Reference Portfolio flat as of 06/02/14 Feb.14th

The system closes all positions as of the open on the 14th due to the triggering of a garbagge collection rule designed to help minimize drawdowns while bull markets enter in a local correction mode. The situation is therefore the following (close prices will be automatically updated to the open on the 14th).

CLOSE POSITION LONG - Security: aQuantive Inc. (AQNT) NB: 33921 Close rule: GC
CLOSE POSITION LONG - Security: Redback Networks Inc. (RBAK) NB: 68375 Close rule: GC
CLOSE POSITION LONG - Security: TALX (TALX) NB: 30937 Close rule: GC
CLOSE POSITION LONG - Security: DIGITAL INSIGHT CORP (DGIN) NB: 27528 Close rule: GC
CLOSE POSITION LONG - Security: ADV MICRO DEV (AMD) NB: 27677 Close rule: GC
CLOSE POSITION LONG - Security: CIENA (CIEN) NB: 278257 Close rule: GC
CLOSE POSITION LONG - Security: UNOVA (IN) NB: 25545 Close rule: GC
CLOSE POSITION LONG - Security: Crown Castle International (CCI) NB: 29513 Close rule: GC
CLOSE POSITION LONG - Security: SBA COMMS CORP (SBAC) NB: 47559 Close rule: GC
CLOSE POSITION LONG - Security: MEMC ELECTRONIC (WFR) NB: 38680 Close rule: GC
CLOSE POSITION LONG - Security: Intersil (ISIL) NB: 33212 Close rule: GC
CLOSE POSITION LONG - Security: PLEXUS (PLXS) NB: 43855 Close rule: GC
CLOSE POSITION LONG - Security: T HQ (THQI) NB: 33907 Close rule: GC
CLOSE POSITION LONG - Security: TRIDENT MICROSYS (TRID) NB: 45517 Close rule: GC
CLOSE POSITION LONG - Security: BROADCOM STK A (BRCM) NB: 14512 Close rule: GC

Account general informations (previsional)
NAV: 12 058 568,41
Market Expo: 0,00
Open Positions: 0

After update taking into account close prices obtained at the open on the 14th the NAV is:

Account general informations
NAV: 12 056 086,17
Market Expo: 0,00
Open Positions: 0

Actual portfolio (included today actions)
Nothing

The "garbagge collection" rule derives from both the technical configuration of the market and its "market internals" including the evolution of the "potential open trades". Everyday the system analyses its entire trading universe (1061 US securities) and computes the number of "open trades", i.e. trades the system could place would no other constraints apply (e.g. such as risk and money management). The number of these trades is drawn with its moving averages and serves - among other things - to monitor the market internals (with A/D lines, etc.) to detect whether the odds are high that a bull market might locally switch in a "correction mode". Basically as the system is leveraged that kind of situation, if unhandled, can be extremelly detrimental to the drawdown levels experienced and the system closes all positions.

The graph of the open trades follows with its MM10 in purple and its analysis with the general market technical configuration lead to be cautious so far.

Best luck to your trading.