The Arora Report -- Home of the Unique ZYX Change Method Dedicated Solely to Profit from CHANGE by Investing and Trading

	Enviable Performance Under All Market Conditions Since 2007	BIG PROFITS ON SILVER: Put 20% of assets in silver at $17.73 before the run up to about $50. Took profits at the very top at $48-50 just before the big drop. Short sold silver at $48-50 and predicted a 33% drop in silver .In a matter of couple of weeks, silver fell about 40%. BIG PROFITS ON APPLE: The ZYX Change Method recognized early the potential of Apple ecosystem. Apple was bought at an average price of $131. Partial profits have been taken at $360 and $525. The system stayed in the trade through ups and downs for big profits. BIG PROFITS ON SENIOR BANK LOANS: The ZYX Change System recognized at the depth of 2008-2009 financial crisis that senior bank loans were unjustifiably beaten down to 30 cents on a dollar. A closed end fund VVR was bought at $1.86 and sold at $4.53 while earning double digit dividends. BIG PROFITS ON THE PROCESSOR DESIGNER FOR APPLE: The ZYX Change Method recognized early on that ARM Holdings, designer of the processors for Apple products, was about to become the biggest licensor of designs for mobile devices. ARMH was bought at $10.00 and profits were taken at $25.70. BIG PROFITS ON COPPER: The ZYX Change Method recognized early on that the government stimulus in China was about to cause a construction boom which would increase demand for copper. An ETF JJC was bought at $39.82 . The system correctly called the top in copper and profits were taken at $60.02 BIG PROFITS ON CBS: The ZYX Change Method recognized early on that the prevailing wisdom of demise of network advertising was wrong. CBS was bought at $5.93. CBS developed hit shows and advertising market recovered. Profits were taken at $20.09. BIG PROFITS IN OPTICAL NETWORKING: The ZYX Change Method recognized early on that demand for optical networking was about to increase. Ciena, a major vendor of optical network systems, was bought at $13.75. Profits were taken at $24.30 just before the top in optical network market. BIG PROFITS IN THE LARGEST GERMAN BANK: The ZYX Change Method correctly recognized extreme negative sentiment as a contrary indicator in Deutsche Bank. Deutsche Bank was bought at $30.03 for a very short term trade and profits were quickly taken at $36.20. BIG PROFITS IN FORD: The ZYX Change Method correctly concluded that Ford would not go bankrupt when GM and Chrysler were in trouble. Ford was bought at $1.97. Profits were taken at $18.14 near the top in the stock as the system recognized extreme bullishness towards Ford as a contrary indicator. BIG PROFITS FROM HEALTH CARE REFORM: The ZYX Change Method recognized early on that hospitals would not be adversely effected by the health care reform as Wall Street thought. Our analysis was hospitals would benefit from the reform. HMA was bought at $1.26 and profits were taken at $6.01. BIG PROFITS FROM DROP IN EMERGING MARKETS: We monitor indicators from 23 countries. The ZYX Change Method recognized that then prevailing wisdom of emerging markets decoupling from the American market was wrong. Inverse ETF EUM was bought at $63.36 and sold at $118.52. BIG PROFITS FROM INDIA: The ZYX Change Method recognized early on that India would be a major beneficiary as the world emerged from the financial crises. ETF INP was bought at $25.92. The method correctly called the top in Indian market and sold INP at $76.46. BIG PROFITS ON GRAINS: The ZYX Change Method recognized early on the impact of Russian fires on grain prices. JJG, an ETF representing grains, was bought at $41.00. Profits were taken at $53.50 when grain prices had fully accounted for production shortfall in Russia and Ukraine. BIG PROFITS ON NETFLIX: At a time when Netflix was maligned for dying DVD business, the ZYX Change Method was early to recognize that Netflix would be the first big mover in streaming movies and this would cause massive short squeeze. Netflix was bought at $101.00 and profits taken at $187.49. BIG PROFITS FROM CHICKEN: Pilgrim Pride, a major chicken producer, got on the wrong side of hedging feed costs and had to declare bankruptcy. The ZYX Change Method correctly recognized that there was more value in the stock than Wall Street perceived. The stock was bought at $3.00 and sold at $8.47. BIG PROFITS ON GENOMIC SEQUENCING: The ZYX Change Method recognized early on that Illumina was leap frogging the competition in genome sequencing. Illumina was purchased at $23.25 and sold at $39.98. BIG PROFITS FROM A EUROPEAN EXPORTER: The ZYX Change Method recognized early on that SAP, a big European software exporter was not as affected by the debt crises in Europe as generally perceived. SAP was bought for a short term trade at $48.56 and profits were quickly taken at $57.19. BIG PROFITS ON SEMICONDUCTORS: The ZYX Change Method recognized early on bottom in semiconductor cycle. SMH was purchased at $24.33. SMH was sold about five months later at $34.09 when our method correctly concluded that majority of profits from the cyclical upturn were already in the bag. BIG PROFITS ON FINANCIALS: The ZYX Change Method recognized early on during the financial crises that bank nationalization in the U.S. was off the table and financial stocks would rebound strongly. An ETF UYG was purchased at $21.18 and exited at $73.69. BIG PROFITS FROM FALL OF SMALL CAPS: The ZYX Change Method recognized early on in 2009 that small capitalization stocks were about to be slaughtered. An inverse ETF TWM was purchased at $253.27. In about two months, profits were taken at $426.16 close to the eventual top.	Four Alert Services Designed To Help You Succeed Spectacularly

THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING

PERFORMANCE

Two sets of performance data are published on two variants of the ZYX Global Multi Asset Allocation Model.
Separately published is the performance data on the individual ZYX Change Method trades.
Subject to Terms of Use

ZYX GLOBAL MULTI ASSET ALLOCATION MODEL

ZYX CHANGE METHOD individual TRADES

Lower Risk Model
50% Risk of the Markets

Since Inception in 2007

Low Risk Model
85% Risk of the Markets
Since Inception in 2007

Lower Risk Model
50% Risk of the Markets

Since Inception in 2007

Model portfolio return
257.59%

S&P 500 return for the period
-8.29%
Model return in excess of
S&P 500
265.88%

MSCI ACWI return for the period
-18.50%
Model return in excess of
MSCI ACWI
276.09%

2011

Model portfolio return
22.35%

S&P 500 return for the period
-0.20%
Model return in excess of
S&P 500
22.55%

MSCI ACWI return for the period
-7.43%
Model return in excess of
MSCI ACWI
29.78%

2010

Model portfolio return
33.81%

S&P 500 return for the period
12.84%
Model return in excess of
S&P 500
20.97%

MSCI ACWI return for the period
10.42%
Model return in excess of
MSCI ACWI
23.39%

2009

Model portfolio return
47.26%

S&P 500 return for the period
23.50%
Model return in excess of
S&P 500
23.76%

MSCI ACWI return for the period
31.49%
Model return in excess of
MSCI ACWI
15.77%

2008

Model portfolio return
42.90%

S&P 500 return for the period
-36.10%
Model return in excess of
S&P 500
79.00%

MSCI ACWI return for the period
-43.70%
Model return in excess of
MSCI ACWI
86.60%

2007

Model portfolio return
4.20%

S&P 500 return for the period
3.30%
Model return in excess of
S&P 500
.90%

MSCI ACWI return for the period
-3.70%
Model return in excess of
MSCI ACWI
7.90%

Low Risk Model
85% Risk of the Markets

Since Inception in 2007

Model portfolio return
256.71%

S&P 500 return for the period
-8.29%
Model return in excess of
S&P 500
265.00%

MSCI ACWI return for the period
-18.50%
Model return in excess of
MSCI ACWI
275.21%

2011

Model portfolio return
17.48%

S&P 500 return for the period
-0.20%
Model return in excess of
S&P 500
17.68%

MSCI ACWI return for the period
-7.43%
Model return in excess of
MSCI ACWI
24.93%

2010

Model portfolio return
37.82%

S&P 500 return for the period
12.84%
Model return in excess of
S&P 500
24.98%

MSCI ACWI return for the period
10.42%
Model return in excess of
MSCI ACWI
27.40%

2009

Model portfolio return
48.36%

S&P 500 return for the period
23.50%
Model return in excess of
S&P 500
24.86%

MSCI ACWI return for the period
32.59%
Model return in excess of
MSCI ACWI
15.77%

2008

Model portfolio return
45.90%

S&P 500 return for the period
-36.10%
Model return in excess of
S&P 500
82.00%

MSCI ACWI return for the period
-43.70%
Model return in excess of
MSCI ACWI
89.60%

2007

Model portfolio return
4.30%

S&P 500 return for the period
3.30%
Model return in excess of
S&P 500
1.00%

MSCI ACWI return for the period
-3.70%
Model return in excess of
MSCI ACWI
8.00%

Performance of the individual trades is based on the blog entries that are date and time stamped by Google and following the trade management guidelines of the ZYX Change Method. Every closed trade since inception in 2007, without exception, is included in the following performance record. The list is updated quarterly.

Purpose of these blog entries is to demonstrate the power of the ZYX Change Method in a variety of time frames ranging from years to hours in both bull and bear markets. Blog entries are representative of the alert services. Typically, these stocks have enough liquidity to easily enter or exit large sizes.

Number of winning positions: 197
Number of losing positions: 13
Average annualized % return per position: 1053.54%

Symbol	Long/Short	Average Days Held	% Return	% Annualized Return	Exit Date
ADBE	L	222	20.25	33.29	4/17/12
PNSN	L	109	-12.81	-42.88	3/22/12
MRO	L	300	24.31%	29.55%	2/3/12
SOL	SS	5	19.84%	1448.41%	1/24/12
SLV	SS	12	-3.7%	-108.71%	1/18/12
PAAS	SS	1	7.23%	2640.30%	12/14/11
BBY-PUT	L	2	336.36%	61386.36%	12/13/11
WDC	SS	1	6.78%	2475.26%	11/17/11
OVTI	L	50	-1.11%	-8.13%	10/14/11
PAAS	SS	22	11.65%	193.22%	10/4/11
BZ_F	SS	37	5.46%	53.85%	9/28/11
SI_F	SS	12	10.83%	329.50%	9/26/11
GLD	SS	25	8.05%	117.50%	9/23/11
DB	L	5	20.57%	1501.33%	9/15/11
ACOR	SS	59	19.22%	118.93%	9/15/11
QQQ	L	10	1.57%	57.42%	9/9/11
NFLX	L	189	85.63%	165.37%	9/2/11
FXE	L	8	1.35%	61.54%	08/16/11
IDCC	SS	1	6.65%	2428.38%	08/15/11
MPC	L	44	10.00%	82.95%	8/13/11
SLV	SS	1	6.39%	2330.94%	08/04/11
IGT	L	21	3.02%	52.43%	08/01/11
IRBT	SS	48	19.33%	147.02%	06/14/11
TYC	SS	55	5.06%	33.55%	06/14/11
SLGN	SS	61	9.63%%	57.60%	06/14/11
ULTA	SS	4	2.36%	215.20%	06/14/11
LTD	SS	7	11.15%	581.51%	06/14/11
MCD	SS	1	0.40%	146.99%	06/09/11
OXY	SS	89	7.31%	29.97%	05/24/11
XNPT	SS	44	25.74%	213.50%	05/22/11
RLOC	SS	16	13.12%	299.41%	05/19/11
SILVER FUTURES	SS	20	31.60%	576.79%	05/12/11
YUM	SS	7	4.70%	244.90%	04/28/11
INVE	SS	3	42.61%	5184.78%	04/15/11
ACOR	SS	93	24.50%	96.15%	04/14/11
NVDA	SS	19	23.1%	443.86%	03/18/11
MCP	SS	5	0.86%	62.66%	02/23/11
NVDA	SS	23	7.01%	111.28%	02/11/11
ARMH	L	244	157.00%	234.86%	01/19/11
CIEN	L	50	76.73%	560.11%	01/19/11
JJG	L	153	30.49%	72.73%	01/19/11
NVDA	SS	1	6.99%	2552.49%	01/11/11
BSX	L	146	35.50%	88.76%	01/04/11
SLV	SS	10	4.52%	164.85%	12/16/10
GLD	SS	10	4.42%	161.36%	12/16/10
REE	SS	49	15.95%	118.85%	12/6/10
MCP	SS	47	23.64%	183.60%	12/6/10
TTM	SS	5	10.54%	769.46%	12/1/10
FLO-JJG	SS	107	-10.02%	-34.18%	11/24/10
JJG-FLO	L	107	13.77%	46.97%	11/24/10
TAP-JJG	L	107	-7.80%	-26.62%	11/24/10
JJG-TAP	L	107	13.77%	46.97%	11/24/10
BUD-JJG	SS	107	1.86%	6.34%	11/24/10
JJG-BUD	L	107	4.61%	15.72%	11/24/10
TSN-JJG	SS	107	0.00%	0.00%	11/24/10
JJG-TSN	L	107	13.77%	46.97%	11/24/10
PPC-JJG	SS	107	0.00%	0.00%	11/24/10
JJG-PPC	L	107	13.77%	46.97%	11/24/10
K-JJG	SS	107	1.91%	6.53%	11/24/10
JJG-K	L	107	13.77%	46.97%	11/24/10
GIS-JJG	SS	107	2.79%	9.50%	11/24/10
JJG-GIS	L	107	7.15%	24.40%	11/24/10
AGP	SS	1	1.10%	400.02%	11/4/10
ALTR	SS	20	5,69%	103.86%	10/19/10
RIMM	SS	1	2.37%	864.00%	10/19/10
GCZ0	SS	3	1.32%	160.79%	10/13/10
TDC	SS	6	0.12%	7.10%	10/4/10
CQB	L	1	2.26%	826.42%	10/1/10
BRCD	L	205	-2.09%	-3.72%	9/22/10
PCG PUT	SS	7	100%	514.29%	9/17/10
ORCL	SS	1	1.98%	721.43%	9/7/10
ESRX	SS	112	11.09	36.14%	9/1/10
TBT	SS	7	5.54%	288.63%	8/25/10
ACOR	SS	155	7.44%	17.53%	8/18/10
AGU	L	8	6.61%	301.40%	8/17/10
CF	L	8	12.03%	548.83%	8/17/10
SYT	L	8	0.81%	37.06%	8/17/10
MON	L	8	1.35%	61.76%	8/17/10
BG	L	8	0.73%	33.12%	8/17/10
ADM	L	8	2.07%	94.29%	8/17/10
POT	L	8	29.66%	1353.31%	8/17/10
X	SS	1	8.39%	3057.75%	07/29/10
WLT	SS	1	5.76%	2103.39%	07/27/10
GENZ	SS	2	4.83%	880.79%	5/27/10
FAZ	SS	1	13.41%	4895.25%	5/21/10
JEC	SS	40	9.84%	89.75%	5/19/10
COCO	SS	1	10.01%	3652.22%	5/18/10
APOL	SS	1	8.57%	3127.69%	5/18/10
AFL	L	1	5.64%	2059.67%	5/10/10
EWI	L	4	15.38%	1403.31%	5/10/10
MFE	SS	264	25.18%	34.82%	5/7/10
MDT	SS	149	3.50%	8.58%	5/7/10
MHS	SS	119	13.71%	42.05%	5/7/10
VECO	SS	8	7.18%	328.16%	5/7/10
STJ	SS	4	4.01%	365.90%	3/19/10
NFLX	SS	1	2.33%	4504.75%	3/16/10
ABX	SS	7	7.73%	403.13%	2/25/10
AVAV	SS	105	21.60%	75.08%	2/22/10
BCRX	SS	88	20.42%	84.68%	2/22/10
GC FUTURES	SS	31	5.30%	62.35%	1/15/10
ABX	SS	22	13.86%	229.93%	1/15/10
AAP	SS	231	11.07%	17.50%	1/15/10
QGLY	SS	213	37.50%	64.26%	1/15/10
NVDA	SS	19	3.24%	62.29%	1/15/10
NVAX	SS	44	23.91%	198.32%	1/15/10
APT	SS	49	21.87%	162.90%	1/15/10
WAG	SS	71	8.96%	46.06%	1/15/10
PAR	SS	12	13.85%	421.37%	1/15/10
PPC	L	433	182.08%	153.49%	12/30/09
BTIM	SS	1	13.93%	5083.17%	12/11/09
APOL	SS	164	19.33%	43.03%	12/10/09
VCI	L	1	9.37%	3420.57%	12/9/09
HEB	SS	11	56.43%	1872.40%	12/8/09
AZO	SS	192	2.71%	5.15%	12/7/09
AFFX	SS	159	17.17%	39.41%	12/7/09
BBH	SS	171	-7.21%	-15.39%	12/4/09
EPI	L	232	82.96%	130.52%	11/27/09
GCZ9	SS	3	1.35%	163.83%	11/27/09
UYG	L	225	98.04%	159.05%	11/23/09
GCZ9	SS	1	1.63%	595.14%	11/19/09
GCZ9	SS	1	1.07%	390.81%	11/13/09
CVS	L	5	7.46%	544.43%	11/10/09
GCZ9	SS	1	0.73%	267.93%	11/9/09
GRMN	SS	13	18.06%	507.10%	10/28/09
CNX	SS	1	8.61%	3143.98%	10/22/09
AMGN	SS	109	4.47%	14.96%	10/21/09
INTC	SS	3	6.37%	775.10%	10/16/09
NUVA	L	3	7.20%	875.52%	10/16/09
NNI	SS	52	12.15%	85.31%	10/6/09
CLZ9	SS	1	2.61%	952.29%	10/2/09
CLZ9	SS	1	2.24%	817.15%	10/1/09
CDE	L	80	77.77%	354.83%	9/24/09
OWW	SS	30	-9.50%	-115.58%	7/17/09
BTU	SS	26	13.42%	188.35%	7/15/09
CNX	SS	26	23.42%	328.84%	7/15/09
EXPE	SS	23	9.62%	152.59%	7/10/09
MLM	SS	27	4.38%	59.27%	7/8/09
CLQ9	SS	7	14.13%	736.98%	7/8/09
TIVO	SS	3	14.37%	1747.89%	7/2/09
PCLN	SS	9	-3.14%	-127.47%	6/26/09
WLP	SS	4	4.45%	406.46%	6/24/09
HUM	L	1	6.95%	2536.88%	6/18/09
SLM	SS	1	11.91%	4348.09%	6/18/09
NNI	SS	1	5.94%	2168.32%	6/18/09
VMC	SS	1	0.16%	59.42%	6/12/09
S	L	72	69.75%	353.57%	6/10/09
MRNA	SS	1	35.90%	13102.56%	6/10/09
YCS	L	9	3.90%	158.10%	6/10/09
IVC	SS	53	2.34%	16.13%	6/9/09
QDEL	SS	21	-10.81%	-187.81%	6/9/09
IP	SS	29	-4.53%	-56.97%	6/9/09
MWV	SS	29	-1.20%	-15.13%	6/9/09
WY	SS	29	3.60%	45.34%	6/9/09
COL	SS	4	4.90%	446.94%	6/9/09
LLY	SS	1	3.65%	1333.85%	6/9/09
INCY	SS	1	15.18%	5540.96%	6/9/09
ALKS	SS	1	6.52%	2380.43%	6/9/09
AMLN	SS	1	1.65%	603.04%	6/9/09
ALXN	SS	1	1.99%	728.06%	6/9/09
OSIP	SS	7	6.00%	313.00%	6/8/09
SNTA	SS	7	22.47%	1171.83%	6/8/09
EXEL	SS	7	9.04%	471.20%	6/8/09
PARD	L	7	11.91%	621.03%	6/8/09
BA	SS	3	0.38%	45.74%	6/8/09
DGP	L	181	67.93%	136.98%	6/5/09
THC	L	102	204.10%	730.37%	6/2/09
HMA	L	169	308.94%	667.24%	6/2/09
ARST	L	75	45.09%	219.43%	6/2/09
KEF	L	1	1.74%	634.78%	5/26/09
JOYG	SS	1	10.43%	3806.75%	5/21/09
BUCY	SS	1	9.16%	3343.51%	5/21/09
INP	L	128	36.09%	102.91%	5/18/09
MRK	SS	39	14.55%	136.16%	4/21/09
QCOM	L	169	12.78%	27.60%	4/3/09
PCX	L	39	-2.45%	-22.92%	3/24/09
SLT	L	11	34.33%	1139.29%	3/20/09
FWLT	SS	1	5.33%	1946.67%	3/16/09
FII	SS	33	18.86%	208.57%	3/10/09
ALO	L	70	7.31%	38.12%	1/6/09
DXO	L	9	45.21%	1833.52%	12/31/08
BMY	L	28	15.01%	195.64%	11/5/08
UYG	L	12	35.68%	1085.12%	11/5/08
CNX	SS	94	67.80%	263.28%	10/30/08
KG	SS	29	14.98%	188.48%	10/30/08
UBS	SS	22	5.84%	96.81%	10/14/08
IBN	SS	21	39.17%	680.73%	10/13/08
AXA	SS	21	29.64%	515.23%	10/13/08
RBS	SS	21	70.12%	1218.76%	10/13/08
BCS	SS	21	47.79%	830.70%	10/13/08
XL	SS	21	65.30%	1135.01%	10/13/08
VMW	SS	134	61.86%	168.50%	10/12/08
AMLN	SS	27	34.09%	460.84%	10/12/08
RHHBY	SS	74	26.59%	131.15%	10/12/08
AKAM	SS	42	36.89%	320.62%	10/12/08
SNDK	L	23	36.33%	576.59%	9/28/08
BCS	L	34	44.88%	481.78%	9/19/08
BAC	L	3	42.23%	5138.52%	9/19/08
ILMN	L	402	71.96%	65.33%	9/18/08
ERTS	L	16	9.39%	214.32%	9/3/08
QCOM	L	15	6.95%	169.20%	8/18/08
ANAD	L	1	19.68%	7182.26%	8/8/08
USO	L	115	17.81%	56.54%	7/28/08
SNDK	SS	7	27.17%	1416.93%	7/28/08
MOT	SS	293	62.99%	78.47%	7/27/08
AVID	SS	349	26.77%	28.00%	7/27/08
AFFX	SS	293	72.36%	90.15%	7/27/08
ANAD	SS	319	67.38%	77.10%	7/27/08
IBN	SS	91	33.69%	135.12%	7/25/08
GE	SS	97	12.00%	45.16%	7/25/08
KEY	SS	76	55.25%	265.34%	7/25/08
WFR	SS	70	47.47%	247.52%	7/24/08