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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC PHARMACEUTICALS PORTFOLIO ETF 73935X799 14,116 334,023 SH   SOLE   334,023 0 0
ISHARES NASDAQ BIOTECHNOLOGY ETF ETF 464287556 13,826 79,516 SH   SOLE   79,516 0 0
SPDR SER TR S&P BIOTECH ETF ETF 78464A870 9,741 93,427 SH   SOLE   93,427 0 0
ISHARES U S HEALTHCARE ETF ETF 464287762 9,929 99,105 SH   SOLE   99,105 0 0
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC MEDIA PORTFOLIO ETF 73935X823 3,302 157,453 SH   SOLE   157,453 0 0
MARKET VECTORS ETF TRUST BIOTECH ETF ETF 57060U183 12,747 186,055 SH   SOLE   186,055 0 0
REVENUESHARES ETF TR S&P 500 FINANCIALS SECTOR FD ETF 761396506 10,565 267,699 SH   SOLE   267,699 0 0
GUGGENHEIM SPINOFF ETF ETF 18383M605 8,634 233,804 SH   SOLE   233,804 0 0
SPDR SER TR S&P INS ETF ETF 78464A789 12,425 230,173 SH   SOLE   230,173 0 0
FIRST TR NASDAQ CLEAN EDGE GREEN ENERGY INDEX FD ETF 33733E500 3,438 243,395 SH   SOLE   243,395 0 0
DBX ETF TR XTRAK MSCI JAPN ETF 233051507 3,462 102,678 SH   SOLE   102,678 0 0
SPDR SER TR S&P HOMEBUILDERS ETF ETF 78464A888 2,599 88,344 SH   SOLE   88,344 0 0
SPDR SER TR S&P TRANSN ETF ETF 78464A532 9,369 140,560 SH   SOLE   140,560 0 0
POWERSHARES EXCHANGE TRADED FD TR II KBW PROPERTY & CASUALTY INS PORT ETF 73936Q777 665 18,996 SH   SOLE   18,996 0 0
ISHARES U S HOME CONSTRUCTION ETF ETF 464288752 3,922 175,258 SH   SOLE   175,258 0 0
VANGUARD SECTOR INDEX FDS VANGUARD HEALTH CARE VIPERS ETF 92204A504 2,671 30,917 SH   SOLE   30,917 0 0