23-May-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	37.27	1.53	HOLD
ANN	Women's Apparel Retailers	LONG	39.00	-0.51	HOLD
APEI	General Education Services	LONG	35.50	0.17	HOLD
AUY	Integrated Mining	SHORT	7.56	0.00	HOLD
BIG		LONG	37.97	0.26	SELL
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	40.02	0.76	HOLD
CORE	Supermarkets & Convenience Stores	LONG	78.56	0.33	HOLD
CPK	Natural Gas Distribution	LONG	65.04	0.85	BUY
OUTR	Consumer Goods Rental	LONG	72.22	0.63	HOLD
DEI	Commercial REITs - NEC	SHORT	28.18	1.11	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.67	1.83	HOLD
GG	Gold - NEC	SHORT	24.47	-0.73	HOLD
GGP	Retail REITs	SHORT	23.51	0.30	HOLD
GPI	New Car Dealers	LONG	79.54	1.00	HOLD
GPRE	Industrial Gas	LONG	28.10	0.90	HOLD
HTS	Mortgage REITs	SHORT	20.28	0.45	HOLD
KONG	Wireless Telecommunications Services - NEC	SHORT	9.74	2.42	HOLD
KOP	Commodity Chemicals - NEC	LONG	36.49	0.91	HOLD
KRNY	Commercial Banks	SHORT	13.87	1.39	HOLD
LAD	New Car Dealers	LONG	77.68	2.17	HOLD
MT	Steel - NEC	SHORT	15.33	0.72	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	33.06	0.27	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	62.09	0.16	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.20	-0.36	HOLD
NVS	Pharmaceuticals - NEC	SHORT	90.21	0.26	HOLD
O	Commercial REITs - NEC	SHORT	42.93	0.09	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.92	0.96	HOLD
SAFM	Animal Slaughtering & Processing	LONG	85.14	0.28	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	170.73	0.45	HOLD
SLV	Investment Trusts	SHORT	18.67	-0.32	HOLD
SNN	Medical Devices & Implants	SHORT	79.97	-0.84	HOLD
SNX	Computer Peripherals	LONG	63.97	1.14	HOLD
STM	Semiconductors - NEC	SHORT	9.38	1.08	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	15.37	0.92	HOLD
THRX	Biopharmaceuticals	SHORT	28.00	-1.89	HOLD
V	Business Support Services - NEC	SHORT	212.07	1.29	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	71.13	-0.34	HOLD
WGO	Recreational Products - NEC	LONG	24.17	2.50	HOLD
WNC	Heavy Trucks	LONG	14.05	3.16	HOLD
YHOO	Search Engines	SHORT	35.02	0.92	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.95
SHORTS				0.36
TOTAL				0.59
S&P 500				0.40
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1014575887514862800.00	247519782444574910.00	-30.44	0.00	290354.60
S&P 500	53.76	5.86	-18.61	2.42	0.76

23-May-2014 Daily positions

Pre Opening Longs: ACAT, ANN, APEI, BIG, CORE, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PIR, SAFM, SNX, SWHC, WGO, WNC
Pre Opening Shorts: AUY, CCL, DEI, GG, GGP, HTS, KONG, KRNY, MT, MWE, NVS,
O, SHPG, SLV, SNN, STM, THRX, V, WES, YHOO

22-May-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	36.71	2.40	HOLD
ANN	Women's Apparel Retailers	LONG	39.20	1.37	HOLD
APEI	General Education Services	LONG	35.44	-2.15	HOLD
AUY	Integrated Mining	SHORT	7.56	-0.66	HOLD
BIG		LONG	37.87	1.37	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	39.72	0.33	HOLD
CORE	Supermarkets & Convenience Stores	LONG	78.30	0.00	HOLD
OUTR	Consumer Goods Rental	LONG	71.77	1.37	HOLD
DEI	Commercial REITs - NEC	SHORT	27.87	-0.39	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.55	1.08	HOLD
GG	Gold - NEC	SHORT	24.65	-0.24	HOLD
GGP	Retail REITs	SHORT	23.44	0.17	HOLD
GPI	New Car Dealers	LONG	78.75	0.79	HOLD
GPRE	Industrial Gas	LONG	27.85	-0.18	HOLD
HTS	Mortgage REITs	SHORT	20.19	0.40	HOLD
KONG	Wireless Telecommunications Services - NEC	SHORT	9.51	6.85	HOLD
KOP	Commodity Chemicals - NEC	LONG	36.16	0.14	HOLD
KRNY	Commercial Banks	SHORT	13.68	0.22	HOLD
LAD	New Car Dealers	LONG	76.03	0.69	HOLD
MT	Steel - NEC	SHORT	15.22	-1.55	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.97	0.00	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	61.99	-1.21	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.24	0.36	HOLD
NVS	Pharmaceuticals - NEC	SHORT	89.98	0.55	HOLD
O	Commercial REITs - NEC	SHORT	42.89	-1.06	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.75	2.72	HOLD
SAFM	Animal Slaughtering & Processing	LONG	84.90	0.02	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	169.96	0.01	HOLD
SLV	Investment Trusts	SHORT	18.73	0.48	HOLD
SNN	Medical Devices & Implants	SHORT	80.65	1.45	HOLD
SNX	Computer Peripherals	LONG	63.25	0.65	HOLD
STM	Semiconductors - NEC	SHORT	9.28	-1.80	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	15.23	-0.13	HOLD
THRX	Biopharmaceuticals	SHORT	28.54	4.39	HOLD
V	Business Support Services - NEC	SHORT	209.37	-0.35	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	71.37	0.07	HOLD
WGO	Recreational Products - NEC	LONG	23.58	1.90	HOLD
WNC	Heavy Trucks	LONG	13.62	3.03	HOLD
YHOO	Search Engines	SHORT	34.70	0.99	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.81
SHORTS				0.43
TOTAL				0.38
S&P 500				0.24
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1008628249605686400.00	247180095162441220.00	-30.44	0.00	293935.78
S&P 500	53.14	5.94	-18.61	2.37	0.76

22-May-2014 Daily positions

Pre Opening Longs: ACAT, ANN, APEI, BIG, CORE, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PIR, SAFM, SNX, SWHC, WGO, WNC
Pre Opening Shorts: AUY, CCL, DEI, GG, GGP, HTS, KONG, KRNY, MT, MWE, NVS,
O, SHPG, SLV, SNN, STM, THRX, V, WES, YHOO

21-May-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	35.85	3.17	HOLD
ANN	Women's Apparel Retailers	LONG	38.67	-0.54	HOLD
APEI	General Education Services	LONG	36.22	0.39	HOLD
AUY	Integrated Mining	SHORT	7.61	1.06	HOLD
BIG		LONG	37.36	-1.74	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	39.59	1.70	HOLD
CORE	Supermarkets & Convenience Stores	LONG	78.30	0.66	HOLD
OUTR	Consumer Goods Rental	LONG	70.80	2.03	HOLD
DEI	Commercial REITs - NEC	SHORT	27.98	0.18	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.48	0.54	HOLD
GG	Gold - NEC	SHORT	24.71	0.57	HOLD
GGP	Retail REITs	SHORT	23.40	-0.34	HOLD
GPI	New Car Dealers	LONG	78.14	1.15	HOLD
GPRE	Industrial Gas	LONG	27.90	1.31	HOLD
HTS	Mortgage REITs	SHORT	20.11	0.35	HOLD
KONG	Wireless Telecommunications Services - NEC	SHORT	8.90	-1.66	HOLD
KOP	Commodity Chemicals - NEC	LONG	36.09	-1.07	HOLD
KRNY	Commercial Banks	SHORT	13.65	0.37	HOLD
LAD	New Car Dealers	LONG	75.53	2.04	HOLD
MT	Steel - NEC	SHORT	15.46	-0.39	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.97	2.33	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	62.75	0.26	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.20	1.17	HOLD
NVS	Pharmaceuticals - NEC	SHORT	89.49	0.46	HOLD
O	Commercial REITs - NEC	SHORT	43.35	-0.76	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.28	-0.46	HOLD
SAFM	Animal Slaughtering & Processing	LONG	84.88	0.04	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	169.95	1.10	HOLD
SLV	Investment Trusts	SHORT	18.64	-0.05	HOLD
SNN	Medical Devices & Implants	SHORT	79.50	2.53	HOLD
SNX	Computer Peripherals	LONG	62.84	2.30	HOLD
STM	Semiconductors - NEC	SHORT	9.45	0.64	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	15.25	0.46	HOLD
THRX	Biopharmaceuticals	SHORT	27.34	1.41	HOLD
V	Business Support Services - NEC	SHORT	210.10	1.05	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	71.32	-0.34	HOLD
WGO	Recreational Products - NEC	LONG	23.14	0.09	HOLD
WNC	Heavy Trucks	LONG	13.22	1.15	HOLD
YHOO	Search Engines	SHORT	34.36	1.45	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.79
SHORTS				0.48
TOTAL				0.31
S&P 500				0.84
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1004804561943409200.00	246845668406366560.00	-30.44	0.00	297767.56
S&P 500	52.77	5.98	-18.61	2.35	0.75

21-May-2014 Daily positions

Pre Opening Longs: ACAT, ANN, APEI, BIG, CORE, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PIR, SAFM, SNX, SWHC, WGO, WNC
Pre Opening Shorts: AUY, CCL, DEI, GG, GGP, HTS, KONG, KRNY, MT, MWE, NVS,
O, SHPG, SLV, SNN, STM, THRX, V, WES, YHOO

20-May-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	34.75	0.09	HOLD
ANN	Women's Apparel Retailers	LONG	38.88	-3.45	HOLD
APEI	General Education Services	LONG	36.08	-0.91	HOLD
AUY	Integrated Mining	SHORT	7.53	0.00	HOLD
BIG		LONG	38.02	-1.60	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	39.18	0.88	HOLD
CORE	Supermarkets & Convenience Stores	LONG	77.79	-0.83	HOLD
OUTR	Consumer Goods Rental	LONG	69.39	-1.85	HOLD
DEI	Commercial REITs - NEC	SHORT	27.93	0.04	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.45	-2.94	HOLD
DVN	Oil & Gas Exploration and Production - NEC	SHORT	72.55	1.78	COVER
GG	Gold - NEC	SHORT	24.57	0.12	SHORT
GGP	Retail REITs	SHORT	23.48	-0.25	HOLD
GPI	New Car Dealers	LONG	77.25	-0.41	HOLD
GPRE	Industrial Gas	LONG	27.54	-1.24	HOLD
HTS	Mortgage REITs	SHORT	20.04	-0.30	HOLD
KONG	Wireless Telecommunications Services - NEC	SHORT	9.05	1.23	HOLD
KOP	Commodity Chemicals - NEC	LONG	36.48	-1.54	HOLD
KRNY	Commercial Banks	SHORT	13.60	-0.33	HOLD
LAD	New Car Dealers	LONG	74.02	-0.72	HOLD
MT	Steel - NEC	SHORT	15.52	-1.71	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	32.22	-3.65	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	62.59	-0.60	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.07	-2.12	HOLD
NVS	Pharmaceuticals - NEC	SHORT	89.08	-0.49	HOLD
O	Commercial REITs - NEC	SHORT	43.68	0.02	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.36	-2.75	HOLD
SAFM	Animal Slaughtering & Processing	LONG	84.85	-0.68	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	168.10	-0.78	HOLD
SLV	Investment Trusts	SHORT	18.65	0.11	HOLD
SNN	Medical Devices & Implants	SHORT	77.54	0.06	HOLD
SNX	Computer Peripherals	LONG	61.43	-2.72	HOLD
STM	Semiconductors - NEC	SHORT	9.39	-1.88	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	15.18	0.66	HOLD
THRX	Biopharmaceuticals	SHORT	26.96	-2.28	HOLD
V	Business Support Services - NEC	SHORT	207.92	-1.16	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	71.56	-0.01	HOLD
WGO	Recreational Products - NEC	LONG	23.12	-1.07	HOLD
WNC	Heavy Trucks	LONG	13.07	-2.68	HOLD
YHOO	Search Engines	SHORT	33.87	-0.06	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.60
SHORTS				-0.29
TOTAL				-1.31
S&P 500				-0.63
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1001365712397628400.00	246502312524627140.00	-30.44	0.00	301693.60
S&P 500	51.49	6.16	-18.61	2.23	0.74

20-May-2014 Daily positions

Pre Opening Longs: ACAT, ANN, APEI, BIG, CORE, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PIR, SAFM, SNX, SWHC, WGO, WNC
Pre Opening Shorts: AUY, CCL, DEI, DVN, GGP, HTS, KONG, KRNY, MT, MWE, NVS,
O, SHPG, SLV, SNN, STM, THRX, V, WES, YHOO

19-May-2014 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto & Truck Manufacturers - NEC	LONG	34.72	3.73	HOLD
ANN	Women's Apparel Retailers	LONG	40.27	0.45	HOLD
APEI	General Education Services	LONG	36.41	0.11	HOLD
AUY	Integrated Mining	SHORT	7.53	1.48	HOLD
BIG		LONG	38.64	-0.16	HOLD
CCL	Hotels, Motels & Cruise Lines - NEC	SHORT	38.84	1.57	HOLD
CORE	Supermarkets & Convenience Stores	LONG	78.44	-0.28	HOLD
OUTR	Consumer Goods Rental	LONG	70.70	1.86	HOLD
DEI	Commercial REITs - NEC	SHORT	27.92	-0.96	HOLD
DENN	Restaurants & Bars - NEC	LONG	6.64	0.00	HOLD
DVN	Oil & Gas Exploration and Production - NEC	SHORT	71.28	0.86	HOLD
GGP	Retail REITs	SHORT	23.54	-0.25	HOLD
GPI	New Car Dealers	LONG	77.57	0.66	HOLD
GPRE	Industrial Gas	LONG	27.89	2.78	HOLD
HTS	Mortgage REITs	SHORT	20.10	1.21	HOLD
KONG	Wireless Telecommunications Services - NEC	SHORT	8.94	-2.61	HOLD
KOP	Commodity Chemicals - NEC	LONG	37.05	-0.13	HOLD
KRNY	Commercial Banks	SHORT	13.65	0.92	HOLD
LAD	New Car Dealers	LONG	74.56	0.72	HOLD
MT	Steel - NEC	SHORT	15.79	-1.00	HOLD
MTRX	Oil Related Services and Equipment - NEC	LONG	33.44	2.17	HOLD
MWE	Oil & Gas Refining and Marketing - NEC	SHORT	62.97	0.62	HOLD
NR	Oil Related Services and Equipment - NEC	LONG	11.31	0.27	HOLD
NVS	Pharmaceuticals - NEC	SHORT	89.52	-0.40	HOLD
O	Commercial REITs - NEC	SHORT	43.67	-0.48	HOLD
PIR	Home Furnishings Retailers - NEC	LONG	17.85	0.62	HOLD
SAFM	Animal Slaughtering & Processing	LONG	85.43	0.53	HOLD
SHPG	Pharmaceuticals - NEC	SHORT	169.43	2.07	HOLD
SLV	Investment Trusts	SHORT	18.63	0.11	HOLD
SNN	Medical Devices & Implants	SHORT	77.49	-0.93	HOLD
SNX	Computer Peripherals	LONG	63.15	3.24	HOLD
STM	Semiconductors - NEC	SHORT	9.57	2.46	HOLD
SWHC	Industrial Machinery & Equipment - NEC	LONG	15.08	-1.11	HOLD
THRX	Biopharmaceuticals	SHORT	27.59	0.80	HOLD
V	Business Support Services - NEC	SHORT	210.36	0.26	HOLD
WES	Oil & Gas Refining and Marketing - NEC	SHORT	71.57	-0.47	HOLD
WGO	Recreational Products - NEC	LONG	23.37	1.08	HOLD
WNC	Heavy Trucks	LONG	13.43	1.44	HOLD
YHOO	Search Engines	SHORT	33.89	1.44	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.95
SHORTS				0.33
TOTAL				0.61
S&P 500				0.37
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	1014705967293573200.00	246311972645685440.00	-30.44	0.00	307267.26
S&P 500	52.46	6.00	-18.61	2.33	0.75

19-May-2014 Daily positions

Pre Opening Longs: ACAT, ANN, APEI, BIG, CORE, DENN, GPI, GPRE, KOP, LAD,
MTRX, NR, OUTR, PIR, SAFM, SNX, SWHC, WGO, WNC
Pre Opening Shorts: AUY, CCL, DEI, DVN, GGP, HTS, KONG, KRNY, MT, MWE, NVS,
O, SHPG, SLV, SNN, STM, THRX, V, WES, YHOO