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
ISHARES TR NASDQ BIOTEC ETF 464287556 526 1,733 SH   SOLE 1,733 0 0
ISHARES TR AGENCY BOND ETF 464288166 3,485 30,562 SH   SOLE 30,562 0 0
ISHARES TR INTRM GOV/CR ETF 464288612 3,312 29,814 SH   SOLE 29,814 0 0
ISHARES TR CORE ST USDB ETF 46432F859 3,386 33,748 SH   SOLE 33,748 0 0
NUVEEN MUN OPPORTUNITY FD IN COM 670984103 2,266 160,830 SH   SOLE 160,830 0 0
POWERSHARES GLOBAL ETF TRUST AGG PFD PORT 73936T565 209 14,303 SH   SOLE 14,303 0 0
PROSHARES TR PSHS SHT OIL&GAS 74347R222 9,862 309,070 SH   SOLE 309,070 0 0
PROSHARES TR PSHS SH MSCI EMR 74347R396 14,088 471,492 SH   SOLE 471,492 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 20,754 847,108 SH   SOLE 847,108 0 0
PROSHARES TR SHRT RUSSELL2000 74348A210 13,745 211,328 SH   SOLE 211,328 0 0
UNITED STS SHORT OIL FD LP UNITS 912613205 9,306 145,882 SH   SOLE 145,882 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 1,650 1,413 SH   SOLE 1,413 0 0