24-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACCO	Business Support Supplies - NEC	LONG	6.36	-3.20	HOLD
ALJ	Petroleum Refining	LONG	14.97	-2.89	HOLD
AVA	Multiline Utilities - NEC	LONG	28.53	-0.24	HOLD
AVD	Agricultural Chemicals - NEC	LONG	24.00	-0.17	HOLD
BAC	Banks - NEC	SHORT	16.45	-2.43	HOLD
BHP	Integrated Mining	SHORT	62.99	-2.60	HOLD
BLT	Integrated Mining	LONG	12.80	-3.03	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	39.24	-3.47	HOLD
CEC	Food Retail & Distribution - NEC	LONG	54.19	0.07	HOLD
CEF	Investment Trusts	SHORT	13.84	0.44	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	40.66	-2.82	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.91	-3.22	HOLD
DVN	Integrated Oil & Gas	SHORT	59.60	-0.86	HOLD
GG	Integrated Mining	SHORT	24.03	-0.12	HOLD
GPRE	Industrial Gas	LONG	21.94	-1.64	HOLD
HSBC	Commercial Banks	SHORT	53.20	-3.10	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.39	-0.35	HOLD
KOP	Commodity Chemicals - NEC	LONG	42.30	-3.29	HOLD
KRNY	Commercial Banks	SHORT	11.71	-1.26	HOLD
LNG	Natural Gas Pipeline	SHORT	43.82	-2.36	HOLD
MT	Steel - NEC	SHORT	16.30	-4.37	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	68.14	-0.79	HOLD
MYE	Plastic Container & Packaging	LONG	19.29	-2.62	HOLD
NJR	Natural Gas Distribution	LONG	46.01	-0.52	HOLD
NP	Paper Mills & Products	LONG	42.44	-2.35	HOLD
NVS	Pharmaceuticals - NEC	SHORT	79.84	-2.38	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	9.06	-0.11	HOLD
PSA	Self-Storage REITs	SHORT	152.88	-1.02	HOLD
PZZA	Restaurants & Bars - NEC	LONG	47.31	-2.59	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	22.50	-1.49	HOLD
SCSS	Furniture	LONG	16.75	-2.39	HOLD
SLV	Investment Trusts	SHORT	19.17	-0.47	HOLD
STC	Property Insurance	LONG	32.87	-2.58	HOLD
STM	Semiconductors - NEC	SHORT	7.64	-2.86	HOLD
TFSL	Banks - NEC	SHORT	11.52	-1.41	HOLD
TKC	Wireless Telecom	SHORT	12.22	-1.89	HOLD
TMP	Banks - NEC	SHORT	49.85	0.10	HOLD
V	Business Support Services - NEC	SHORT	221.25	-3.07	HOLD
VALE	Steel - NEC	SHORT	12.91	-1.75	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.23	-0.50	HOLD
WNC	Heavy Trucks	LONG	13.70	-2.14	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.91
SHORTS				-1.64
TOTAL				-0.27
S&P 500				-1.87
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	0.16	12.76	-39.57	0.00	0.00
S&P 500	44.25	5.95	-18.61	2.26	0.72

24-Jan-2014 Daily positions

Pre Opening Longs: ACCO, ALJ, AVA, AVD, BLT, CEC, DENN, GPRE, KOP, MYE,
NJR, NP, PDLI, PZZA, SAH, SCSS, STC, WNC
Pre Opening Shorts: BAC, BHP, CCL, CEF, CUK, DVN, GG, HSBC, ISBC, KRNY,
LNG, MT, MWE, NVS, PSA, ROMA, SLV, STM, TFSL, TKC, TMP, V, VALE, WES

23-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACCO	Business Support Supplies - NEC	LONG	6.57	-2.95	HOLD
ALJ	Petroleum Refining	LONG	15.41	-2.59	HOLD
AVA	Multiline Utilities - NEC	LONG	28.60	0.53	HOLD
AVD	Agricultural Chemicals - NEC	LONG	24.04	-1.07	HOLD
BAC	Banks - NEC	SHORT	16.86	-1.69	HOLD
BHP	Integrated Mining	SHORT	64.67	-2.19	HOLD
BLT	Integrated Mining	LONG	13.20	-1.20	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.65	-1.05	HOLD
CEC	Food Retail & Distribution - NEC	LONG	54.15	-0.15	HOLD
CEF	Investment Trusts	SHORT	13.78	1.62	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	41.84	-1.55	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.14	0.42	HOLD
DVN	Integrated Oil & Gas	SHORT	60.12	-0.48	HOLD
GG	Integrated Mining	SHORT	24.06	4.02	HOLD
GPRE	Industrial Gas	LONG	22.31	0.95	BUY
HSBC	Commercial Banks	SHORT	54.90	-1.52	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.48	-0.66	HOLD
KOP	Commodity Chemicals - NEC	LONG	43.74	-1.00	HOLD
KRNY	Commercial Banks	SHORT	11.86	-1.98	HOLD
LNG	Natural Gas Pipeline	SHORT	44.75	-2.23	HOLD
MT	Steel - NEC	SHORT	17.05	-0.53	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	68.68	-1.46	HOLD
MYE	Plastic Container & Packaging	LONG	19.81	-1.30	HOLD
NJR	Natural Gas Distribution	LONG	46.25	-0.06	HOLD
NP	Paper Mills & Products	LONG	43.46	-0.41	HOLD
NVS	Pharmaceuticals - NEC	SHORT	81.79	1.24	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	SELL
PDLI	Biotechnology & Medical Research - NEC	LONG	9.07	0.33	HOLD
PSA	Self-Storage REITs	SHORT	154.46	-0.55	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.57	0.02	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	22.84	-1.51	HOLD
SCSS	Furniture	LONG	17.16	-0.17	HOLD
SLV	Investment Trusts	SHORT	19.27	1.26	HOLD
STC	Property Insurance	LONG	33.67	-2.12	HOLD
STM	Semiconductors - NEC	SHORT	7.86	-0.82	HOLD
TFSL	Banks - NEC	SHORT	11.69	-1.43	HOLD
TKC	Wireless Telecom	SHORT	12.45	-2.89	HOLD
TMP	Banks - NEC	SHORT	49.80	0.40	HOLD
V	Business Support Services - NEC	SHORT	228.25	-2.03	HOLD
VALE	Steel - NEC	SHORT	13.13	-2.88	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.64	0.08	HOLD
WNC	Heavy Trucks	LONG	14.00	-0.21	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.75
SHORTS				-0.72
TOTAL				-0.02
S&P 500				-0.92
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	0.45	12.78	-39.57	0.01	0.00
S&P 500	46.85	5.64	-18.61	2.51	0.76

23-Jan-2014 Daily positions

Pre Opening Longs: ACCO, ALJ, AVA, AVD, BLT, CEC, DENN, KOP, MYE, NJR, NP,
OMX, PDLI, PZZA, SAH, SCSS, STC, WNC
Pre Opening Shorts: BAC, BHP, CCL, CEF, CUK, DVN, GG, HSBC, ISBC, KRNY,
LNG, MT, MWE, NVS, PSA, ROMA, SLV, STM, TFSL, TKC, TMP, V, VALE, WES

22-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACCO	Business Support Supplies - NEC	LONG	6.76	-0.81	HOLD
ALJ	Petroleum Refining	LONG	15.82	-1.37	HOLD
AVA	Multiline Utilities - NEC	LONG	28.45	-0.42	HOLD
AVD	Agricultural Chemicals - NEC	LONG	24.30	-0.57	HOLD
BAC	Banks - NEC	SHORT	17.15	0.82	HOLD
BHP	Integrated Mining	SHORT	66.12	-0.27	HOLD
BLT	Integrated Mining	LONG	13.36	0.15	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	41.08	0.61	HOLD
CEC	Food Retail & Distribution - NEC	LONG	54.23	-1.40	HOLD
CEF	Investment Trusts	SHORT	13.56	-1.09	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	42.50	0.78	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.11	-0.07	HOLD
DVN	Integrated Oil & Gas	SHORT	60.42	1.24	HOLD
GG	Integrated Mining	SHORT	23.13	-2.03	HOLD
HSBC	Commercial Banks	SHORT	55.75	0.04	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.65	-0.27	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.18	-0.07	HOLD
KRNY	Commercial Banks	SHORT	12.10	0.58	HOLD
LNG	Natural Gas Pipeline	SHORT	45.61	0.07	HOLD
MT	Steel - NEC	SHORT	17.13	1.06	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	69.65	0.53	HOLD
MYE	Plastic Container & Packaging	LONG	20.06	-0.99	HOLD
NJR	Natural Gas Distribution	LONG	46.19	-0.30	HOLD
NP	Paper Mills & Products	LONG	43.62	-0.86	HOLD
NVS	Pharmaceuticals - NEC	SHORT	80.79	-0.71	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	9.05	-1.04	HOLD
PSA	Self-Storage REITs	SHORT	155.25	0.14	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.56	1.06	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.21	-0.60	HOLD
SCSS	Furniture	LONG	17.21	1.77	HOLD
SLV	Investment Trusts	SHORT	19.05	-0.63	HOLD
STC	Property Insurance	LONG	34.42	0.17	HOLD
STM	Semiconductors - NEC	SHORT	7.94	1.40	HOLD
TFSL	Banks - NEC	SHORT	11.83	0.42	HOLD
TKC	Wireless Telecom	SHORT	12.82	0.31	HOLD
TMP	Banks - NEC	SHORT	49.67	-0.30	HOLD
V	Business Support Services - NEC	SHORT	233.23	0.56	HOLD
VALE	Steel - NEC	SHORT	13.54	2.03	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.59	0.68	HOLD
WNC	Heavy Trucks	LONG	14.03	0.86	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.25
SHORTS				0.25
TOTAL				-0.50
S&P 500				0.12
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1313.16	307.22	-39.58	0.49	3.78
S&P 500	48.30	5.50	-18.61	2.65	0.78

22-Jan-2014 Daily positions

Pre Opening Longs: ACCO, ALJ, AVA, AVD, BLT, CEC, DENN, KOP, MYE, NJR, NP,
OMX, PDLI, PZZA, SAH, SCSS, STC, WNC
Pre Opening Shorts: BAC, BHP, CCL, CEF, CUK, DVN, GG, HSBC, ISBC, KRNY,
LNG, MT, MWE, NVS, PSA, ROMA, SLV, STM, TFSL, TKC, TMP, V, VALE, WES

21-Jan-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACCO	Business Support Supplies - NEC	LONG	6.82	2.40	HOLD
ALJ	Petroleum Refining	LONG	16.06	1.04	HOLD
AVA	Multiline Utilities - NEC	LONG	28.51	0.81	HOLD
AVD	Agricultural Chemicals - NEC	LONG	24.41	1.03	HOLD
BAC	Banks - NEC	SHORT	17.00	-0.08	HOLD
BHP	Integrated Mining	SHORT	66.30	-1.12	HOLD
BLT	Integrated Mining	LONG	13.35	0.53	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.83	-1.28	SHORT
CEC	Food Retail & Distribution - NEC	LONG	54.88	0.19	HOLD
CEF	Investment Trusts	SHORT	13.71	-0.80	HOLD
CUK	Hotels, Motels & Cruise Lines - NEC	SHORT	42.17	-0.33	HOLD
DENN	Restaurants & Bars - NEC	LONG	7.11	-0.14	HOLD
DVN	Integrated Oil & Gas	SHORT	59.68	1.14	SHORT
ESI	Educational Services	LONG	45.40	0.29	SELL
GG	Integrated Mining	SHORT	23.61	1.90	HOLD
HSBC	Commercial Banks	SHORT	55.73	0.14	HOLD
ISBC	Retail & Mortgage Banks	SHORT	25.72	0.86	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.16	0.94	HOLD
KRNY	Commercial Banks	SHORT	11.94	2.10	HOLD
LNG	Natural Gas Pipeline	SHORT	45.58	-0.76	HOLD
MT	Steel - NEC	SHORT	16.96	-2.36	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	69.28	1.26	HOLD
MYE	Plastic Container & Packaging	LONG	20.27	1.40	HOLD
NJR	Natural Gas Distribution	LONG	46.33	1.05	HOLD
NP	Paper Mills & Products	LONG	44.00	0.25	HOLD
NVS	Pharmaceuticals - NEC	SHORT	81.37	0.23	HOLD
OMX	Office Supplies Wholesale	LONG	15.26	0.00	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	9.14	1.90	HOLD
PSA	Self-Storage REITs	SHORT	155.03	0.04	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.05	1.20	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.35	0.99	HOLD
SCSS	Furniture	LONG	16.91	3.49	HOLD
SLV	Investment Trusts	SHORT	19.17	-1.74	HOLD
STC	Property Insurance	LONG	34.36	2.87	HOLD
STM	Semiconductors - NEC	SHORT	7.83	1.03	HOLD
TFSL	Banks - NEC	SHORT	11.78	0.00	HOLD
TKC	Wireless Telecom	SHORT	12.78	0.79	HOLD
TMP	Banks - NEC	SHORT	49.82	1.34	HOLD
TS	Construction & Engineering - NEC	SHORT	45.09	1.92	COVER
V	Business Support Services - NEC	SHORT	232.06	-0.05	HOLD
VALE	Steel - NEC	SHORT	13.25	-3.92	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	60.18	0.33	HOLD
WNC	Heavy Trucks	LONG	13.91	1.83	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.16
SHORTS				0.03
TOTAL				1.13
S&P 500				0.30
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1319.12	308.20	-39.58	0.49	3.80
S&P 500	48.11	5.50	-18.61	2.64	0.78

21-Jan-2014 Daily positions

Pre Opening Longs: ACCO, ALJ, AVA, AVD, BLT, CEC, DENN, ESI, KOP, MYE, NJR,
NP, OMX, PDLI, PZZA, SAH, SCSS, STC, WNC
Pre Opening Shorts: BAC, BHP, CEF, CUK, GG, HSBC, ISBC, KRNY, LNG, MT, MWE,
NVS, PSA, ROMA, SLV, STM, TFSL, TKC, TMP, TS, V, VALE, WES