10-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	22.25	0.91	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.44	0.16	HOLD
ALJ	Petroleum Refining	LONG	16.63	-0.89	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	66.21	2.13	HOLD
AVA	Multiline Utilities - NEC	LONG	28.37	1.50	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.68	-0.25	HOLD
BAC	Banks - NEC	SHORT	16.77	-0.36	HOLD
BHP	Integrated Mining	SHORT	65.80	1.32	HOLD
BLT	Integrated Mining	LONG	13.45	-0.88	HOLD
CEC	Food Retail & Distribution - NEC	LONG	48.70	-1.74	HOLD
CEF	Investment Trusts	SHORT	13.53	-0.44	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	42.50	3.31	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.93	0.43	HOLD
ESI	Educational Services	LONG	39.41	5.07	HOLD
GG	Integrated Mining	SHORT	23.19	3.48	HOLD
GPI	New Car Dealers	LONG	66.21	-0.51	SELL
HSBC	Commercial Banks	SHORT	55.96	1.12	HOLD
HEES	Consumer Goods Rental	LONG	32.26	1.51	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.61	-0.12	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.77	0.43	HOLD
KRNY	Commercial Banks	SHORT	11.88	3.21	HOLD
LNG	Natural Gas Pipeline	SHORT	46.37	0.22	SHORT
MT	Steel - NEC	SHORT	16.88	0.60	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	67.43	0.36	HOLD
MYE	Plastic Container & Packaging	LONG	20.35	1.29	HOLD
NJR	Natural Gas Distribution	LONG	45.97	1.17	HOLD
NP	Paper Mills & Products	LONG	41.18	-1.13	HOLD
NVS	Pharmaceuticals - NEC	SHORT	81.34	0.66	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.63	1.32	COVER
PDLI	Biotechnology & Medical Research - NEC	LONG	8.88	3.02	HOLD
PSA	Self-Storage REITs	SHORT	154.26	0.79	HOLD
PZZA	Restaurants & Bars - NEC	LONG	46.66	1.13	BUY
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	22.98	0.48	HOLD
SCSS	Furniture	LONG	17.51	1.63	HOLD
SLV	Investment Trusts	SHORT	19.38	2.87	HOLD
STC	Property Insurance	LONG	33.10	0.98	HOLD
TFSL	Banks - NEC	SHORT	11.78	-0.93	HOLD
TKC	Wireless Telecom	SHORT	12.95	1.17	HOLD
TMP	Banks - NEC	SHORT	49.72	-0.06	HOLD
TS	Construction & Engineering - NEC	SHORT	43.51	1.78	HOLD
V	Business Support Services - NEC	SHORT	221.13	-0.35	HOLD
VALE	Steel - NEC	SHORT	13.73	1.33	HOLD
VIP	Wireless Telecom	SHORT	12.05	-0.17	COVER
WES	Oil & Gas Refining and Marketing - NEC	SHORT	59.86	-0.18	HOLD
WNC	Heavy Trucks	LONG	12.92	2.30	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.73
SHORTS				0.95
TOTAL				-0.22
S&P 500				0.27
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1284.67	307.61	-39.57	0.49	3.79
S&P 500	48.08	5.43	-18.61	2.70	0.79

09-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	22.05	0.64	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.43	-0.31	HOLD
ALJ	Petroleum Refining	LONG	16.78	2.88	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	64.83	1.81	HOLD
AVA	Multiline Utilities - NEC	LONG	27.95	0.07	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.74	-0.38	HOLD
BAC	Banks - NEC	SHORT	16.83	1.51	HOLD
BHP	Integrated Mining	SHORT	64.95	-1.44	HOLD
BLT	Integrated Mining	LONG	13.58	-0.88	HOLD
CEC	Food Retail & Distribution - NEC	LONG	49.54	-0.08	HOLD
CEF	Investment Trusts	SHORT	13.59	-0.15	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	41.14	0.83	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.90	-0.86	HOLD
ESI	Educational Services	LONG	37.50	-1.68	HOLD
GG	Integrated Mining	SHORT	22.41	1.27	HOLD
GPI	New Car Dealers	LONG	66.61	-1.52	HOLD
HSBC	Commercial Banks	SHORT	55.36	-0.41	HOLD
HEES	Consumer Goods Rental	LONG	31.78	1.21	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.64	-1.19	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.42	0.91	HOLD
KRNY	Commercial Banks	SHORT	11.51	0.00	HOLD
MT	Steel - NEC	SHORT	16.78	-2.72	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	67.19	0.46	HOLD
MYE	Plastic Container & Packaging	LONG	20.09	1.31	HOLD
NJR	Natural Gas Distribution	LONG	45.44	1.38	HOLD
NP	Paper Mills & Products	LONG	41.65	0.02	HOLD
NVS	Pharmaceuticals - NEC	SHORT	80.79	1.35	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.27	-1.87	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.62	0.94	HOLD
PSA	Self-Storage REITs	SHORT	153.05	1.94	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	22.87	-0.78	HOLD
SCSS	Furniture	LONG	17.22	-3.80	HOLD
SLV	Investment Trusts	SHORT	18.83	0.00	HOLD
STC	Property Insurance	LONG	32.78	-1.32	HOLD
TFSL	Banks - NEC	SHORT	11.89	-1.25	HOLD
TKC	Wireless Telecom	SHORT	12.80	-0.54	HOLD
TMP	Banks - NEC	SHORT	49.75	0.14	HOLD
TS	Construction & Engineering - NEC	SHORT	42.75	3.29	HOLD
V	Business Support Services - NEC	SHORT	221.90	-0.14	HOLD
VALE	Steel - NEC	SHORT	13.56	-2.80	HOLD
VIP	Wireless Telecom	SHORT	12.07	-2.19	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	59.97	0.13	HOLD
WNC	Heavy Trucks	LONG	12.63	-0.47	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.17
SHORTS				-0.05
TOTAL				-0.11
S&P 500				0.07
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	282546211327212.62	48039160960644.55	-17.61	0.00	126354.81
S&P 500	47.68	5.44	-18.61	2.68	0.78

08-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	21.91	-1.40	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.45	-1.07	HOLD
ALJ	Petroleum Refining	LONG	16.31	-1.45	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	63.68	2.20	HOLD
AVA	Multiline Utilities - NEC	LONG	27.92	-0.14	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.82	-0.38	HOLD
BAC	Banks - NEC	SHORT	16.58	0.48	HOLD
BHP	Integrated Mining	SHORT	65.89	-0.60	HOLD
BLT	Integrated Mining	LONG	13.70	-2.21	HOLD
CEC	Food Retail & Distribution - NEC	LONG	49.58	14.40	HOLD
CEF	Investment Trusts	SHORT	13.61	-0.73	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.79	-0.02	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.96	0.87	HOLD
ESI	Educational Services	LONG	38.14	2.78	HOLD
GG	Integrated Mining	SHORT	22.13	-1.34	HOLD
GPI	New Car Dealers	LONG	67.64	-1.34	HOLD
HSBC	Commercial Banks	SHORT	55.59	0.05	HOLD
HEES	Consumer Goods Rental	LONG	31.40	4.67	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.95	1.37	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.06	-0.34	HOLD
KRNY	Commercial Banks	SHORT	11.49	-0.61	HOLD
MT	Steel - NEC	SHORT	17.25	0.00	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	66.83	-0.25	HOLD
MYE	Plastic Container & Packaging	LONG	19.76	-0.75	HOLD
NJR	Natural Gas Distribution	LONG	44.86	-1.64	HOLD
NP	Paper Mills & Products	LONG	41.66	-0.74	HOLD
NVS	Pharmaceuticals - NEC	SHORT	79.71	0.30	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.79	-0.18	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.54	-1.50	HOLD
PSA	Self-Storage REITs	SHORT	150.11	0.17	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.04	-1.79	HOLD
SCSS	Furniture	LONG	17.84	-1.11	HOLD
SLV	Investment Trusts	SHORT	18.82	-1.59	HOLD
STC	Property Insurance	LONG	33.22	0.88	HOLD
TFSL	Banks - NEC	SHORT	12.04	1.18	HOLD
TKC	Wireless Telecom	SHORT	12.87	-2.20	HOLD
TMP	Banks - NEC	SHORT	49.68	-1.04	HOLD
TS	Construction & Engineering - NEC	SHORT	41.39	-1.45	HOLD
V	Business Support Services - NEC	SHORT	222.46	0.43	HOLD
VALE	Steel - NEC	SHORT	13.93	-0.78	HOLD
VIP	Wireless Telecom	SHORT	12.33	-1.52	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	59.89	-0.93	HOLD
WNC	Heavy Trucks	LONG	12.69	0.87	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.50
SHORTS				-0.34
TOTAL				0.84
S&P 500				0.03
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1943.99	443.02	-39.57	0.42	4.73
S&P 500	47.59	5.43	-18.61	2.68	0.78

07-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	22.22	2.02	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.52	1.40	HOLD
ALJ	Petroleum Refining	LONG	16.55	0.36	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	62.31	2.03	HOLD
AVA	Multiline Utilities - NEC	LONG	27.96	0.83	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.91	0.29	HOLD
BAC	Banks - NEC	SHORT	16.50	-0.96	HOLD
BHP	Integrated Mining	SHORT	66.28	-1.09	HOLD
BLT	Integrated Mining	LONG	14.01	0.29	HOLD
CEC	Food Retail & Distribution - NEC	LONG	43.34	-0.12	HOLD
CEF	Investment Trusts	SHORT	13.72	-0.80	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.80	0.84	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.90	-0.14	HOLD
ESI	Educational Services	LONG	37.11	0.11	HOLD
GG	Integrated Mining	SHORT	22.43	0.00	HOLD
GPI	New Car Dealers	LONG	68.56	-0.32	HOLD
HSBC	Commercial Banks	SHORT	55.56	2.21	HOLD
HEES	Consumer Goods Rental	LONG	30.00	5.26	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.60	0.79	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.21	-1.14	HOLD
KRNY	Commercial Banks	SHORT	11.56	1.23	HOLD
MT	Steel - NEC	SHORT	17.25	-0.17	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	67.00	0.33	HOLD
MYE	Plastic Container & Packaging	LONG	19.91	-0.45	HOLD
NJR	Natural Gas Distribution	LONG	45.61	1.88	HOLD
NP	Paper Mills & Products	LONG	41.97	0.60	HOLD
NVS	Pharmaceuticals - NEC	SHORT	79.47	0.35	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	27.84	-1.17	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.67	0.23	HOLD
PSA	Self-Storage REITs	SHORT	149.86	-0.11	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.46	-0.17	HOLD
SCSS	Furniture	LONG	18.04	4.40	HOLD
SLV	Investment Trusts	SHORT	19.13	-1.49	HOLD
STC	Property Insurance	LONG	32.93	-0.21	HOLD
TFSL	Banks - NEC	SHORT	11.90	0.42	HOLD
TKC	Wireless Telecom	SHORT	13.16	2.73	HOLD
TMP	Banks - NEC	SHORT	50.20	2.18	HOLD
TS	Construction & Engineering - NEC	SHORT	42.00	-0.66	HOLD
V	Business Support Services - NEC	SHORT	221.51	0.76	HOLD
VALE	Steel - NEC	SHORT	14.04	-1.75	HOLD
VIP	Wireless Telecom	SHORT	12.52	1.62	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.45	0.05	HOLD
WNC	Heavy Trucks	LONG	12.58	-0.16	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.65
SHORTS				0.37
TOTAL				0.27
S&P 500				0.61
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	64644242592084.05	10486935081688.10	-17.61	0.00	77530.33
S&P 500	47.55	5.42	-18.61	2.69	0.78

06-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Management	SHORT	21.78	0.23	HOLD
ACCO	Business Support Supplies - NEC	LONG	6.43	-2.28	HOLD
ALJ	Petroleum Refining	LONG	16.49	0.43	HOLD
ALNY	Biotechnology & Medical Research - NEC	SHORT	61.07	-3.28	HOLD
AVA	Multiline Utilities - NEC	LONG	27.73	-0.82	HOLD
AVD	Agricultural Chemicals - NEC	LONG	23.84	-2.05	HOLD
BAC	Banks - NEC	SHORT	16.66	1.52	HOLD
BHP	Integrated Mining	SHORT	67.01	-0.76	HOLD
BLT	Integrated Mining	LONG	13.97	-2.65	HOLD
CEC	Food Retail & Distribution - NEC	LONG	43.39	-2.73	HOLD
CEF	Investment Trusts	SHORT	13.83	0.36	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.46	-1.05	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.91	-4.29	HOLD
ESI	Educational Services	LONG	37.07	5.67	HOLD
GG	Integrated Mining	SHORT	22.43	0.63	HOLD
GPI	New Car Dealers	LONG	68.78	-1.22	HOLD
HSBC	Commercial Banks	SHORT	54.36	0.50	HOLD
HEES	Consumer Goods Rental	LONG	28.50	-2.10	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.40	-0.43	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.72	-1.24	HOLD
KRNY	Commercial Banks	SHORT	11.42	-1.47	HOLD
MT	Steel - NEC	SHORT	17.28	-1.09	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	66.78	0.54	HOLD
MYE	Plastic Container & Packaging	LONG	20.00	-2.20	HOLD
NJR	Natural Gas Distribution	LONG	44.77	-0.73	HOLD
NP	Paper Mills & Products	LONG	41.72	-2.68	HOLD
NVS	Pharmaceuticals - NEC	SHORT	79.19	0.10	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
SCCO	Specialty Mining & Metals - NEC	SHORT	28.17	-1.37	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.65	0.46	HOLD
PSA	Self-Storage REITs	SHORT	150.03	-0.05	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.50	-1.43	HOLD
SCSS	Furniture	LONG	17.28	-19.06	HOLD
SLV	Investment Trusts	SHORT	19.42	0.00	HOLD
STC	Property Insurance	LONG	33.00	0.43	HOLD
TFSL	Banks - NEC	SHORT	11.85	-1.25	HOLD
TKC	Wireless Telecom	SHORT	12.81	0.63	HOLD
TMP	Banks - NEC	SHORT	49.13	-2.33	HOLD
TS	Construction & Engineering - NEC	SHORT	42.28	-1.24	HOLD
V	Business Support Services - NEC	SHORT	219.83	-0.60	HOLD
VALE	Steel - NEC	SHORT	14.29	-0.28	HOLD
VIP	Wireless Telecom	SHORT	12.32	-0.65	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.42	-0.56	HOLD
WNC	Heavy Trucks	LONG	12.60	2.11	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.82
SHORTS				-0.47
TOTAL				-1.34
S&P 500				-0.28
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1273.78	308.55	-39.57	0.49	3.81
S&P 500	46.67	5.47	-18.61	2.63	0.77