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 1,938 11,375 SH   SOLE 0 0 0 11,375
ISHARES MSCI JAPAN ETF 464286848 3 281 SH   SOLE 0 0 0 281
ISHARES CORE S&P MCP ETF 464287507 51 371 SH   SOLE 0 0 0 371
ISHARES RUS 1000 ETF 464287622 28 256 SH   SOLE 0 0 0 256
ISHARES RUSSELL 2000 ETF 464287655 17 157 SH   SOLE 0 0 0 157
ISHARES U.S. REAL ES ETF 464287739 7 97 SH   SOLE 0 0 0 97
SPDR S&P 500 ETF TR TR UNIT 78462F103 24,182 122,413 SH   SOLE 0 0 0 122,413
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,932 93,544 SH   SOLE 0 0 0 93,544
ISHARES MSCI EAFE ETF 464287465 3,774 58,811 SH   SOLE 0 0 0 58,811
MICROSOFT CORP COM 594918104 6 123 SH   SOLE 0 0 0 123
VERIZON COMMUNICATIONS INC COM 92343V104 12 244 SH   SOLE 0 0 0 244
ISHARES RUS MID-CAP ETF 464287499 25 156 SH   SOLE 0 0 0 156
SPDR SERIES TRUST DJ REIT ETF 78464A607 10 129 SH   SOLE 0 0 0 129
ISHARES U.S. FINLS ETF 464287788 2,524 30,094 SH   SOLE 0 0 0 30,094
ISHARES US HLTHCARE ETF 464287762 8 59 SH   SOLE 0 0 0 59
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,311 26,112 SH   SOLE 0 0 0 26,112
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,241 13,521 SH   SOLE 0 0 0 13,521
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,323 56,989 SH   SOLE 0 0 0 56,989
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,274 23,929 SH   SOLE 0 0 0 23,929
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,337 33,620 SH   SOLE 0 0 0 33,620
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 3,210 71,193 SH   SOLE 0 0 0 71,193
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,345 20,934 SH   SOLE 0 0 0 20,934
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,262 18,814 SH   SOLE 0 0 0 18,814
ISHARES 1-3 YR TR BD ETF 464287457 2,686 31,774 SH   SOLE 0 0 0 31,774
ISHARES 7-10 Y TR BD ETF 464287440 3,170 30,567 SH   SOLE 0 0 0 30,567
ISHARES IBOXX INV CP ETF 464287242 5 46 SH   SOLE 0 0 0 46
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 150 1,277 SH   SOLE 0 0 0 1,277
ISHARES MSCI EMG MKT ETF 464287234 3,294 79,265 SH   SOLE 0 0 0 79,265
PG&E CORP COM 69331C108 5 107 SH   SOLE 0 0 0 107
ISHARES CORE TOTUSBD ETF 464287226 9,594 87,876 SH   SOLE 0 0 0 87,876
VANGUARD WORLD FDS ENERGY ETF 92204A306 3,048 22,953 SH   SOLE 0 0 0 22,953
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 158 1,338 SH   SOLE 0 0 0 1,338
VANGUARD INDEX FDS REIT ETF 922908553 5,621 77,843 SH   SOLE 0 0 0 77,843
VANGUARD WORLD FDS MATERIALS ETF 92204A801 151 1,356 SH   SOLE 0 0 0 1,356
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 150 3,217 SH   SOLE 0 0 0 3,217
VANGUARD WORLD FDS UTILITIES ETF 92204A876 214 2,348 SH   SOLE 0 0 0 2,348
VANGUARD WORLD FDS INF TECH ETF 92204A702 155 1,549 SH   SOLE 0 0 0 1,549
ISHARES SILVER TRUST ISHARES 46428Q109 166 9,879 SH   SOLE 0 0 0 9,879
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 147 1,348 SH   SOLE 0 0 0 1,348
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 146 1,439 SH   SOLE 0 0 0 1,439
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 102 4,692 SH   SOLE 0 0 0 4,692
WISDOMTREE TR JAPN HEDGE EQT 97717W851 2 31 SH   SOLE 0 0 0 31
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 2,760 248,233 SH   SOLE 0 0 0 248,233
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 IBOXX HI YD ETF 464288513 4,035 44,167 SH   SOLE 0 0 0 44,167
ISHARES MSCI KLD400 SOC 464288570 19 254 SH   SOLE 0 0 0 254
ISHARES MBS ETF 464288588 41 379 SH   SOLE 0 0 0 379
FIRST TR ISE WATER INDEX FD COM 33733B100 8 234 SH   SOLE 0 0 0 234
FIRST TR EXCHANGE TRADED FD NAS CLNEDG GREEN 33733E500 11 572 SH   SOLE 0 0 0 572
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 2,140 37,183 SH   SOLE 0 0 0 37,183
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 5 192 SH   SOLE 0 0 0 192
PROSHARES TR SHRT 20+YR TRE 74347X849 4 127 SH   SOLE 0 0 0 127
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 91 5,076 SH   SOLE 0 0 0 5,076
ALPS ETF TR ALERIAN MLP 00162Q866 101 5,288 SH   SOLE 0 0 0 5,288
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2,169 11,973 SH   SOLE 0 0 0 11,973
PROSHARES TR II VIX MDTRM FUTR 74347W684 2 100 SH   SOLE 0 0 0 100
FIRST TR EXCH TRD ALPHA FD I JAPAN ALPHADEX 33737J158 2,843 60,380 SH   SOLE 0 0 0 60,380
FIRST TR EXCNGE TRD ALPHADEX SML CAP VAL AL 33737M409 2,437 80,741 SH   SOLE 0 0 0 80,741
FLEXSHARES TR IBOXX 3R TARGT 33939L506 5 209 SH   SOLE 0 0 0 209
PROSHARES TR II SHT VIX ST TRM 74347W627 10 128 SH   SOLE 0 0 0 128
ISHARES TR CMBS ETF 46429B366 2,127 41,482 SH   SOLE 0 0 0 41,482
ALPS ETF TR VELOSH VOLA HDGD 00162Q791 8,431 282,453 SH   SOLE 0 0 0 282,453