0.12	HOLD
TS	Construction & Engineering - NEC	SHORT	43.69	0.95	HOLD
V	Business Support Services - NEC	SHORT	219.67	-0.24	HOLD
VALE	Steel - NEC	SHORT	15.23	3.46	HOLD
VIP	Wireless Telecom	SHORT	12.97	1.33	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.86	0.88	HOLD
WNC	Heavy Trucks	LONG	12.32	0.49	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.20
SHORTS				0.52
TOTAL				-0.72
S&P 500				-0.00
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-1.75	12.45	-39.65	-0.05	-0.02
S&P 500	47.85	5.33	-18.61	2.78	0.80

26-Dec-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	21.48	0.51	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.39	1.11	HOLD
ALJ	Petroleum Refining	LONG	16.18	1.57	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	66.91	1.07	HOLD
ATVI	Toys & Juvenile Products - NEC	SHORT	18.08	-0.50	HOLD
AVA	Multiline Utilities - NEC	LONG	28.08	-0.21	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.99	1.83	HOLD
BAC	Banks - NEC	SHORT	15.65	-0.32	HOLD
BHP	Integrated Mining	SHORT	66.78	-0.42	HOLD
BLT	Integrated Mining	LONG	14.36	0.14	HOLD
BYI	Games, Toys & Children Vehicles	LONG	77.25	-0.76	HOLD
CEC	Food Retail & Distribution - NEC	LONG	44.15	-0.34	HOLD
CEF	Investment Trusts	SHORT	13.53	2.66	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.53	0.40	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.37	-0.41	HOLD
ESI	Educational Services	LONG	34.98	-0.37	HOLD
GG	Integrated Mining	SHORT	21.50	-0.32	HOLD
GPI	New Car Dealers	LONG	71.14	0.30	HOLD
HSBC	Commercial Banks	SHORT	54.59	0.09	HOLD
HEES	Consumer Goods Rental	LONG	30.28	4.27	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.53	0.59	HOLD
KOP	Commodity Chemicals - NEC	LONG	46.85	0.49	HOLD
KRNY	Commercial Banks	SHORT	11.33	-0.35	HOLD
MT	Steel - NEC	SHORT	17.33	0.06	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	64.32	0.33	HOLD
MYE	Plastic Container & Packaging	LONG	21.59	0.23	HOLD
NJR	Natural Gas Distribution	LONG	45.96	0.50	HOLD
NP	Paper Mills & Products	LONG	44.04	-0.02	HOLD
NSIT	IT Services & Consulting - NEC	LONG	22.97	-0.56	SELL
NVS	Pharmaceuticals - NEC	SHORT	78.96	0.23	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.64	0.33	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.42	0.24	HOLD
PSA	Self-Storage REITs	SHORT	151.15	-0.30	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	24.64	-0.04	HOLD
SCSS	Furniture	LONG	21.66	0.70	HOLD
SLV	Investment Trusts	SHORT	19.02	1.39	HOLD
STC	Property Insurance	LONG	31.77	0.13	HOLD
TFSL	Banks - NEC	SHORT	12.11	0.08	HOLD
TKC	Wireless Telecom	SHORT	13.29	-6.41	HOLD
TMP	Banks - NEC	SHORT	51.20	-0.79	HOLD
TS	Construction & Engineering - NEC	SHORT	43.28	0.02	HOLD
V	Business Support Services - NEC	SHORT	220.20	0.67	HOLD
VALE	Steel - NEC	SHORT	14.72	-0.67	HOLD
VIP	Wireless Telecom	SHORT	12.80	0.23	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.33	-0.25	HOLD
WNC	Heavy Trucks	LONG	12.26	-1.92	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.31
SHORTS				-0.06
TOTAL				0.38
S&P 500				0.51
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	6828023683901.80	2461592067282.66	-17.63	0.00	38443.50
S&P 500	47.86	5.31	-18.61	2.79	0.80

24-Dec-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	21.37	-0.60	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.32	-0.78	HOLD
ALJ	Petroleum Refining	LONG	15.93	0.38	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	66.20	0.72	HOLD
ATVI	Toys & Juvenile Products - NEC	SHORT	18.17	0.11	HOLD
AVA	Multiline Utilities - NEC	LONG	28.14	0.39	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.56	1.46	HOLD
BAC	Banks - NEC	SHORT	15.70	0.06	HOLD
BHP	Integrated Mining	SHORT	67.06	1.13	HOLD
BLT	Integrated Mining	LONG	14.34	-0.42	HOLD
BYI	Games, Toys & Children Vehicles	LONG	77.84	1.12	HOLD
CEC	Food Retail & Distribution - NEC	LONG	44.30	1.05	HOLD
CEF	Investment Trusts	SHORT	13.18	-0.30	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.37	0.47	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.40	1.37	HOLD
ESI	Educational Services	LONG	35.11	1.83	HOLD
GG	Integrated Mining	SHORT	21.57	3.06	HOLD
GPI	New Car Dealers	LONG	70.93	0.27	HOLD
HSBC	Commercial Banks	SHORT	54.54	0.70	HOLD
HEES	Consumer Goods Rental	LONG	29.04	-1.06	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.38	-0.94	HOLD
KOP	Commodity Chemicals - NEC	LONG	46.62	-0.24	HOLD
KRNY	Commercial Banks	SHORT	11.37	0.35	HOLD
MT	Steel - NEC	SHORT	17.32	1.70	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	64.11	-1.05	HOLD
MYE	Plastic Container & Packaging	LONG	21.54	0.51	HOLD
NJR	Natural Gas Distribution	LONG	45.73	0.62	HOLD
NP	Paper Mills & Products	LONG	44.05	0.32	HOLD
NSIT	IT Services & Consulting - NEC	LONG	23.10	0.65	HOLD
NVS	Pharmaceuticals - NEC	SHORT	78.78	0.15	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.55	1.14	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.40	-0.59	HOLD
PSA	Self-Storage REITs	SHORT	151.60	0.03	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	24.65	-0.16	HOLD
SCSS	Furniture	LONG	21.51	-1.24	HOLD
SLV	Investment Trusts	SHORT	18.76	0.21	HOLD
STC	Property Insurance	LONG	31.73	1.21	HOLD
TFSL	Banks - NEC	SHORT	12.10	-0.66	HOLD
TKC	Wireless Telecom	SHORT	14.20	1.36	HOLD
TMP	Banks - NEC	SHORT	51.61	0.19	HOLD
TS	Construction & Engineering - NEC	SHORT	43.27	0.98	HOLD
V	Business Support Services - NEC	SHORT	218.73	0.32	HOLD
VALE	Steel - NEC	SHORT	14.82	1.09	HOLD
VIP	Wireless Telecom	SHORT	12.77	1.11	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.48	-0.12	HOLD
WNC	Heavy Trucks	LONG	12.50	1.54	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.37
SHORTS				0.43
TOTAL				-0.06
S&P 500				0.22
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	4623685055761.92	1669437917824.96	-17.63	0.00	33906.89
S&P 500	47.11	5.34	-18.61	2.74	0.79

23-Dec-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	21.50	0.00	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.37	4.08	HOLD
ALJ	Petroleum Refining	LONG	15.87	2.99	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	65.73	-1.07	HOLD
ATVI	Toys & Juvenile Products - NEC	SHORT	18.15	1.57	HOLD
AVA	Multiline Utilities - NEC	LONG	28.03	-1.09	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.22	-2.03	HOLD
BAC	Banks - NEC	SHORT	15.69	0.58	HOLD
BHP	Integrated Mining	SHORT	66.31	0.48	HOLD
BLT	Integrated Mining	LONG	14.40	0.35	HOLD
BYI	Games, Toys & Children Vehicles	LONG	76.98	1.28	HOLD
CEC	Food Retail & Distribution - NEC	LONG	43.84	-0.36	HOLD
CEF	Investment Trusts	SHORT	13.22	0.00	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.18	1.77	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.30	1.39	HOLD
ESI	Educational Services	LONG	34.48	-1.60	HOLD
GG	Integrated Mining	SHORT	20.93	0.05	HOLD
GPI	New Car Dealers	LONG	70.74	0.80	HOLD
HSBC	Commercial Banks	SHORT	54.16	1.18	HOLD
HEES	Consumer Goods Rental	LONG	29.35	-0.07	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.62	0.95	HOLD
KOP	Commodity Chemicals - NEC	LONG	46.73	0.60	HOLD
KRNY	Commercial Banks	SHORT	11.33	2.63	HOLD
MT	Steel - NEC	SHORT	17.03	1.13	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	64.79	2.16	HOLD
MYE	Plastic Container & Packaging	LONG	21.43	1.71	HOLD
NJR	Natural Gas Distribution	LONG	45.45	-1.02	HOLD
NP	Paper Mills & Products	LONG	43.91	0.37	HOLD
NSIT	IT Services & Consulting - NEC	LONG	22.95	-1.08	HOLD
NVS	Pharmaceuticals - NEC	SHORT	78.66	0.43	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.24	-0.77	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.45	1.68	HOLD
PSA	Self-Storage REITs	SHORT	151.55	-0.18	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	24.69	0.12	HOLD
SCSS	Furniture	LONG	21.78	4.16	HOLD
SLV	Investment Trusts	SHORT	18.73	0.59	HOLD
STC	Property Insurance	LONG	31.35	1.55	HOLD
TFSL	Banks - NEC	SHORT	12.18	1.00	HOLD
TKC	Wireless Telecom	SHORT	14.01	-1.13	HOLD
TMP	Banks - NEC	SHORT	51.51	2.83	HOLD
TS	Construction & Engineering - NEC	SHORT	42.85	-0.51	HOLD
V	Business Support Services - NEC	SHORT	218.03	0.95	HOLD
VALE	Steel - NEC	SHORT	14.66	1.59	HOLD
VIP	Wireless Telecom	SHORT	12.63	2.68	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.55	0.66	HOLD
WNC	Heavy Trucks	LONG	12.31	2.58	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.75
SHORTS				0.75
TOTAL				-0.01
S&P 500				0.53
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-1.35	12.47	-39.65	-0.04	-0.01
S&P 500	46.79	5.34	-18.61	2.73	0.78