ETFs CURRENT REAL-TIME PERFORMANCE--WINNING INVESTMENTS--COPERNICUS

WINNING INVESTMENTS with EXCHANGE-TRADED FUNDS


SYSTEM MOSTLY USA ETFs	Home Long Only results here

Table 3.

Current Real-time Results
Trading System Mostly USA Versions 1.0 and 2.0
Including Short Sales
From October 15, 2004 to the Present
See footnotes below

Market			Event			$	%	weeks	*avg	cum%	cum%
Trend	Date	Fund	Buy	Sell	Date	Gain	Gain	held	%Gain	Gain	SP500	SP500
up	8/27/2004	XLE	31.50	36.58	12/24/2004	5.08	16.1	17	16.1	8.1	8.9	1205
up	8/27/2004	OIH	73.00	82.60	12/3/2004	9.60	13.2	14	14.6	15.2	7.7	1191
up	12/3/2004	HHH	70.42	66.74	1/7/2005	-3.68	-5.2	5	8.0	12.2	7.2	1186
up	12/24/2004	IJR	162.88	153.46	1/7/2005	-9.42	-5.8	2	4.6	8.9	7.2	1186
down	2/25/2005	SMH	34.47	31.48	1/7/2005	-2.99	-9.5	7	1.8	-1.4	9.5	1211
down	5/20/2005	HHH	57.12	56.80	2/25/2005	-0.32	-0.6	12	1.4	-2.0	7.9	1194
up	5/20/2005	BBH	164.72	189.54	8/26/2005	24.82	15.1	14	3.3	5.4	8.9	1205
up	5/20/2005	XLE	39.90	47.18	7/22/2005	7.28	18.2	9	5.2	15.0	11.1	1229
up	7/22/2005	OIH	111.09	112.86	8/26/2005	1.77	1.6	5	4.8	15.9	8.9	1205
down	9/9/2005	DIA	106.70	103.90	8/26/2005	-2.80	-2.7	2	4.0	12.8	8.9	1205
down	11/18/2005	OEX	574.69	574.13	9/9/2005	-0.56	-0.1	10	3.7	12.7	12.8	1248
up	11/18/2005	EWJ	12.62	13.27	12/30/2005	0.65	5.2	6	3.8	15.6	12.8	1248
up	11/18/2005	BBH	210.15	208.80	11/25/2005	-1.35	-0.6	1	3.4	15.2	14.6	1268
up	11/25/2005	OIH	126.25	130.23	12/30/2005	3.98	3.2	5	3.4	17.0	12.8	1248
down	2/24/2006	OEX	583.75	570.00	12/30/2005	-13.75	-2.4	8	3.0	14.2	16.5	1289
down	7/28/2006	HHH	45.12	60.00	2/27/2006	14.88	24.8	21	4.4	42.5	15.6	1279
up	7/28/2006	XLE	58.20	50.70	9/22/2006	-7.50	-12.9	8	3.4	33.4	18.8	1315
up	7/28/2006	EFA	65.94	69.22	10/13/2006	3.28	5.0	11	3.5	36.7	23.4	1366
up	9/22/2006	XLF	34.41	35.02	10/20/2006	0.61	1.8	4	3.4	37.9	23.7	1369
up	10/13/2006	OEX	633.61	652.60	11/17/2006	18.99	3.0	5	3.4	40.0	26.6	1401
up	10/20/2006	XLK	22.75	22.98	12/22/2006	0.23	1.0	9	3.2	40.7	27.5	1411
up	11/17/2006	QQQQ	44.16	42.93	12/22/2006	-1.23	-2.8	5	3.0	38.7	27.5	1411
down	2/9/2007	SMH	33.92	33.27	12/22/2006	-0.65	-2.0	7	2.8	36.0	30.0	1438
down	3/23/2007	OIH	147.72	137.00	2/9/2007	-10.72	-7.8	6	2.3	25.4	29.8	1436
down	4/20/2007	BBH	187.99	177.50	3/23/2007	-10.49	-5.9	4	2.0	17.9	34.2	1484
up	4/20/2007	EFA	79.60	80.69	5/11/07	1.09	1.4	3	2.0	18.8	36.1	1506
up	4/20/2007	MDY	159.91	161.29	4/27/2007	1.38	0.9	1	1.9	19.3	35.0	1494
up	4/27/2007	OIH	159.99	170.26	5/18/2007	10.27	6.4	3	2.1	23.1	37.6	1523
up	5/11/07	XLE	65.19	68.07	5/18/2007	2.88	4.4	1	2.2	25.8	37.6	1523
down	6/1/2007	BBH	182.25	178.04	5/18/2007	-4.21	-2.4	2	2.0	22.8	38.9	1536
up	6/1/2007	OIH	169.15	167.76	6/8/2007	-1.39	-0.8	1	1.9	22.3	36.3	1508
up	6/1/2007	XLE	68.73	68.06	6/8/2007	-0.67	-1.0	1	1.8	21.7	36.3	1508
down	9/14/2007	BBH	172.00	179.18	6/8/2007	7.18	4.0	14	1.9	26.6	29.8	1436
up	9/14/2007	OIH	182.90	190.41	11/2/2007	7.51	4.1	7	2.0	29.2	36.1	1506
up	9/14/2007	XLE	72.35	74.97	11/2/2007	2.62	3.6	7	2.0	31.6	36.1	1506
down	12/7/2007	XLF	31.54	30.96	11/2/2007	-0.58	-1.9	5	1.9	29.1	36.0	1505
down	12/14/2007	SMH	32.56	33.50	12/7/2007	0.94	2.8	1	1.9	32.7	32.4	1465
down	2/8/2008	XLF	27.07	29.20	12/14/2007	2.13	7.3	8	2.1	42.4	20.4	1332
down	2/29/2008	SMH	28.58	28.20	2/8/2008	-0.38	-1.3	3	2.0	40.5	20.2	1330
up	2/29/2008	XLE	76.10	86.60	6/6/2008	10.50	13.8	14	2.3	50.2	23.0	1361
up	2/29/2008	IBB	75.74	73.20	3/7/2008	-2.54	-3.4	1	2.1	38.1	16.9	1293
up	3/7/2008	BBH	169.80	168.35	4/18/2008	-1.45	-0.9	6	2.1	37.5	25.4	1388
up	4/18/2008	OIH	208.73	213.00	6/6/2008	4.27	2.0	7	2.1	38.9	25.4	1388
down**	7/16/2008	XLF	17.75	23.46	6/6/2008	5.71	24.3	6	2.6	72.8	9.8	1215
down	8/8/2008	DIA	117.03	115.41	7/18/2008	-1.62	-1.4	3	2.5	70.3	17.0	1294
up	8/8/2008	OIH	181.67	179.96	8/15/2008	-1.71	-0.9	1	2.4	69.5	17.3	1298
up	8/8/2008	BBH	201.70	187.94	9/26/2008	-13.76	-6.8	7	2.2	63.7	9.3	1209
up	8/15/2008	IBB	90.29	83.58	9/26/2008	-6.71	-7.4	6	2.0	57.7	9.3	1209
down	10/3/2008	EFA	51.18	56.78	9/26/2008	5.60	9.9	1	2.2	73.2	-0.8	1098
down	1/2/2009	OIH	79.15	120.36	10/3/2008	41.21	34.2	13	2.8	132.5	-16.0	929
up	1/2/2009	BBH	90.56	86.97	5/8/2009	-3.59	-4.0	18	2.7	127.9	-16.6	923
up	1/2/2009	IBB	71.95	64.45	4/3/2009	-7.50	-10.4	13	2.4	120.4	-24.1	840
up	4/3/2009	HHH	37.01	42.96	6/26/2009	5.95	16.1	12	2.7	146.2	-16.9	920
up	5/8/2009	XLK	16.93	17.00	5/15/2009	0.07	0.4	1	2.6	120.9	-19.9	886
up	5/15/2009	QQQQ	33.59	36.28	6/12/2009	2.69	8.0	4	2.7	129.7	-14.8	942
up	6/12/2009	OIH	109.31	100.77	6/26/2009	-8.54	-7.8	2	2.6	120.7	-16.9	920
down	7/17/2009	IBB	72.29	72.82	6/26/2009	0.53	0.7	3	2.5	122.3	-14.9	942
down	10/9/2009	XLE	56.60	49.09	7/17/2009	-7.51	-15.3	12	2.2	88.3	-3.1	1072
down	11/20/2009	BBH	96.81	100.85	10/9/2009	4.04	4.0	6	2.2	95.9	-1.0	1095
down	11/27/2009	EWJ	9.57	9.45	11/20/2009	-0.12	-1.3	1	2.2	93.4	-1.4	1091
down	2/12/2010	SP500	1079.13	1092.40	1/22/2010	13.27	1.2	3	2.2	95.7	-2.5	1079
up	2/12/2010	IBB	85.08	91.63	4/9/2010	6.55	7.7	8	2.3	103.3	8.0	1195
up	2/12/2010	MDY	131.38	142.34	3/12/2010	10.96	8.3	4	2.4	111.7	3.8	1149
up	3/12/10	IJR	59.44	63.30	4/30/2010	3.86	6.5	7	2.4	118.6	7.4	1189
up	4/9/2010	HHH	62.67	62.94	4/16/2010	0.27	0.4	1	2.4	119.1	7.7	1192
up	4/16/2010	IWM	71.06	73.31	4/30/2010	2.25	3.2	2	2.4	122.5	7.4	1189
down	5/7/2010	BBH	94.41	96.81	4/30/2010	2.40	2.5	1	2.4	128.1	1.4	1122
down	6/11/2010	SP500	1095.00	1122.27	5/7/2010	27.27	2.4	5	2.4	133.6	-1.0	1095
up	6/11/2010	IJR	58.05	59.52	6/18/2010	1.47	2.5	1	2.4	136.6	7.7	1192
up	6/11/2010	MDY	139.47	142.15	6/18/2010	2.68	1.9	1	2.4	138.8	7.7	1192
up	6/18/2010	SMH	28.86	27.14	6/25/2010	-1.72	-6.0	1	2.3	131.7	-2.6	1078
up	6/18/2010	QQQQ	47.60	45.27	6/25/2010	-2.33	-4.9	1	2.2	126.0	-2.6	1078
down	7/9/2010	SP500	1077.23	1077.50	6/25/2010	0.27	0.0	2	2.2	126.1	-2.6	1077
up	7/9/2010	SMH	27.30	27.88	8/6/2010	0.58	2.1	4	2.2	128.5	1.5	1123
up	7/9/2010	DIA	101.87	102.80	8/13/2010	0.93	0.9	5	2.1	129.6	-2.6	1077
up	8/6/2010	EFA	53.89	50.72	8/13/2010	-3.17	-5.9	1	2.0	122.8	-2.6	1077
down	9/3/2010	SP500	1102.60	1077.49	8/13/2010	-25.11	-2.3	3	2.0	117.7	-0.3	1103
up	9/3/2010	HHH	59.41	70.50	11/19/2010	11.09	18.7	11	2.2	138.0	8.3	1198
up	9/3/2010	EFA	52.11	53.91	9/17/2010	1.80	3.5	2	2.2	142.2	1.8	1127
up	9/17/2010	QQQQ	48.18	48.78	10/8/2010	0.60	1.2	3	2.2	143.7	5.3	1165
up	10/8/2010	EFA	56.98	57.44	10/15/2010	0.46	0.8	1	2.2	144.6	6.4	1177
up	10/15/2010	OIH	119.34	119.83	10/22/2010	0.49	0.4	1	2.2	145.2	7.1	1185
up	10/22/2010	QQQQ	51.86	52.76	11/12/2010	0.90	1.7	3	2.1	147.3	8.5	1200
up	11/12/2010	OIH	127.96	130.28	11/19/2010	2.32	1.8	1	2.1	149.5	8.3	1199
down	12/3/2010	SP500	1223.87	1198.70	11/19/2010	-25.17	-2.1	2	2.1	144.4	10.6	1224
up	12/3/2010	HHH	72.15	72.82	12/23/2010	0.67	0.9	3	2.1	145.5	13.4	1255
up	12/3/2010	OIH	137.59	150.34	1/28/2011	12.75	9.3	8	2.2	156.9	15.4	1277
up	12/23/2010	IWM	78.50	78.69	12/31/2010	0.19	0.2	1	2.1	157.2	13.6	1257
up	12/31/2010	XLE	68.13	71.58	1/28/2011	3.45	5.1	4	2.2	163.7	15.4	1277
down	2/4/2011	SP500	1311.85	1276.50	1/28/2011	-35.35	-2.7	1	2.1	156.6	10.6	1224
up	2/4/2011	OIH	156.15	163.84	2/25/2011	7.69	4.9	3	2.2	162.9	19.5	1322
up	2/4/2011	XLE	74.44	78.24	2/25/2011	3.80	5.1	3	2.2	169.6	19.5	1322
down	3/25/2011	SPX	1315.45	1327.32	2/25/2011	11.87	0.9	4	2.2	172.1	18.7	1313
up	3/25/2011	OIH	158.79	154.19	4/15/2011	-4.60	-2.9	3	2.1	168.1	18.7	1313
up	3/25/2011	XLE	78.50	76.00	4/15/2011	-2.50	-3.2	3	2.1	163.9	18.7	1313
down	4/22/2011	SP500	1337.14	1313.35	4/15/2011	-23.79	-1.8	1	2.0	159.2	18.7	1313
up	4/22/2011	IBB	105.38	106.99	5/6/2011	1.61	1.5	2	2.0	161.2	21.1	1340
up	4/22/2011	XLE	79.03	75.16	5/6/2011	-3.87	-4.9	2	1.9	154.8	21.1	1340
down	5/20/2011	SP500	1333.07	1340.20	5/6/2011	7.13	0.5	2	1.9	156.1	20.5	1333
up	5/20/2011	IBB	107.93	109.66	5/27/2011	1.73	1.6	1	1.9	158.2	20.3	1331
up	5/20/2011	HHH	75.74	75.57	5/27/2011	-0.17	-0.2	1	1.9	157.9	20.3	1331
down	7/1/2011	SP500	1339.59	1331.10	5/27/2011	-8.49	-0.6	5	1.9	156.3	20.3	1331
up	7/1/2011	IBB	108.00	106.87	7/15/2011	-1.13	-1.0	2	1.9	154.9	18.9	1316
up	7/1/2011	IJR	74.56	70.74	7/8/2011	-3.82	-5.1	1	1.8	148.4	22.2	1352
up	7/8/2011	HHH	80.05	78.09	7/15/2011	-1.96	-2.4	1	1.7	145.3	18.9	1316
down	7/22/2011	SP500	1344.32	1315.94	7/15/2011	-28.38	-2.1	1	1.7	140.2	18.9	1316
up	7/22/2011	IBB	108.22	105.61	7/29/2011	-2.61	-2.4	1	1.7	137.3	16.8	1293
up	7/22/2011	HHH	78.90	80.20	7/29/2011	1.30	1.6	1	1.7	139.2	16.8	1293
down	8/26/2011	SP500	1177.91	1292.59	7/29/2011	114.68	9.7	4	1.7	162.5	6.5	1178
up	8/26/2011	HHH	72.33	72.78	9/9/2011	0.45	0.6	2	1.7	163.3	2.8	1137
up	8/26/2011	QQQ	53.66	52.04	9/2/2011	-1.62	-3.0	1	1.7	159.4	6.1	1174
up	9/2/2011	BBH	93.82	93.82	9/9/2011	0.00	0.0	1	1.7	159.4	2.8	1137
down	9/16/2011	SP500	1214.99	1136.91	9/9/2011	-78.08	-6.4	1	1.6	142.7	9.8	1215
up	9/16/2011	HHH	81.21	78.64	9/23/2011	-2.57	-3.2	1	1.6	138.8	2.8	1137
up*	9/16/2011	QQQ	55.90	54.42	9/23/2011	-1.48	-2.6	1	1.5	135.7	2.8	1137
down	10/7/2011	SP500	1158.15	1136.91	9/23/2011	-21.24	-1.8	2	1.5	131.4	4.7	1158
up	10/7/2011	HHH	78.89	78.00	11/11/2011	-0.89	-1.1	5	1.5	130.1	14.2	1264
up	10/7/2011	BBH	101.43	108.09	10/28/2011	6.66	6.6	3	1.5	137.6	16.1	1285
up	10/28/2011	QQQ	58.43	57.75	11/4/2011	-0.68	-1.2	1	1.5	136.2	13.3	1253
up	11/4/2011	BBH	106.00	105.90	11/11/2011	-0.10	-0.1	1	1.5	136.1	14.2	1264
down	12/2/2011	SP500	1244.33	1263.85	11/11/2011	19.52	1.6	3	1.5	139.8	14.2	1264
up	12/2/2011	BBH	101.43	102.72	12/16/2011	1.29	1.3	2	1.5	141.3	10.2	1220
up	12/2/2011	DIA	121.83	120.96	12/9/2011	-0.87	-0.7	1	1.5	140.5	13.4	1255
up	12/9/2011	IBB	101.01	100.24	12/16/2011	-0.77	-0.8	1	1.4	139.6	10.2	1220
down	12/23/2011	SP500	1265.02	1219.74	12/16/2011	-45.28	-3.6	1	1.4	131.0	10.2	1220
up	12/23/2011	IBB	103.05	--	open
up*	12/23/2011	IJR	68.92	70.08	12/30/2011	1.16	1.7	1	1.4	132.9	13.8	1259
up	12/30/2011	BBH	111.20	--	open

Symbol Lookup

* This is the latest dated row which contains all closed trades.

Friday dates, Monday opening prices.

** This date is a Wednesday, due to special circumstances.

New trades are posted here usually four weeks after transaction date.

The earlier of the two dates in each row is the entry signal date
from the weekly letters for the 'Event' (Buy or Sell).
The later date is the exit date. For short sales, the second date is the entry date.
The Sell column includes original short sales.
Short-sale dates are shaded gray.

cumul %Gain assumes a two-fund long or one-fund short portfolio at all times.
avg %Gain is the average profit of all trades since inception.

This table overlaps the 18-year and 2.5-year back-test tables.
Dividends, interest, and transaction costs are not included.
'Event' prices are based on Friday closing signals and
show Monday's first opening prices at or after 9:30am ET.

Real-time. These prices really happened on the dates specified.
But unless you personally participated in the reported openings,
the table is hypothetical relative to yourself.

The table has been revised since it was first published
to reflect as accurately as possible
a record of real-world results as they occur.

There was one period which lasted nine weeks out of 2.5 years
during which the SP500 did 3% better than the System.

The risk of the System underperforming a buy/hold approach
to the market always remains but appears unlikely
based on 18 years of backtesting.

Modifications and effective dates:
9-4-09: Lagging Trend quickened; result:
four percentage points per annum improvement in returns.
11-27-09: Timing module replaced and sell-short positions are limited
exclusively to the S&P500 or its equivalents: result: annualized
test returns moved up from 25% to 29% per year.
1/13/12: Across the board replacement of HOLDRs funds
with better suited components. Portfolio is now more rigorously USA
and has more trading access and liquidity.

Modifications do not alter any previously reported
Real-time Results. All real-time results are
reported as they occur.

Some of my data handling is manual. Errors can occur.
If you spot any, please let know, and I will correct them.
Beyond that, this page is the Rock of Gibraltar;
except for fixing errors, no alterations
permitted after the fact.

On 6/2/2006, a system processing error gave bad signals. They were fixed within one trading day, 6/6, and were announced to be corrected in the real-time results records as of the opening on either 6/7 or 6/8. They were 'corrected' on 6/8, the worse of the two openings. Possible net combined errors up to -0.8% could have occurred in real accounts in real-time. See mistakes.
On 12/4/2009, a system processing error created some corrupted data in the rankings table. It was discovered and fixed 1/15/2010. No losses occurred. Real-time system signals are not affected.
On 4/30/2010, BBH was erroneously recommended, forgetting the 11/27/09 policy change of using only the S&P 500 for short selling from that date forward. A profit of 2.4% resulted on the immediate cover purchase next week.

DATA/3PORT/ARCHV/WKLY/TRADWORK
� 2005-10 THE 2000 CORPORATION
ALL RIGHTS RESERVED