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
CVS CAREMARK COM 126650100 586 6,081 SH   OTR 0 0 0 0
CHEVRON CORP COM 166764100 350 4,439 SH   OTR 0 0 0 0
CHOICE HOTELS COM 169905106 336 7,063 SH   OTR 0 0 0 0
COLGATE PALMOLIVE CO COM 194162103 340 5,367 SH   OTR 0 0 0 0
COMMUNITY BK COM 203607106 278 7,488 SH   OTR 0 0 0 0
DBX ETF TR XTRAK MSCI BRAZL 233051507 35,585 976,025 SH   SOLE 0 0 0 0
DISCOVERY LABORATORIES INC N COM 254668403 8 29,902 SH   OTR 0 0 0 0
DISNEY WALT CO COM 254687106 315 3,084 SH   SOLE 0 0 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 229 9,200 SH   OTR 0 0 0 0
FIDELITY MSCI HLTH CARE I 316092600 53,263 1,674,953 SH   SOLE 0 0 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 254 18,770 SH   SOLE 0 0 0 0
FREDERICK COUNTY BANCORP INC COM 355685108 268 11,661 SH   OTR 0 0 0 0
GENERAL ELECTRIC COM 369604103 380 15,099 SH   OTR 0 0 0 0
INTEL CORP COM 458140100 247 8,216 SH   OTR 0 0 0 0
IBM COM 459200101 573 3,959 SH   OTR 0 0 0 0
INTERSECTIONS INC COM 460981301 92 44,689 SH   OTR 0 0 0 0
ISHARES INC MSCI EMU 464286608 33,744 982,663 SH   SOLE 0 0 0 0
ISHARES INC MSCI PAC J IDX 464286699 18,224 1,111,951 SH   SOLE 0 0 0 0
ISHARES MSCI SZ CAP ETF 464286749 361 11,813 SH   SOLE 0 0 0 0
ISHARES TR TIPS BD ETF 464287176 5,683 51,347 SH   SOLE 0 0 0 0
ISHARES TR CORE S&P500 ETF 464287200 621 3,225 SH   SOLE 0 0 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 695 6,350 SH   SOLE 0 0 0 0
ISHARES TR BARCLYS 20+ YR 464287432 113,554 919,175 SH   SOLE 0 0 0 0
ISHARES TR S&P NA SOFTWR 464287515 582 6,158 SH   SOLE 0 0 0 0
ISHARES TR SOX SEMICND 464287523 986 12,112 SH   SOLE 0 0 0 0
ISHARES TR S&P NA MULTIMD 464287531 409 11,383 SH   SOLE 0 0 0 0
ISHARES TR N AMER TECH ETF 464287549 35,773 356,668 SH   SOLE 0 0 0 0
ISHARES TR DJ US TECH 464287721 96,010 970,785 SH   SOLE 0 0 0 0
ISHARES TR INTL TREA BD ETF 464288117 249 2,745 SH   SOLE 0 0 0 0
ISHARES TR BARCLYS MBS BD 464288588 661 6,035 SH   SOLE 0 0 0 0
ISHARES TR BARCLYS 3-7 YR 464288661 5,124 41,114 SH   SOLE 0 0 0 0
ISHARES SHRT TRS BD ETF 464288679 7,805 70,762 SH   SOLE 0 0 0 0
ISHARES TR DJ HOME CONSTN 464288752 34,990 1,340,641 SH   SOLE 0 0 0 0
ISHARES TR DJ HEALTH CARE 464288828 959 7,742 SH   SOLE 0 0 0 0
ISHARES TR DJ PHARMA 464288836 508 3,433 SH   SOLE 0 0 0 0
ISHARES 16 AMT-FREE ETF 464289313 245 9,240 SH   SOLE 0 0 0 0
JOHNSON & JOHNSON COM 478160104 894 9,587 SH   OTR 0 0 0 0
MCCORMICK & CO INC COM 579780107 349 4,256 SH   OTR 0 0 0 0
MICROSOFT CORP COM 594918104 509 11,514 SH   OTR 0 0 0 0
PNC FINL SVCS GROUP INC COM 693475105 277 3,106 SH   OTR 0 0 0 0
PFIZER INC COM 717081103 233 7,443 SH   OTR 0 0 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 212 7,003 SH   SOLE 0 0 0 0
PROCTOR & GAMBLE COM 742718108 651 9,051 SH   OTR 0 0 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 363 11,886 SH   SOLE 0 0 0 0
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 538 10,611 SH   SOLE 0 0 0 0
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 14,603 295,025 SH   SOLE 0 0 0 0
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 765 14,678 SH   SOLE 0 0 0 0
SCHWAB STRAT INTRM TRM TRES 808524854 274 5,027 SH   SOLE 0 0 0 0
SOUTHERN CO COM 842587107 274 6,137 SH   OTR 0 0 0 0
SPECTRA ENERGY CORP COM 847560109 277 10,577 SH   OTR 0 0 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 138 26,600 SH   OTR 0 0 0 0
UBS AG JERSEY BRH DJ COMMD ETN39 902641679 171 10,722 SH   SOLE 0 0 0 0
UBS AG JERSEY BRH CMCI ETN 38 902641778 309 22,937 SH   SOLE 0 0 0 0
UNDER ARMOUR INC CL A 904311107 353 3,648 SH   SOLE 0 0 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 200 2,495 SH   SOLE 0 0 0 0
VEECO INSTRS INC DEL COM 922417100 1,837 89,585 SH   OTR 0 0 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 995 5,667 SH   SOLE 0 0 0 0
WISDOMTREE TR COM 97717W786 343 9,004 SH   OTR 0 0 0 0
AT&T INC COM 00206R102 356 10,952 SH   OTR 0 0 0 0
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 278 25,163 SH   OTR 0 0 0 0
ALTRIA GROUP INC COM 02209S103 242 4,462 SH   OTR 0 0 0 0
AMERICAN ELEC PWR INC COM 025537101 511 8,987 SH   OTR 0 0 0 0
AMGEN INC COM 031162100 363 2,625 SH   OTR 0 0 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 17,229 704,670 SH   SOLE 0 0 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 84670702 376 2,889 SH   SOLE 0 0 0 0
CISCO SYS INC COM 17275R102 235 8,966 SH   OTR 0 0 0 0
CLAYMORE EXCH SHT DUR 18383M654 1,784 35,654 SH   SOLE 0 0 0 0
DOMINION RES INC VA NEW COM 25746U109 762 10,835 SH   OTR 0 0 0 0
EXELON CORP COM 30161N101 241 8,128 SH   OTR 0 0 0 0
EXXON MOBIL COM 30231G102 1,224 16,466 SH   OTR 0 0 0 0
GLOBAL X FDS GLB X MLP ENERG I 37950E226 363 26,829 SH   SOLE 0 0 0 0
GOOGLE INC CL A 38259P508 2,594 4,163 SH   SOLE 0 0 0 0
MERCK & CO INC NEW COM 58933Y105 827 12,191 SH   OTR 0 0 0 0
NEXTERA ENERGY INC COM 65339F101 305 3,130 SH   OTR 0 0 0 0
PIMCO INCOME STRATEGY FUND I COM 72201J104 95 10,750 SH   OTR 0 0 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 566 5,986 SH   SOLE 0 0 0 0
PIMCO ETF TR INTER MUN BD ST 72201R866 294 5,535 SH   SOLE 0 0 0 0
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 137 33,460 SH   SOLE 0 0 0 0
POWERSHARES DYN SFTWR 73935X773 444 11,085 SH   SOLE 0 0 0 0
POWERSHARES GLOBAL ETF TRUST INSUR NATL MUN 73936T474 728 29,112 SH   SOLE 0 0 0 0
POWERSHARES ACT MANG COMM FD DB OPT YLD DIV 73937V106 1,380 78,846 SH   SOLE 0 0 0 0
RYDEX ETF TRUST GUG S&P500EQWTTE 78355W817 1,553 18,250 SH   SOLE 0 0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 515 2,690 SH   SOLE 0 0 0 0
SPDR GOLD TR GOLD SHS 78463V107 224 2,102 SH   SOLE 0 0 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 6,441 190,286 SH   SOLE 0 0 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 329 9,250 SH   SOLE 0 0 0 0
SPDR SERIES TRST SHT MUNI 78464A425 3,915 160,719 SH   SOLE 0 0 0 0
SPDR SERIES TRST BRCLY MUNI 78464A458 9,145 379,341 SH   SOLE 0 0 0 0
SPDR SERIES TRST S&P INS ETF 78464A789 739 10,954 SH   SOLE 0 0 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 873 19,080 SH   SOLE 0 0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 214 3,234 SH   SOLE 0 0 0 0
SELECT SPDR TR CONS STPLS 81369Y308 62,892 1,332,741 SH   SOLE 0 0 0 0
SELECT SPDR TR CONS DISCR 81369Y407 65,677 884,431 SH   SOLE 0 0 0 0
SELECT SPDR TR INT-ENERGY 81369Y506 866 14,151 SH   SOLE 0 0 0 0
SELECT SPDR TR INT-FINL 81369Y605 87,289 3,852,145 SH   SOLE 0 0 0 0
SELECT SPDR TR INT-INDS 81369Y704 26,808 537,359 SH   SOLE 0 0 0 0
SELECT SPDR TR INT-UTILS 81369Y886 33,942 784,083 SH   SOLE 0 0 0 0
3M CO COM 88579Y101 402 10,824 SH   OTR 0 0 0 0
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 302 6,525 SH   SOLE 0 0 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 48,531 395,979 SH   SOLE 0 0 0 0
VANGUARD WORLD FDS TELCOMM ETF 92204A884 292 3,716 SH   SOLE 0 0 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 313 7,208 SH   OTR 0 0 0 0
WISDOMTREE TR BLMBG US BULL 97717W471 60,652 2,102,344 SH   SOLE 0 0 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 261 5,370 SH   SOLE 0 0 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 20,453 374,270 SH   SOLE 0 0 0 0