The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
FIRST TR ISE REVERE NAT GAS COM 33733E807 5,086 233,860 SH   SOLE   233,860 0 0
Rydex ETF TR Gug Russ Top 50 78355w205 1,092 6,135 SH   SOLE   6,135 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369y704 5,041 71,000 SH   SOLE   71,000 0 0
ISHARES TR Core S&P 500 ETF 464287200 400 1,580 SH   SOLE   1,580 0 0
ISHARES TR S&P NA MULTIMD 464287531 5,070 109,910 SH   SOLE   109,910 0 0
ISHARES Tr NASDQ BIO INDX 464287556 5,608 16,810 SH   SOLE   16,810 0 0
ISHARES TR Select Divid ETF 464287168 12,206 130,335 SH   SOLE   130,335 0 0
ISHARES TR DJ MED DEVICES 464288810 5,555 33,260 SH   SOLE   33,260 0 0
ISHARES TR TRANSP AVE IDX 464287192 5,547 31,090 SH   SOLE   31,090 0 0
Powershares ETF Trust KBW BK Port 73937B746 11,878 231,990 SH   SOLE   231,990 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 3,508 24,120 SH   SOLE   24,120 0 0
RYDEX ETF TR S&P 500 EQ TRD 78355W106 9,004 94,245 SH   SOLE   94,245 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 788 14,590 SH   SOLE   14,590 0 0
Select Sec Spdr Tr SBI Materials 81369Y100 5,013 88,260 SH   SOLE   88,260 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 10,821 183,090 SH   SOLE   183,090 0 0
SPDR S&P 500 ETF TR TR UNIT 78462f103 3,281 13,060 SH   SOLE   13,060 0 0
SPDR SERIES TRUST Aerospace Defens 78464a631 5,263 65,950 SH   SOLE   65,950 0 0
SPDR SERIES TRUST S&P INS ETF 78464a789 5,270 58,560 SH   SOLE   58,560 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,348 4,130 SH   SOLE   4,130 0 0
SPDR SERIES TRUST S&P REGL BKG 78464a698 5,546 97,710 SH   SOLE   97,710 0 0
SPDR Series Tr S&P Biotech 78464A870 355 4,100 SH   SOLE   4,100 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 5,264 154,410 SH   SOLE   154,410 0 0
MARKET VECTORS ETF GOLD MINE ETF 92189F106 5,055 220,145 SH   SOLE   220,145 0 0
Vanguard Index Funds SM CAP GRW ETF 922908595 1,843 12,075 SH   SOLE   12,075 0 0
Vanguard World Fd Cons Dis ETF 92204A108 986 6,880 SH   SOLE   6,880 0 0
I SHARES ETF EMMKT MIN VOL 464286533 331 5,690 SH   SOLE   5,690 0 0
iShares Latin America 464287390 3,872 110,340 SH   SOLE   110,340 0 0
I SHARES TR MSCI AC ASIA 464288182 4,634 64,170 SH   SOLE   64,170 0 0
ISHARES INC MSCI AUSTRALIA 464286103 2,730 121,640 SH   SOLE   121,640 0 0
ISHARES INC MSCI CHILE INVES 464286640 1,627 33,460 SH   SOLE   33,460 0 0
ISHARES TR MSCI SMALL CAP 464288273 6,790 109,520 SH   SOLE   109,520 0 0
ISHARES INC MSCI GERMAN 464286806 1,999 61,650 SH   SOLE   61,650 0 0
ISHARES INC MSCI HONG KONG 464286871 2,476 100,280 SH   SOLE   100,280 0 0
ISHARES INC MSCI JAPAN 46434g822 4,381 78,635 SH   SOLE   78,635 0 0
ISHARES ETF MSCI Japan SMC 464286582 522 7,040 SH   SOLE   7,040 0 0
ISHARES INC MSCI TAIWAN 46434g772 1,196 33,120 SH   SOLE   33,120 0 0
Vanguard Intl Equity Ind FTSE Europe ETF 922042874 491 8,410 SH   SOLE   8,410 0 0
VANGUARD INTL EQUITY FTSE EMR MKT 922042858 5,015 115,110 SH   SOLE   115,110 0 0
VANGUARD MSCI PACIFIC ETF MSCI PAC ETF 922042866 324 4,750 SH   SOLE   4,750 0 0
Wisdomtree Tr Europe SMCP Dv 97717W869 2,036 29,310 SH   SOLE   29,310 0 0
WISDOMTREE TR INDIA ERNGS FD 97717w422 1,945 77,280 SH   SOLE   77,280 0 0
Wisdomtree Japan SMCAP Div 97717w836 2,044 27,240 SH   SOLE   27,240 0 0