14-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	14.70	1.31	HOLD
ANN	Women's Apparel Retailers	LONG	33.36	-0.39	HOLD
AVA	Multiline Utilities - NEC	LONG	29.82	0.68	HOLD
AVB	Residential REITs	SHORT	128.89	0.43	HOLD
BIG	Discount Stores - NEC	LONG	26.41	-0.56	HOLD
BLT	Integrated Mining	LONG	12.54	2.28	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.74	1.23	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.64	-0.60	HOLD
DVN	Integrated Oil & Gas	SHORT	61.99	-0.45	HOLD
EQR	Residential REITs	SHORT	58.58	0.48	HOLD
GG	Gold - NEC	SHORT	27.55	2.11	HOLD
GPRE	Industrial Gas	LONG	24.45	-1.01	HOLD
KOP	Commodity Chemicals - NEC	LONG	36.93	-2.59	HOLD
KRNY	Commercial Banks	SHORT	11.81	-0.30	HOLD
LNG	Natural Gas Pipeline	SHORT	46.84	-0.09	HOLD
MT	Steel - NEC	SHORT	16.75	0.00	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	30.13	0.27	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	72.53	0.14	HOLD
MYE	Plastic Container & Packaging	LONG	19.72	0.15	HOLD
NJR	Natural Gas Distribution	LONG	45.07	0.13	HOLD
NP	Paper Mills & Products	LONG	44.80	-0.11	HOLD
NVS	Pharmaceuticals - NEC	SHORT	82.86	0.71	HOLD
O	Commercial REITs - NEC	SHORT	41.72	0.58	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.43	0.60	HOLD
PLD	Industrial REITs	SHORT	40.67	-0.39	HOLD
PSA	Self-Storage REITs	SHORT	165.75	0.75	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.31	-0.02	HOLD
BBRY	Phones & Handheld Devices - NEC	SHORT	8.98	-3.65	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	22.05	1.99	HOLD
SCSS	Furniture	LONG	17.61	1.91	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	162.96	3.32	HOLD
SLV	Investment Trusts	SHORT	20.64	4.53	HOLD
STM	Semiconductors - NEC	SHORT	8.47	1.32	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.52	-2.88	HOLD
VMW	IT Services & Consulting - NEC	SHORT	95.20	1.58	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	62.56	0.92	HOLD
WNC	Heavy Trucks	LONG	13.01	0.70	HOLD
WNR	Petroleum Refining	LONG	38.34	1.51	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.18
SHORTS				0.66
TOTAL				-0.48
S&P 500				0.54
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	117293705.37	43025201.75	-18.18	0.00	608.51
S&P 500	47.96	5.66	-18.61	2.50	0.76

14-Feb-2014 Daily positions

Pre Opening Longs: ALJ, ANN, AVA, BIG, BLT, DENN, GPRE, KOP, MTRX, MYE,
NJR, NP, PDLI, PZZA, SAH, SCSS, TWI, WNC, WNR
Pre Opening Shorts: AVB, BBRY, CCL, DVN, EQR, GG, KRNY, LNG, MT, MWE, NVS,
O, PLD, PSA, ROMA, SHPG, SLV, STM, VMW, WES

13-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	14.51	2.04	HOLD
ANN	Women's Apparel Retailers	LONG	33.49	1.52	HOLD
AVA	Multiline Utilities - NEC	LONG	29.62	1.54	HOLD
AVB	Residential REITs	SHORT	128.34	-0.40	HOLD
BIG	Discount Stores - NEC	LONG	26.56	1.14	HOLD
BLT	Integrated Mining	LONG	12.26	0.00	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.24	-0.40	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.68	0.00	HOLD
DVN	Integrated Oil & Gas	SHORT	62.27	1.78	HOLD
EQR	Residential REITs	SHORT	58.30	0.15	HOLD
GG	Gold - NEC	SHORT	26.98	3.61	HOLD
GPRE	Industrial Gas	LONG	24.70	1.69	HOLD
KOP	Commodity Chemicals - NEC	LONG	37.97	1.88	HOLD
KRNY	Commercial Banks	SHORT	11.84	2.87	HOLD
LNG	Natural Gas Pipeline	SHORT	46.88	2.27	HOLD
MT	Steel - NEC	SHORT	16.75	1.27	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	30.05	0.07	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	72.43	2.24	HOLD
MYE	Plastic Container & Packaging	LONG	19.69	0.92	HOLD
NJR	Natural Gas Distribution	LONG	45.01	1.53	HOLD
NP	Paper Mills & Products	LONG	44.85	0.72	HOLD
NVS	Pharmaceuticals - NEC	SHORT	82.28	0.50	HOLD
O	Commercial REITs - NEC	SHORT	41.48	0.70	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.38	1.58	HOLD
PLD	Industrial REITs	SHORT	40.83	0.29	HOLD
PSA	Self-Storage REITs	SHORT	164.52	0.62	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.32	1.28	HOLD
BBRY	Phones & Handheld Devices - NEC	SHORT	9.32	-3.72	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	21.62	1.36	HOLD
SCSS	Furniture	LONG	17.28	1.23	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	157.73	1.06	HOLD
SLV	Investment Trusts	SHORT	19.75	1.65	HOLD
STM	Semiconductors - NEC	SHORT	8.36	0.36	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	18.04	4.34	HOLD
VMW	IT Services & Consulting - NEC	SHORT	93.72	0.20	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	61.99	0.21	HOLD
WNC	Heavy Trucks	LONG	12.92	2.13	HOLD
WNR	Petroleum Refining	LONG	37.77	-0.79	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.27
SHORTS				0.76
TOTAL				0.51
S&P 500				0.52
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	117771905.03	42980690.80	-18.18	0.00	613.28
S&P 500	47.17	5.73	-18.61	2.43	0.75

13-Feb-2014 Daily positions

Pre Opening Longs: ALJ, ANN, AVA, BIG, BLT, DENN, GPRE, KOP, MTRX, MYE,
NJR, NP, PDLI, PZZA, SAH, SCSS, TWI, WNC, WNR
Pre Opening Shorts: AVB, BBRY, CCL, DVN, EQR, GG, KRNY, LNG, MT, MWE, NVS,
O, PLD, PSA, ROMA, SHPG, SLV, STM, VMW, WES

12-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	14.22	1.35	HOLD
ANN	Women's Apparel Retailers	LONG	32.99	-0.99	HOLD
AVA	Multiline Utilities - NEC	LONG	29.17	0.38	HOLD
AVB	Residential REITs	SHORT	128.86	-0.61	HOLD
BIG	Discount Stores - NEC	LONG	26.98	-0.99	HOLD
BLT	Integrated Mining	LONG	12.25	-1.21	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.40	0.30	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.74	-0.30	HOLD
DVN	Integrated Oil & Gas	SHORT	61.49	-0.08	HOLD
EQR	Residential REITs	SHORT	57.96	-0.12	HOLD
GG	Gold - NEC	SHORT	26.04	-2.65	HOLD
GPRE	Industrial Gas	LONG	24.29	2.62	HOLD
KOP	Commodity Chemicals - NEC	LONG	37.58	-1.11	HOLD
KRNY	Commercial Banks	SHORT	11.51	-0.43	HOLD
LNG	Natural Gas Pipeline	SHORT	45.84	2.18	HOLD
MT	Steel - NEC	SHORT	16.64	0.06	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	30.03	-2.28	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	70.84	0.41	HOLD
MYE	Plastic Container & Packaging	LONG	19.51	-0.71	HOLD
NJR	Natural Gas Distribution	LONG	44.33	0.11	HOLD
NP	Paper Mills & Products	LONG	44.53	0.98	HOLD
NVS	Pharmaceuticals - NEC	SHORT	81.87	1.25	HOLD
O	Commercial REITs - NEC	SHORT	41.19	0.41	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.31	-0.12	HOLD
PLD	Industrial REITs	SHORT	40.71	0.22	HOLD
PSA	Self-Storage REITs	SHORT	163.51	0.08	HOLD
PZZA	Restaurants & Bars - NEC	LONG	47.71	-0.19	HOLD
BBRY	Phones & Handheld Devices - NEC	SHORT	9.68	-1.22	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	21.33	-0.28	HOLD
SCSS	Furniture	LONG	17.07	1.07	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	156.08	0.22	HOLD
SLV	Investment Trusts	SHORT	19.58	0.67	HOLD
STM	Semiconductors - NEC	SHORT	8.39	-0.47	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.29	1.41	HOLD
VMW	IT Services & Consulting - NEC	SHORT	93.72	0.71	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	61.86	0.39	HOLD
WNC	Heavy Trucks	LONG	12.65	0.80	HOLD
WNR	Petroleum Refining	LONG	38.07	1.71	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.12
SHORTS				0.07
TOTAL				0.05
S&P 500				0.13
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	117333027.06	42947613.45	-18.18	0.00	616.46
S&P 500	46.53	5.79	-18.61	2.38	0.74

12-Feb-2014 Daily positions

Pre Opening Longs: ALJ, ANN, AVA, BIG, BLT, DENN, GPRE, KOP, MTRX, MYE,
NJR, NP, PDLI, PZZA, SAH, SCSS, TWI, WNC, WNR
Pre Opening Shorts: AVB, BBRY, CCL, DVN, EQR, GG, KRNY, LNG, MT, MWE, NVS,
O, PLD, PSA, ROMA, SHPG, SLV, STM, VMW, WES

11-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACCO	Business Support Supplies - NEC	LONG	5.84	1.57	SELL
ALJ	Petroleum Refining	LONG	14.03	2.18	HOLD
ANN	Women's Apparel Retailers	LONG	33.32	1.09	HOLD
AVA	Multiline Utilities - NEC	LONG	29.06	1.54	HOLD
AVB	Residential REITs	SHORT	129.65	0.25	HOLD
BHP	Integrated Mining	SHORT	67.22	2.85	COVER
BIG	Discount Stores - NEC	LONG	27.25	2.75	BUY
BLT	Integrated Mining	LONG	12.40	-1.51	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.28	-0.07	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.76	3.36	HOLD
DVN	Integrated Oil & Gas	SHORT	61.54	1.22	HOLD
EQR	Residential REITs	SHORT	58.03	0.75	HOLD
GG	Gold - NEC	SHORT	26.75	2.88	HOLD
GPRE	Industrial Gas	LONG	23.67	1.94	HOLD
KOP	Commodity Chemicals - NEC	LONG	38.00	0.56	HOLD
KRNY	Commercial Banks	SHORT	11.56	4.52	HOLD
LNG	Natural Gas Pipeline	SHORT	44.86	5.93	HOLD
MT	Steel - NEC	SHORT	16.63	1.53	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	30.73	0.69	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	70.55	0.97	HOLD
MYE	Plastic Container & Packaging	LONG	19.65	0.41	HOLD
NJR	Natural Gas Distribution	LONG	44.28	0.23	HOLD
NP	Paper Mills & Products	LONG	44.34	2.31	HOLD
NVS	Pharmaceuticals - NEC	SHORT	80.86	0.32	HOLD
O	Commercial REITs - NEC	SHORT	41.02	0.07	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.32	0.24	HOLD
PLD	Industrial REITs	SHORT	40.62	0.69	HOLD
PSA	Self-Storage REITs	SHORT	163.38	0.82	HOLD
PZZA	Restaurants & Bars - NEC	LONG	47.80	0.82	HOLD
BBRY	Phones & Handheld Devices - NEC	SHORT	9.80	-0.71	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	21.39	-1.75	HOLD
SCSS	Furniture	LONG	16.89	-0.30	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	155.74	0.06	SHORT
SLV	Investment Trusts	SHORT	19.44	0.78	HOLD
STM	Semiconductors - NEC	SHORT	8.43	1.08	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.05	1.13	BUY
VMW	IT Services & Consulting - NEC	SHORT	93.06	-0.01	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	61.62	0.57	HOLD
WNC	Heavy Trucks	LONG	12.55	1.62	HOLD
WNR	Petroleum Refining	LONG	37.43	3.11	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.01
SHORTS				1.22
TOTAL				-0.22
S&P 500				1.09
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	117252443.42	42909289.71	-18.18	0.00	620.32
S&P 500	46.34	5.80	-18.61	2.37	0.74

11-Feb-2014 Daily positions

Pre Opening Longs: ACCO, ALJ, ANN, AVA, BLT, DENN, GPRE, KOP, MTRX, MYE,
NJR, NP, PDLI, PZZA, SAH, SCSS, WNC, WNR
Pre Opening Shorts: AVB, BBRY, BHP, CCL, DVN, EQR, GG, KRNY, LNG, MT, MWE,
NVS, O, PLD, PSA, ROMA, SLV, STM, VMW, WES

10-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACCO	Business Support Supplies - NEC	LONG	5.75	0.17	HOLD
ALJ	Petroleum Refining	LONG	13.73	-1.51	HOLD
ANN	Women's Apparel Retailers	LONG	32.96	-1.35	HOLD
AVA	Multiline Utilities - NEC	LONG	28.62	1.20	HOLD
AVB	Residential REITs	SHORT	129.33	1.19	HOLD
BHP	Integrated Mining	SHORT	65.36	-0.44	HOLD
BLT	Integrated Mining	LONG	12.59	0.88	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.31	1.00	HOLD
CEC	Food Retail & Distribution - NEC	LONG	53.98	0.04	SELL
DENN	Restaurants & Bars - NEC	LONG	6.54	2.35	HOLD
DVN	Integrated Oil & Gas	SHORT	60.80	-0.36	HOLD
EQR	Residential REITs	SHORT	57.60	1.28	HOLD
GG	Gold - NEC	SHORT	26.05	2.00	HOLD
GPRE	Industrial Gas	LONG	23.22	1.49	HOLD
KOP	Commodity Chemicals - NEC	LONG	37.80	-0.81	HOLD
KRNY	Commercial Banks	SHORT	11.06	-0.36	HOLD
LNG	Natural Gas Pipeline	SHORT	42.35	1.17	HOLD
MT	Steel - NEC	SHORT	16.38	-5.15	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	30.52	-0.81	BUY
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	69.89	0.90	HOLD
MYE	Plastic Container & Packaging	LONG	19.57	-0.61	HOLD
NJR	Natural Gas Distribution	LONG	44.18	-1.05	HOLD
NP	Paper Mills & Products	LONG	43.34	-0.16	HOLD
NVS	Pharmaceuticals - NEC	SHORT	80.60	-0.40	HOLD
O	Commercial REITs - NEC	SHORT	40.99	1.06	SHORT
PDLI	Biotechnology & Medical Research - NEC	LONG	8.30	-1.07	HOLD
PLD	Industrial REITs	SHORT	40.35	1.05	HOLD
PSA	Self-Storage REITs	SHORT	162.05	1.12	HOLD
PZZA	Restaurants & Bars - NEC	LONG	47.41	0.11	HOLD
BBRY	Phones & Handheld Devices - NEC	SHORT	9.87	0.41	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	21.77	-1.72	HOLD
SCSS	Furniture	LONG	16.94	1.74	HOLD
SLV	Investment Trusts	SHORT	19.29	0.10	HOLD
STC	Property Insurance	LONG	31.11	0.48	SELL
STM	Semiconductors - NEC	SHORT	8.34	1.52	HOLD
TMP	Banks - NEC	SHORT	45.59	-0.22	COVER
VMW	IT Services & Consulting - NEC	SHORT	93.07	1.47	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	61.27	0.66	HOLD
WNC	Heavy Trucks	LONG	12.35	0.98	HOLD
WNR	Petroleum Refining	LONG	36.30	-2.63	BUY
TODAY SUMMARY				GAINS(%)
LONGS				0.06
SHORTS				0.35
TOTAL				-0.28
S&P 500				0.18
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	117608501.04	42853064.28	-18.18	0.00	624.98
S&P 500	44.76	5.99	-18.61	2.23	0.72

10-Feb-2014 Daily positions

Pre Opening Longs: ACCO, ALJ, ANN, AVA, BLT, CEC, DENN, GPRE, KOP, MYE,
NJR, NP, PDLI, PZZA, SAH, SCSS, STC, WNC
Pre Opening Shorts: AVB, BBRY, BHP, CCL, DVN, EQR, GG, KRNY, LNG, MT, MWE,
NVS, PLD, PSA, ROMA, SLV, STM, TMP, VMW, WES