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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
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
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 206 1,418 SH   SOLE 0 0 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 2,524 26,623 SH   SOLE 0 0 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 3,266 38,672 SH   SOLE 0 0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,447 11,905 SH   SOLE 0 0 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1,529 16,737 SH   SOLE 0 0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 803 9,271 SH   SOLE 0 0 0 0
PROSHARES TR ULTSHRT QQQ 74348A426 520 33,622 SH   SOLE 0 0 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 1,451 14,175 SH   SOLE 0 0 0 0
OPPENHEIMER REV WEIGHTD ETF LARGE CAP REV ET 68386C104 1,592 33,217 SH   SOLE 0 0 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 1,572 15,442 SH   SOLE 0 0 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 2,047 65,964 SH   SOLE 0 0 0 0
DBX ETF TR XTRAK MSCI EMKT 233051101 684 29,288 SH   SOLE 0 0 0 0
ISHARES TR FLTG RATE NT ETF 46429B655 4,664 91,562 SH   SOLE 0 0 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 1,468 35,796 SH   SOLE 0 0 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 7,198 57,996 SH   DFND 1 0 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,651 44,676 SH   DFND 1 0 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 4,932 111,979 SH   DFND 1 0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,967 49,082 SH   DFND 1 0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 2,500 28,884 SH   DFND 1 0 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 4,867 47,549 SH   DFND 1 0 0 0
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 2,427 81,782 SH   DFND 1 0 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 4,760 46,762 SH   DFND 1 0 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 11,892 235,961 SH   DFND 1 0 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 6,058 195,228 SH   DFND 1 0 0 0
ISHARES TR FLTG RATE NT ETF 46429B655 21,464 421,349 SH   DFND 1 0 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 4,764 116,177 SH   DFND 1 0 0 0