AT&T INC COM 00206R102 1262 32225 SH SOLE 21875 0 10350 ABBVIE INC COM 00287Y109 25593 448050 SH SOLE 245950 0 202100 ALPHABET INC CAP STK CL A 02079K305 13618 17850 SH SOLE 9900 0 7950 ALPHABET INC CAP STK CL C 02079K107 8510 11423 SH SOLE 6033 0 5390 AMAZON COM INC COM 023135106 25512 42975 SH SOLE 23475 0 19500 AUTOMATIC DATA PROCESSING IN COM 053015103 632 7050 SH SOLE 0 0 7050 CARNIVAL CORP PAIRED CTF 143658300 2752 52150 SH SOLE 40900 0 11250 CBS CORP NEW CL B 124857202 12172 220950 SH SOLE 108400 0 112550 CITIGROUP INC COM NEW 172967424 2507 60050 SH SOLE 60050 0 0 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 23507 297175 SH SOLE 157125 0 140050 SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 37383 704550 SH SOLE 403775 0 300775 COSTCO WHSL CORP NEW COM 22160K105 29593 187795 SH SOLE 104270 0 83525 CVS HEALTH CORP COM 126650100 638 6150 SH SOLE 0 0 6150 E M C CORP MASS COM 268648102 651 24425 SH SOLE 2900 0 21525 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 14241 230100 SH SOLE 112500 0 117600 FACEBOOK INC CL A 30303M102 25926 227225 SH SOLE 123875 0 103350 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 60757 2700300 SH SOLE 1447650 0 1252650 FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 2132 31225 SH SOLE 31225 0 0 GENERAL ELECTRIC CO COM 369604103 454 14275 SH SOLE 3225 0 11050 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 13367 197205 SH SOLE 121705 0 75500 HILTON WORLDWIDE HLDGS INC COM 43300A104 2484 110300 SH SOLE 110300 0 0 HOME DEPOT INC COM 437076102 24428 183075 SH SOLE 90525 0 92550 HONEYWELL INTL INC COM 438516106 30503 272225 SH SOLE 149375 0 122850 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 28559 514850 SH SOLE 304750 0 210100 ISHARES TR 1-3 YR CR BD ETF 464288646 3223 30570 SH SOLE 27950 0 2620 ISHARES TR IBOXX INV CP ETF 464287242 2464 20740 SH SOLE 20260 0 480 ISHARES TR INTERM CR BD ETF 464288638 2500 22795 SH SOLE 0 0 22795 ISHARES TR NASDQ BIOTEC ETF 464287556 1976 7575 SH SOLE 7575 0 0 JPMORGAN CHASE & CO COM 46625H100 22199 374850 SH SOLE 206525 0 168325 JOHNSON & JOHNSON COM 478160104 2459 22725 SH SOLE 17225 0 5500 KIMBERLY CLARK CORP COM 494368103 24074 178975 SH SOLE 98875 0 80100 SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 15207 339375 SH SOLE 193950 0 145425 OFFICE DEPOT INC COM 676220106 1654 232900 SH SOLE 232900 0 0 ORACLE CORP COM 68389X105 23901 584225 SH SOLE 285975 0 298250 PIONEER NAT RES CO COM 723787107 15580 110700 SH SOLE 58225 0 52475 ROPER TECHNOLOGIES INC COM 776696106 320 1750 SH SOLE 0 0 1750 SCHLUMBERGER LTD COM 806857108 2714 36800 SH SOLE 36800 0 0 SCHWAB STRATEGIC TR US REIT ETF 808524847 2230 53875 SH SOLE 53875 0 0 SHERWIN WILLIAMS CO COM 824348106 313 1100 SH SOLE 0 0 1100 SMITH A O COM 831865209 14758 193400 SH SOLE 110725 0 82675 TE CONNECTIVITY LTD REG SHS H84989104 582 9400 SH SOLE 0 0 9400 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 75623 1704750 SH SOLE 996850 0 707900 THERMO FISHER SCIENTIFIC INC COM 883556102 23617 166800 SH SOLE 82100 0 84700 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 19899 401025 SH SOLE 201025 0 200000 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 7938 183960 SH SOLE 183960 0 0 VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 592 6810 SH SOLE 5550 0 1260 DISNEY WALT CO COM DISNEY 254687106 355 3575 SH SOLE 725 0 2850 WHIRLPOOL CORP COM 963320106 3390 18800 SH SOLE 18800 0 0 ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 98 16750 SH SOLE 16750 0 0 GERDAU S A SPON ADR REP PFD 373737105 63 35600 SH SOLE 35600 0 0 ICICI BK LTD ADR 45104G104 87 12125 SH SOLE 12125 0 0