28-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	13.39	-1.47	HOLD
ANN	Women's Apparel Retailers	LONG	35.65	-1.93	HOLD
AVB	Residential REITs	SHORT	128.97	1.31	HOLD
BIG	Discount Stores - NEC	LONG	29.55	0.37	HOLD
BLT	Integrated Mining	LONG	12.28	0.66	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	39.66	-1.95	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.80	0.44	HOLD
DVN	Integrated Oil & Gas	SHORT	64.42	0.17	HOLD
EQR	Residential REITs	SHORT	58.47	0.19	HOLD
GG	Gold - NEC	SHORT	26.93	-0.52	HOLD
GPI	New Car Dealers	LONG	66.76	-0.95	BUY
GPRE	Industrial Gas	LONG	26.43	1.61	HOLD
KOP	Commodity Chemicals - NEC	LONG	39.54	0.89	HOLD
KRNY	Commercial Banks	SHORT	12.58	3.37	HOLD
LNG	Natural Gas Pipeline	SHORT	49.50	-0.14	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.37	0.65	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	63.85	-5.06	HOLD
MYE	Plastic Container & Packaging	LONG	21.50	0.75	HOLD
NJR	Natural Gas Distribution	LONG	45.01	0.24	HOLD
NP	Paper Mills & Products	LONG	50.21	0.22	SELL
NVS	Pharmaceuticals - NEC	SHORT	83.18	0.76	HOLD
O	Commercial REITs - NEC	SHORT	44.42	0.00	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.57	-2.83	HOLD
PLD	Industrial REITs	SHORT	41.24	0.84	HOLD
PSA	Self-Storage REITs	SHORT	169.00	1.48	HOLD
PZZA	Restaurants & Bars - NEC	LONG	50.90	0.61	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SCSS	Furniture	LONG	18.06	-0.11	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	165.15	-3.51	HOLD
SLV	Investment Trusts	SHORT	20.35	-0.54	HOLD
STM	Semiconductors - NEC	SHORT	9.03	1.69	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	18.96	4.98	HOLD
VMW	IT Services & Consulting - NEC	SHORT	96.05	-1.77	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	63.29	1.95	HOLD
WNC	Heavy Trucks	LONG	13.51	0.75	HOLD
WNR	Petroleum Refining	LONG	36.45	-2.72	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.18
SHORTS				-0.10
TOTAL				0.28
S&P 500				0.24
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	120891269.59	43225226.22	-18.34	0.00	575.26
S&P 500	49.79	5.58	-18.61	2.58	0.77

28-Feb-2014 Daily positions

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

27-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	13.63	-5.41	HOLD
ANN	Women's Apparel Retailers	LONG	36.30	0.28	HOLD
AVB	Residential REITs	SHORT	127.30	-0.88	HOLD
BIG	Discount Stores - NEC	LONG	29.44	0.72	HOLD
BLT	Integrated Mining	LONG	12.20	0.00	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.45	0.57	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.77	1.20	HOLD
DVN	Integrated Oil & Gas	SHORT	64.31	0.91	HOLD
EQR	Residential REITs	SHORT	58.36	-0.36	HOLD
GG	Gold - NEC	SHORT	27.07	-0.15	HOLD
GPRE	Industrial Gas	LONG	26.01	0.62	HOLD
KOP	Commodity Chemicals - NEC	LONG	39.14	0.77	HOLD
KRNY	Commercial Banks	SHORT	12.13	-0.25	HOLD
LNG	Natural Gas Pipeline	SHORT	49.57	-0.04	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.19	1.63	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	67.20	-3.24	HOLD
MYE	Plastic Container & Packaging	LONG	21.30	-0.51	HOLD
NJR	Natural Gas Distribution	LONG	44.76	-0.52	HOLD
NP	Paper Mills & Products	LONG	49.90	-0.76	HOLD
NVS	Pharmaceuticals - NEC	SHORT	82.55	2.30	HOLD
O	Commercial REITs - NEC	SHORT	44.42	0.23	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.82	-0.11	HOLD
PLD	Industrial REITs	SHORT	40.90	-0.29	HOLD
PSA	Self-Storage REITs	SHORT	166.54	-0.34	HOLD
PZZA	Restaurants & Bars - NEC	LONG	50.59	-1.65	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SCSS	Furniture	LONG	18.08	-2.32	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	171.15	1.09	HOLD
SLV	Investment Trusts	SHORT	20.47	0.24	HOLD
STM	Semiconductors - NEC	SHORT	8.88	0.11	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	18.06	1.01	HOLD
VMW	IT Services & Consulting - NEC	SHORT	97.78	0.09	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	62.08	-0.29	HOLD
WNC	Heavy Trucks	LONG	13.38	-2.48	HOLD
WNR	Petroleum Refining	LONG	37.39	-4.54	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.71
SHORTS				-0.02
TOTAL				-0.70
S&P 500				0.52
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	120534600.15	43198391.95	-18.34	0.00	578.39
S&P 500	49.43	5.60	-18.61	2.56	0.77

27-Feb-2014 Daily positions

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

26-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	14.41	-0.59	HOLD
ANN	Women's Apparel Retailers	LONG	36.20	3.43	HOLD
AVB	Residential REITs	SHORT	128.43	-0.62	HOLD
BIG	Discount Stores - NEC	LONG	29.23	2.89	HOLD
BLT	Integrated Mining	LONG	12.20	-0.57	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.22	0.35	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.68	2.14	HOLD
DVN	Integrated Oil & Gas	SHORT	63.81	-0.16	HOLD
EQR	Residential REITs	SHORT	58.57	-0.37	HOLD
GG	Gold - NEC	SHORT	27.11	-0.51	HOLD
GPRE	Industrial Gas	LONG	25.85	0.00	HOLD
KOP	Commodity Chemicals - NEC	LONG	38.77	0.81	HOLD
KRNY	Commercial Banks	SHORT	12.13	1.51	HOLD
LNG	Natural Gas Pipeline	SHORT	49.59	-0.62	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	31.68	0.13	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	69.40	1.98	HOLD
MYE	Plastic Container & Packaging	LONG	21.10	5.61	HOLD
NJR	Natural Gas Distribution	LONG	44.89	0.38	HOLD
NP	Paper Mills & Products	LONG	50.24	2.61	HOLD
NVS	Pharmaceuticals - NEC	SHORT	83.41	-0.47	HOLD
O	Commercial REITs - NEC	SHORT	44.50	0.23	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.83	0.23	HOLD
PLD	Industrial REITs	SHORT	41.00	0.22	HOLD
PSA	Self-Storage REITs	SHORT	167.04	-0.37	HOLD
PZZA	Restaurants & Bars - NEC	LONG	51.44	5.87	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	24.12	2.55	SELL
SCSS	Furniture	LONG	18.43	3.89	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	169.31	-0.14	HOLD
SLV	Investment Trusts	SHORT	20.41	-2.93	HOLD
STM	Semiconductors - NEC	SHORT	8.86	4.48	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.84	1.59	HOLD
VMW	IT Services & Consulting - NEC	SHORT	97.69	1.50	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	62.26	0.34	HOLD
WNC	Heavy Trucks	LONG	13.72	1.03	HOLD
WNR	Petroleum Refining	LONG	39.17	-3.00	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.61
SHORTS				0.25
TOTAL				1.37
S&P 500				-0.01
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	121132350.31	43164422.28	-18.34	0.00	583.02
S&P 500	48.64	5.67	-18.61	2.50	0.76

26-Feb-2014 Daily positions

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

25-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	14.56	0.55	HOLD
ANN	Women's Apparel Retailers	LONG	35.00	1.80	HOLD
AVB	Residential REITs	SHORT	129.23	0.01	HOLD
BIG	Discount Stores - NEC	LONG	28.41	1.43	HOLD
BLT	Integrated Mining	LONG	12.27	-0.24	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.08	0.98	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.54	0.46	HOLD
DVN	Integrated Oil & Gas	SHORT	63.91	-0.71	HOLD
EQR	Residential REITs	SHORT	58.79	0.41	HOLD
GG	Gold - NEC	SHORT	27.25	-1.38	HOLD
GPRE	Industrial Gas	LONG	25.85	1.37	HOLD
KOP	Commodity Chemicals - NEC	LONG	38.46	0.68	HOLD
KRNY	Commercial Banks	SHORT	11.95	0.50	HOLD
LNG	Natural Gas Pipeline	SHORT	49.90	-0.20	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	31.64	-0.60	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	68.05	-2.92	HOLD
MYE	Plastic Container & Packaging	LONG	19.98	0.50	HOLD
NJR	Natural Gas Distribution	LONG	44.72	-0.47	HOLD
NP	Paper Mills & Products	LONG	48.96	0.97	HOLD
NVS	Pharmaceuticals - NEC	SHORT	83.80	0.34	HOLD
O	Commercial REITs - NEC	SHORT	44.40	1.09	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.81	0.11	HOLD
PLD	Industrial REITs	SHORT	40.91	0.54	HOLD
PSA	Self-Storage REITs	SHORT	167.66	0.58	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.59	1.27	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.52	1.95	HOLD
SCSS	Furniture	LONG	17.74	-0.50	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	169.55	0.30	HOLD
SLV	Investment Trusts	SHORT	21.03	-0.71	HOLD
STM	Semiconductors - NEC	SHORT	8.48	0.36	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.56	1.09	HOLD
VMW	IT Services & Consulting - NEC	SHORT	96.25	-0.46	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	62.05	0.58	HOLD
WNC	Heavy Trucks	LONG	13.58	0.89	HOLD
WNR	Petroleum Refining	LONG	40.38	1.82	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.73
SHORTS				-0.04
TOTAL				0.77
S&P 500				-0.06
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	119357292.28	43148273.70	-18.34	0.00	583.80
S&P 500	48.61	5.66	-18.61	2.50	0.76

24-Feb-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ALJ	Petroleum Refining	LONG	14.46	1.33	HOLD
ANN	Women's Apparel Retailers	LONG	34.43	0.88	HOLD
AVB	Residential REITs	SHORT	129.22	0.44	HOLD
BIG	Discount Stores - NEC	LONG	28.01	2.38	HOLD
BLT	Integrated Mining	LONG	12.30	-0.81	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	39.69	0.68	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.51	0.39	HOLD
DVN	Integrated Oil & Gas	SHORT	64.42	1.18	HOLD
EQR	Residential REITs	SHORT	58.55	-0.27	HOLD
GG	Gold - NEC	SHORT	27.63	0.11	HOLD
GPRE	Industrial Gas	LONG	25.50	-0.89	HOLD
KOP	Commodity Chemicals - NEC	LONG	38.20	1.17	HOLD
KRNY	Commercial Banks	SHORT	11.89	0.25	HOLD
LNG	Natural Gas Pipeline	SHORT	50.00	3.28	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	31.90	-0.44	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	70.13	-0.50	HOLD
MYE	Plastic Container & Packaging	LONG	19.89	0.86	HOLD
NJR	Natural Gas Distribution	LONG	45.04	-0.75	HOLD
NP	Paper Mills & Products	LONG	48.27	-0.21	HOLD
NVS	Pharmaceuticals - NEC	SHORT	83.64	1.20	HOLD
O	Commercial REITs - NEC	SHORT	43.96	1.26	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.80	1.38	HOLD
PLD	Industrial REITs	SHORT	40.72	0.27	HOLD
PSA	Self-Storage REITs	SHORT	166.84	0.24	HOLD
PZZA	Restaurants & Bars - NEC	LONG	48.02	0.76	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SAH	Auto Vehicles, Parts & Service Retailers - NEC	LONG	23.07	0.79	HOLD
SCSS	Furniture	LONG	17.86	0.31	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	169.04	0.58	HOLD
SLV	Investment Trusts	SHORT	21.17	0.95	HOLD
STM	Semiconductors - NEC	SHORT	8.45	1.68	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.37	1.40	HOLD
VMW	IT Services & Consulting - NEC	SHORT	96.69	0.29	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	61.69	0.29	HOLD
WNC	Heavy Trucks	LONG	13.46	1.89	HOLD
WNR	Petroleum Refining	LONG	39.66	1.74	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.68
SHORTS				0.66
TOTAL				0.01
S&P 500				0.77
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	118490049.97	43123271.90	-18.34	0.00	586.07
S&P 500	49.02	5.61	-18.61	2.55	0.77

24-Feb-2014 Daily positions

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