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
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,652 10,056 SH   SOLE 0 0 0 10,056
ISHARES MSCI JAPAN ETF 464286848 102 8,990 SH   SOLE 0 0 0 8,990
ISHARES S&P MC 400VL ETF 464287705 147 1,222 SH   SOLE 0 0 0 1,222
ISHARES RUS 1000 ETF 464287622 27 256 SH   SOLE 0 0 0 256
ISHARES RUSSELL 2000 ETF 464287655 18 157 SH   SOLE 0 0 0 157
ISHARES U.S. REAL ES ETF 464287739 5,977 88,329 SH   SOLE 0 0 0 88,329
SPDR S&P 500 ETF TR TR UNIT 78462F103 25,980 138,924 SH   SOLE 0 0 0 138,924
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 6,305 152,073 SH   SOLE 0 0 0 152,073
ISHARES MSCI EAFE ETF 464287465 4,139 61,592 SH   SOLE 0 0 0 61,592
MICROSOFT CORP COM 594918104 5 113 SH   SOLE 0 0 0 113
ISHARES MSCI PAC JP ETF 464286665 52 1,087 SH   SOLE 0 0 0 1,087
VERIZON COMMUNICATIONS INC COM 92343V104 12 244 SH   SOLE 0 0 0 244
ISHARES MSCI CDA ETF 464286509 103 3,478 SH   SOLE 0 0 0 3,478
ISHARES RUS MID-CAP ETF 464287499 24 156 SH   SOLE 0 0 0 156
SPDR SERIES TRUST DJ REIT ETF 78464A607 10 129 SH   SOLE 0 0 0 129
ISHARES U.S. ENERGY ETF 464287796 2,305 45,209 SH   SOLE 0 0 0 45,209
ISHARES U.S. FINLS ETF 464287788 3,889 47,571 SH   SOLE 0 0 0 47,571
ISHARES US HLTHCARE ETF 464287762 2,213 17,986 SH   SOLE 0 0 0 17,986
ISHARES U.S. TECH ETF 464287721 2,252 24,733 SH   SOLE 0 0 0 24,733
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 3,600 76,134 SH   SOLE 0 0 0 76,134
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,309 14,703 SH   SOLE 0 0 0 14,703
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,287 102,367 SH   SOLE 0 0 0 102,367
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,313 25,090 SH   SOLE 0 0 0 25,090
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,326 36,482 SH   SOLE 0 0 0 36,482
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 3,118 72,413 SH   SOLE 0 0 0 72,413
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,333 22,786 SH   SOLE 0 0 0 22,786
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,262 19,496 SH   SOLE 0 0 0 19,496
ISHARES 1-3 YR TR BD ETF 464287457 2,288 27,097 SH   SOLE 0 0 0 27,097
ISHARES 7-10 Y TR BD ETF 464287440 214 2,106 SH   SOLE 0 0 0 2,106
ISHARES IBOXX INV CP ETF 464287242 226 1,933 SH   SOLE 0 0 0 1,933
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 176 1,590 SH   SOLE 0 0 0 1,590
ISHARES MSCI EMG MKT ETF 464287234 3,385 82,532 SH   SOLE 0 0 0 82,532
PG&E CORP COM 69331C108 5 107 SH   SOLE 0 0 0 107
ISHARES CORE TOTUSBD ETF 464287226 13,348 123,697 SH   SOLE 0 0 0 123,697
SPDR GOLD TRUST GOLD SHS 78463V107 176 1,426 SH   SOLE 0 0 0 1,426
VANGUARD WORLD FDS ENERGY ETF 92204A306 182 1,414 SH   SOLE 0 0 0 1,414
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 185 1,729 SH   SOLE 0 0 0 1,729
VANGUARD INDEX FDS SM CP VAL ETF 922908611 148 1,467 SH   SOLE 0 0 0 1,467
VANGUARD INDEX FDS REIT ETF 922908553 161 2,283 SH   SOLE 0 0 0 2,283
VANGUARD WORLD FDS MATERIALS ETF 92204A801 184 1,733 SH   SOLE 0 0 0 1,733
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 184 4,032 SH   SOLE 0 0 0 4,032
VANGUARD WORLD FDS UTILITIES ETF 92204A876 191 2,110 SH   SOLE 0 0 0 2,110
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 84 3,201 SH   SOLE 0 0 0 3,201
VANGUARD WORLD FDS INF TECH ETF 92204A702 184 2,011 SH   SOLE 0 0 0 2,011
ISHARES SILVER TRUST ISHARES 46428Q109 2,074 108,938 SH   SOLE 0 0 0 108,938
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 175 1,656 SH   SOLE 0 0 0 1,656
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 182 1,807 SH   SOLE 0 0 0 1,807
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,222 51,770 SH   SOLE 0 0 0 51,770
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 317 5,378 SH   SOLE 0 0 0 5,378
WISDOMTREE TR JAPN HEDGE EQT 97717W851 5 96 SH   SOLE 0 0 0 96
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 2,987 245,873 SH   SOLE 0 0 0 245,873
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 4 41 SH   SOLE 0 0 0 41
POWERSHARES ETF TRUST FINL PFD PTFL 73935X229 8 448 SH   SOLE 0 0 0 448
ISHARES SHRT TRS BD ETF 464288679 143 1,297 SH   SOLE 0 0 0 1,297
ISHARES IBOXX HI YD ETF 464288513 561 5,946 SH   SOLE 0 0 0 5,946
ISHARES MBS ETF 464288588 215 2,026 SH   SOLE 0 0 0 2,026
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 47 1,908 SH   SOLE 0 0 0 1,908
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1,731 29,154 SH   SOLE 0 0 0 29,154
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 5 192 SH   SOLE 0 0 0 192
PROSHARES TR SHRT 20+YR TRE 74347X849 3,099 102,050 SH   SOLE 0 0 0 102,050
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 87 5,076 SH   SOLE 0 0 0 5,076
ALPS ETF TR ALERIAN MLP 00162Q866 14 813 SH   SOLE 0 0 0 813
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2,382 13,904 SH   SOLE 0 0 0 13,904
PROSHARES TR II VIX MDTRM FUTR 74347W684 2,487 134,414 SH   SOLE 0 0 0 134,414
FIRST TR EXCH TRD ALPHA FD I JAPAN ALPHADEX 33737J158 2,609 59,624 SH   SOLE 0 0 0 59,624
FIRST TR EXCNGE TRD ALPHADEX SML CAP VAL AL 33737M409 4,091 125,414 SH   SOLE 0 0 0 125,414
ISHARES TR FLTG RATE BD ETF 46429B655 215 4,245 SH   SOLE 0 0 0 4,245
FLEXSHARES TR IBOXX 3R TARGT 33939L506 5 209 SH   SOLE 0 0 0 209
PROSHARES TR II SHT VIX ST TRM 74347W627 8 128 SH   SOLE 0 0 0 128
RETAIL PPTYS AMER INC CL A 76131V202 8 600 SH   SOLE 0 0 0 600