17-Apr-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	42.30	-8.44	HOLD
ALJ	Petroleum Refining	LONG	15.74	2.61	HOLD
ANN	Women's Apparel Retailers	LONG	40.00	-0.05	HOLD
AUY	Integrated Mining	SHORT	7.96	-0.75	HOLD
AVB	Residential REITs	SHORT	133.64	-1.15	HOLD
BIG		LONG	38.72	-0.51	HOLD
BLT	Integrated Mining	LONG	11.67	0.43	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	37.32	2.13	HOLD
OUTR	Consumer Goods Rental	LONG	65.52	0.00	HOLD
DEI	Commercial REITs - NEC	SHORT	27.30	-0.26	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.36	1.44	HOLD
DVN	Oil & Gas Exploration and Production - NEC	SHORT	70.70	1.20	HOLD
EQR	Residential REITs	SHORT	57.50	-1.59	HOLD
GG	Gold - NEC	SHORT	23.60	-0.88	HOLD
GPI	New Car Dealers	LONG	64.09	1.78	HOLD
GPRE	Industrial Gas	LONG	28.95	-0.24	HOLD
HTS	Mortgage REITs	SHORT	19.62	0.05	HOLD
KOP	Commodity Chemicals - NEC	LONG	44.98	-0.60	HOLD
KRNY	Commercial Banks	SHORT	14.50	0.49	HOLD
LAD	New Car Dealers	LONG	68.36	1.26	HOLD
LNG	Natural Gas Pipeline	SHORT	55.28	0.82	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.95	0.76	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	64.87	1.84	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.99	1.52	HOLD
NVS	Pharmaceuticals - NEC	SHORT	84.67	0.31	HOLD
O	Commercial REITs - NEC	SHORT	41.89	-2.08	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.41	1.94	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.84	-1.44	HOLD
PLD	Industrial REITs	SHORT	41.29	0.95	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	147.36	0.40	HOLD
SLV	Investment Trusts	SHORT	18.88	0.00	HOLD
SNN	Medical Devices & Implants	SHORT	73.26	0.71	HOLD
SNX	Computer Peripherals	LONG	69.87	0.40	HOLD
STM	Semiconductors - NEC	SHORT	8.88	1.49	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	14.20	-1.32	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.50	0.52	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	67.44	0.30	HOLD
WNR	Petroleum Refining	LONG	41.27	3.25	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.17
SHORTS				0.20
TOTAL				-0.02
S&P 500				0.14
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	114888997879294710000000.00	43129908918171921000000.00	-20.17	0.00	25755322.73
S&P 500	49.89	6.04	-18.61	2.28	0.74

17-Apr-2014 Daily positions

Pre Opening Longs: ACAT, ALJ, ANN, BIG, BLT, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PDLI, PIR, SNX, SWHC, TWI, WNR
Pre Opening Shorts: AUY, AVB, CCL, DEI, DVN, EQR, GG, HTS, KRNY, LNG, MWE,
NVS, O, PLD, ROMA, SHPG, SLV, SNN, STM, WES

16-Apr-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	46.20	2.35	HOLD
ALJ	Petroleum Refining	LONG	15.34	4.85	HOLD
ANN	Women's Apparel Retailers	LONG	40.02	-0.20	HOLD
AUY	Integrated Mining	SHORT	8.02	-4.30	HOLD
AVB	Residential REITs	SHORT	135.20	0.48	HOLD
BIG		LONG	38.92	0.96	HOLD
BLT	Integrated Mining	LONG	11.62	1.31	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	36.54	0.88	HOLD
OUTR	Consumer Goods Rental	LONG	65.52	0.48	HOLD
DEI	Commercial REITs - NEC	SHORT	27.37	2.74	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.27	0.00	HOLD
DVN	Oil & Gas Exploration and Production - NEC	SHORT	69.86	1.72	HOLD
EQR	Residential REITs	SHORT	58.43	0.72	HOLD
GG	Gold - NEC	SHORT	23.81	0.42	HOLD
GPI	New Car Dealers	LONG	62.97	-0.24	HOLD
GPRE	Industrial Gas	LONG	29.02	4.31	HOLD
HTS	Mortgage REITs	SHORT	19.61	-0.41	HOLD
KOP	Commodity Chemicals - NEC	LONG	45.25	3.29	HOLD
KRNY	Commercial Banks	SHORT	14.43	-1.03	HOLD
LAD	New Car Dealers	LONG	67.51	0.76	HOLD
LNG	Natural Gas Pipeline	SHORT	54.83	1.01	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.70	2.06	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	63.70	0.62	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.81	1.29	HOLD
NVS	Pharmaceuticals - NEC	SHORT	84.41	0.74	HOLD
O	Commercial REITs - NEC	SHORT	42.78	0.49	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.25	0.98	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	18.10	-1.58	HOLD
PLD	Industrial REITs	SHORT	40.90	0.47	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	146.78	1.65	HOLD
SLV	Investment Trusts	SHORT	18.88	0.00	HOLD
SNN	Medical Devices & Implants	SHORT	73.59	0.57	HOLD
SNX	Computer Peripherals	LONG	69.59	1.62	HOLD
STM	Semiconductors - NEC	SHORT	8.75	0.57	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	14.39	1.62	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.41	0.35	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	67.24	-0.33	HOLD
WNR	Petroleum Refining	LONG	39.97	3.93	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.48
SHORTS				0.35
TOTAL				1.13
S&P 500				1.05
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	114851883791190820000000.00	43112866543446790000000.00	-20.17	0.00	26266307.02
S&P 500	49.68	6.06	-18.61	2.27	0.74

16-Apr-2014 Daily positions

Pre Opening Longs: ACAT, ALJ, ANN, BIG, BLT, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PDLI, PIR, SNX, SWHC, TWI, WNR
Pre Opening Shorts: AUY, AVB, CCL, DEI, DVN, EQR, GG, HTS, KRNY, LNG, MWE,
NVS, O, PLD, ROMA, SHPG, SLV, SNN, STM, WES

15-Apr-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	45.14	-0.13	HOLD
ALJ	Petroleum Refining	LONG	14.63	1.39	HOLD
ANN	Women's Apparel Retailers	LONG	40.10	3.62	HOLD
AUY	Integrated Mining	SHORT	8.38	-2.22	HOLD
AVB	Residential REITs	SHORT	134.55	0.98	HOLD
BIG		LONG	38.55	0.18	HOLD
BLT	Integrated Mining	LONG	11.47	-0.26	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	36.22	-0.71	HOLD
OUTR	Consumer Goods Rental	LONG	65.21	-0.78	HOLD
DEI	Commercial REITs - NEC	SHORT	26.64	1.25	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.27	-0.48	HOLD
DVN	Oil & Gas Exploration and Production - NEC	SHORT	68.68	1.31	HOLD
EQR	Residential REITs	SHORT	58.01	-0.12	HOLD
GG	Gold - NEC	SHORT	23.71	-2.23	HOLD
GPI	New Car Dealers	LONG	63.12	0.99	HOLD
GPRE	Industrial Gas	LONG	27.82	1.72	HOLD
HTS	Mortgage REITs	SHORT	19.69	0.51	HOLD
KOP	Commodity Chemicals - NEC	LONG	43.81	0.05	HOLD
KRNY	Commercial Banks	SHORT	14.58	0.14	HOLD
LAD	New Car Dealers	LONG	67.00	1.85	HOLD
LNG	Natural Gas Pipeline	SHORT	54.28	-0.79	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.04	0.75	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	63.31	-0.95	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.66	0.78	HOLD
NVS	Pharmaceuticals - NEC	SHORT	83.79	-0.05	HOLD
O	Commercial REITs - NEC	SHORT	42.57	2.75	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.17	0.49	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	18.39	3.37	HOLD
PLD	Industrial REITs	SHORT	40.71	1.52	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	144.40	1.09	HOLD
SLV	Investment Trusts	SHORT	18.88	-1.72	HOLD
SNN	Medical Devices & Implants	SHORT	73.17	-0.77	HOLD
SNX	Computer Peripherals	LONG	68.48	1.09	HOLD
STM	Semiconductors - NEC	SHORT	8.70	1.52	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	14.16	0.35	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.35	-0.91	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	67.46	-1.00	HOLD
WNR	Petroleum Refining	LONG	38.46	2.56	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.88
SHORTS				0.03
TOTAL				0.85
S&P 500				0.69
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	113569941587073420000000.00	43095211355872004000000.00	-20.17	0.00	26695576.34
S&P 500	48.13	6.28	-18.61	2.13	0.72

15-Apr-2014 Daily positions

Pre Opening Longs: ACAT, ALJ, ANN, BIG, BLT, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PDLI, PIR, SNX, SWHC, TWI, WNR
Pre Opening Shorts: AUY, AVB, CCL, DEI, DVN, EQR, GG, HTS, KRNY, LNG, MWE,
NVS, O, PLD, ROMA, SHPG, SLV, SNN, STM, WES

14-Apr-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	45.20	2.73	HOLD
ALJ	Petroleum Refining	LONG	14.43	2.63	HOLD
ANN	Women's Apparel Retailers	LONG	38.70	-1.83	HOLD
AUY	Integrated Mining	SHORT	8.57	0.47	HOLD
AVB	Residential REITs	SHORT	133.25	0.76	HOLD
BIG		LONG	38.48	0.23	HOLD
BLT	Integrated Mining	LONG	11.50	0.52	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	36.48	-1.49	HOLD
OUTR	Consumer Goods Rental	LONG	65.72	-0.95	HOLD
DEI	Commercial REITs - NEC	SHORT	26.31	0.00	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.30	0.64	HOLD
DVN	Oil & Gas Exploration and Production - NEC	SHORT	67.79	0.36	HOLD
EQR	Residential REITs	SHORT	58.08	0.61	HOLD
GG	Gold - NEC	SHORT	24.30	0.87	HOLD
GPI	New Car Dealers	LONG	62.50	2.58	HOLD
GPRE	Industrial Gas	LONG	27.35	-0.18	HOLD
HTS	Mortgage REITs	SHORT	19.59	0.00	HOLD
KOP	Commodity Chemicals - NEC	LONG	43.79	11.17	HOLD
KRNY	Commercial Banks	SHORT	14.56	0.34	HOLD
LAD	New Car Dealers	LONG	65.78	1.59	HOLD
LNG	Natural Gas Pipeline	SHORT	54.71	-2.22	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	31.80	0.76	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	63.92	0.08	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.57	5.18	HOLD
NVS	Pharmaceuticals - NEC	SHORT	83.83	1.40	HOLD
O	Commercial REITs - NEC	SHORT	41.43	0.00	HOLD
PDLI	Biotechnology & Medical Research - NEC	LONG	8.13	1.63	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.79	0.06	HOLD
PLD	Industrial REITs	SHORT	40.10	0.12	HOLD
ROMA	Banks - NEC	SHORT	21.06	0.00	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	142.84	0.01	HOLD
SLV	Investment Trusts	SHORT	19.21	0.10	HOLD
SNN	Medical Devices & Implants	SHORT	73.74	-0.01	HOLD
SNX	Computer Peripherals	LONG	67.74	0.64	HOLD
STM	Semiconductors - NEC	SHORT	8.57	-2.28	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	14.11	1.44	HOLD
TWI	Auto, Truck & Motorcycle Parts - NEC	LONG	17.51	1.92	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	68.14	0.56	HOLD
WNR	Petroleum Refining	LONG	37.50	2.29	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.74
SHORTS				-0.02
TOTAL				1.76
S&P 500				0.79
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	112597063680304900000000.00	43074674639704955000000.00	-20.17	0.00	27155763.31
S&P 500	47.12	6.44	-18.61	2.04	0.71

14-Apr-2014 Daily positions

Pre Opening Longs: ACAT, ALJ, ANN, BIG, BLT, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PDLI, PIR, SNX, SWHC, TWI, WNR
Pre Opening Shorts: AUY, AVB, CCL, DEI, DVN, EQR, GG, HTS, KRNY, LNG, MWE,
NVS, O, PLD, ROMA, SHPG, SLV, SNN, STM, WES