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
Estimated average burden
hours per response: 23.8
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
WORKDAY INC CL A 98138H101 236 2,839 SH   SOLE   0 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 554 10,011 SH   SOLE   0 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 36,590 719,717 SH   SOLE   0 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 258 5,261 SH   OTR   0 0 0
VANGUARD WORLD FDS TELCOMM ETF 92204A884 376 4,505 SH   SOLE   0 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 61,215 605,489 SH   SOLE   0 0 0
UBS AG JERSEY BRH CMCI ETN 38 902641778 283 13,870 SH   SOLE   0 0 0
3M CO COM 88579Y101 468 3,340 SH   SOLE   0 0 0
SELECT SPDR TR INT-UTILS 81369Y886 868 22,866 SH   SOLE   0 0 0
SELECT SPDR TR INT-UTILS 81369Y886 858 22,971 SH   SOLE   0 0 0
SELECT SPDR TR INT-INDS 81369Y704 81,053 1,550,968 SH   SOLE   0 0 0
SELECT SPDR TR INT-FINL 81369Y605 38,464 1,759,592 SH   SOLE   0 0 0
SELECT SPDR TR INT-ENERGY 81369Y506 65,875 744,269 SH   SOLE   0 0 0
SELECT SPDR TR CONS DISCR 81369Y407 88,797 1,328,707 SH   SOLE   0 0 0
SELECT SPDR TR CONS DISCR 81369Y407 79,960 1,318,822 SH   SOLE   0 0 0
SELECT SPDR TR CONS STPLS 81369Y308 55,342 1,287,644 SH   OTR   0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369y209 2,045 36,891 SH   SOLE   0 0 0
SELECT SPDR TR MATERIALS 81369Y100 16,294 352,544 SH   SOLE   0 0 0
SANDSTORM GOLD LTD COM 80013R206 36 150,000 SH   OTR   0 0 0
SANDSTORM GOLD LTD COM 80013R131 52 72,900 SH   SOLE   0 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,639 8,157 SH   OTR   0 0 0
SPDR SERIES TRST S&P BK ETF 78464A797 233 7,035 SH   OTR   0 0 0
SPDR SERIES TRST S&P INS ETF 78464A789 39,372 624,072 SH   OTR   0 0 0
SELECT SPDR TR S&P METALS MNG 78464A755 867 20,616 SH   SOLE   0 0 0
SELECT SPDR TR S&P METALS MNG 78464A755 765 20,896 SH   SOLE   0 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 452 6,605 SH   OTR   0 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 434 6,605 SH   OTR   0 0 0
SELECT SPDR TR S&P PHARMAC 78464A722 385 4,378 SH   OTR   0 0 0
SELECT SPDR TR S&P PHARMAC 78464A722 332 4,318 SH   SOLE   0 0 0
SPDR SERIES TRST S&P REGL BKG 78464A698 26,820 660,439 SH   OTR   0 0 0
SPDR GOLD TR GOLD SHS 78463V107 1,774 15,282 SH   SOLE   0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 5,457 29,548 SH   SOLE   0 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355w833 732 8,945 SH   SOLE   0 0 0
RYDEX ETF TRUST GUG S&P500EQWTTE 78355W817 31,851 413,285 SH   SOLE   0 0 0
RYDEX ETF TRUST GUG RUSS TOP 50 78355W205 1,126 8,671 SH   SOLE   0 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355w106 397 9,114 SH   SOLE   0 0 0
ROCK-TENN CO CL A 772739207 169 12,627 SH   SOLE   0 0 0
PRICE T ROWE GROUP INC COM 74144T108 251 3,000 SH   SOLE   0 0 0
POWERSHARES DYN SEMCT 73935X781 528 27,985 SH   SOLE   0 0 0
POWERSHARES DYN SFTWR 73935X773 8,353 231,267 SH   SOLE   0 0 0
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 213 33,460 SH   SOLE   0 0 0
POWERSHARES ETF TRUST DYNAMIC MKT PT 73935X104 267 5,810 SH   SOLE   0 0 0
MICROSOFT CORP COM 594918104 761 20,360 SH   SOLE   0 0 0
METLIFE INC COM 59156r108 538 9,992 SH   OTR   0 0 0
MERCK & CO INC NEW COM 58933Y105 352 7,048 SH   SOLE   0 0 0
MARKET VECTORS ETF TR MV STEEL INDEX 57060u308 5,997 120,629 SH   SOLE   0 0 0
ISHARES TR DJ MED DEVICES 57060u308 1,093 11,780 SH   OTR   0 0 0
INTEL CORP COM 458140100 540 20,822 SH   SOLE   0 0 0
GOOGLE INC CL A 38259P508 2,616 2,335 SH   OTR   0 0 0
GLOBAL X FDS FTSE GREECE 20 37950e366 469 20,850 SH   OTR   0 0 0
FIRST TR EXCHANGE TRADED FD INDLS PROD DUR 33734X150 4,700 165,553 SH   SOLE   0 0 0
FIRST TR EXCHANGE TRADED FD NY ARCA BIOTECH 33733E203 246 5,375 SH   OTR   0 0 0
EXXON MOBIL COM 30231G102 2,213 21,868 SH   SOLE   0 0 0
EXXON MOBIL COM 30231G102 1,903 22,118 SH   SOLE   0 0 0
DOMINION RES INC VA NEW COM 25746U109 524 8,111 SH   SOLE   0 0 0
DIGITALGLOBE INC COM 25389M877 227 5,522 SH   OTR   0 0 0
CTPARTNERS EXECUTIVE SEARCH COM 22945C105 1,204 215,009 SH   SOLE   0 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG SHIPPNG ETF 18383Q796 4,734 219,281 SH   SOLE   0 0 0
CIBER INC COM 17163B102 80 19,434 SH   OTR   0 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 601 5,070 SH   OTR   0 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 250 6,810 SH   SOLE   0 0 0
BANK OF AMER COM 060505104 219 14,126 SH   OTR   0 0 0
APPLE INC COM 037833100 464 828 SH   OTR   0 0 0
AMGEN INC COM 031162100 449 3,942 SH   OTR   0 0 0
AMERICAN EXPRESS CO COM 025816109 284 3,140 SH   OTR   0 0 0
AMERICAN ELEC PWR INC COM 025537101 260 5,566 SH   OTR   0 0 0
AT&T INC COM 00206R102 289 8,228 SH   OTR   0 0 0
WAL-MART COM 931142103 567 7,218 SH   SOLE   0 0 0
URS CORP NEW COM 903236107 215 4,060 SH   SOLE   0 0 0
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 328 10,424 SH   SOLE   0 0 0
SCHWAB CHARLES CORP NEW COM 808513105 173 14,931 SH   SOLE   0 0 0
PROCTOR & GAMBLE COM 742718108 785 9,644 SH   OTR   0 0 0
PHILIP MORRIS INTL INC COM 718172109 215 2,469 SH   OTR   0 0 0
PFIZER INC COM 717081103 309 10,096 SH   SOLE   0 0 0
PPG INDS INC COM 693506107 232 1,228 SH   OTR   0 0 0
JOHNSON & JOHNSON COM 478160104 743 8,117 SH   OTR   0 0 0
ISHARES TR MSCI EURO FINL 464289180 272 10,847 SH   OTR   0 0 0
ISHARES TR DJ PHARMA 464288836 1,987 16,830 SH   OTR   0 0 0
ISHARES TR DJ HEALTH CARE 464288828 419 4,495 SH   OTR   0 0 0
ISHARES TR DJ HOME CONSTN 464288752 25,952 1,045,622 SH   OTR   0 0 0
ISHARES TR S&P EURO PLUS 464287861 930 19,609 SH   OTR   0 0 0
ISHARES TR CONS GOODS IDX 464287812 458 7,460 SH   SOLE   0 0 0
ISHARES TR RUSSELL 2000 464287655 34,874 302,310 SH   OTR   0 0 0
ISHARES TR RUSL 2000 GROW 464287648 731 5,395 SH   OTR   0 0 0
ISHARES TR S&P NA MULTIMD 464287531 1,240 38,563 SH   OTR   0 0 0
ISHARES TR SOX SEMICND 464287523 29,185 401,393 SH   SOLE   0 0 0
ISHARES TR S&P NA SOFTWR 464287515 34,564 421,162 SH   OTR   0 0 0
ISHARES TR CORE S&P MCP ETF 464287507 215 1,770 SH   SOLE   0 0 0
ISHARES TR MSCI EAFE INDEX 464287465 239 3,565 SH   OTR   0 0 0
ISHARES TR MSCI EMERG MKT 464287234 538 12,894 SH   SOLE   0 0 0
ISHARES INC MSCI PAC J IDX 464286699 23,202 1,111,217 SH   OTR   0 0 0
INTERSECTIONS INC COM 460981301 116 15,011 SH   OTR   0 0 0
IBM COM 459200101 645 3,440 SH   SOLE   0 0 0
GENERAL ELECTRIC COM 369604103 734 26,213 SH   OTR   0 0 0
DISNEY WALT CO COM 254687106 209 2,743 SH   OTR   0 0 0
COMMUNITY BK COM 203607106 297 7,488 SH   SOLE   0 0 0
COLGATE PALMOLIVE CO COM 194162103 330 5,062 SH   OTR   0 0 0
CHOICE HOTELS COM 169905106 286 5,843 SH   OTR   0 0 0
CHEVRON CORP COM 166764100 511 4,095 SH   SOLE   0 0 0
CVS CAREMARK COM 126650100 449 6,277 SH   SOLE   0 0 0
BP PLC SPONSORED ADR 55622104 291 6,002 SH   OTR   0 0 0