3/29/2016 Rabbit Trade

The Rabbit sold AMWD and bought CMP with a favorable gap before the close.

3/21/2016 Rabbit Trade

The Rabbit sold SPG and bought TRP with a favorable gap.

3/20/2016 Updated Returns

Mouse	XLU	4.92%
Rabbit	Date	Return	Days
BT	8/11/2015	-8.50%	222
TM	8/12/2015	-17.37%	221
DY	10/30/2015	-17.64%	142
TMK	11/23/2015	-7.75%	118
NVR	12/16/2015	4.30%	95
SPG	12/28/2015	6.41%	83
CBI	2/12/2016	22.41%	37
AMWD	2/16/2016	22.37%	33
NWBI	3/1/2016	7.78%	19
ORA	3/14/2016	0.39%	6
Turtle	Date	Return	Days
BT	8/11/2015	-8.50%	222
TM	8/12/2015	-17.37%	221
DY	10/30/2015	-17.64%	142
TMK	11/23/2015	-7.75%	118
UPL	12/1/2015	-86.03%	110
OKE	1/20/2016	52.29%	60
CMP	2/19/2016	9.93%	30
NVR	2/22/2016	8.69%	27
ENOC	3/15/2016	3.14%	5
AMWD	3/17/2016	6.06%	3
	Since 5/31/2011	Annualized
S&P	52.36%	9.16%
Mouse	109.99%	16.70%
Rabbit	55.92%	9.69%
Turtle	66.09%	11.14%
	Previous	YTD
S&P	51.94%	0.28%
Mouse	77.79%	18.11%
Rabbit	57.21%	-0.82%
Turtle	58.35%	4.89%

The Rabbit and Turtle still have an overlap of five stocks. The more patient approach of the Turtle is benefitting from the gyrations in the market. Stocks that the Rabbit will sell at a loss recover by the time the Turtle gets to a trade. Generally slower is better, and the greater the effect of High Frequency algorithms, the greater the benefit of slower trading.

Slow down enough, and the high frequency traders become background noise and have nearly no effect.

The Sector Models shows us still in a bear market configuration, though, so all bets are off. The models are not about which will make more, but which will lose less.

Tim

3/17/2016 Turtle Trade

The Turtle has sold CLF and bought AMWD with a 17% favorable gap.

3/15/2016 Turtle Trade

The Turtle sold CVS and bought ENOC with a 6% favorable gap.

This completely closes the CVS positions.

3/14/2016 Rabbit Trade

The Rabbit sold CVS and bought ORA with a 3% favorable gap.

The Turtle continues to hold CVS.

3/1/2016 Rabbit Trade

The Rabbit sold CMP and bought NWBI with a favorable gap.

The Turtle did not make the trade and continues to hold CMP.