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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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
ABIOMED INC COM 003654100 346 8,994 SH   SOLE   8,994 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 1,363 7,314 SH   SOLE   7,314 0 0
ALKERMES PLC SHS G01767105 1,757 30,004 SH   SOLE   30,004 0 0
ASPEN TECHNOLOGY INC COM 045327103 879 24,914 SH   SOLE   24,914 0 0
BARCLAYS BANK PLC ETN DJUBSCOCO 38 06739H313 1,031 27,246 SH   SOLE   27,246 0 0
BARCLAYS BANK PLC ETN DJUBSLVSTK37 06739H743 877 28,810 SH   SOLE   28,810 0 0
CHAMBERS STR PPTYS COM 157842105 530 65,682 SH   SOLE   65,682 0 0
CISCO SYS INC COM 17275R102 1,841 61,264 SH   SOLE   61,264 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG TIMBER ETF 18383Q879 1,287 53,140 SH   SOLE   53,140 0 0
COCA COLA CO COM 191216100 278 6,608 SH   SOLE   6,608 0 0
CONOCOPHILLIPS COM 20825C104 2,021 28,534 SH   SOLE   28,534 0 0
CYNOSURE INC CL A 232577205 407 14,914 SH   SOLE   14,914 0 0
DARDEN RESTAURANTS INC COM 237194105 2,161 32,724 SH   SOLE   32,724 0 0
ENI S P A SPONSORED ADR 26874R108 566 16,350 SH   SOLE   16,350 0 0
ENSCO PLC SHS CLASS A G3157S106 345 9,898 SH   SOLE   9,898 0 0
FIRST TR EXCHANGE TRADED FD NY ARCA BIOTECH 33733E203 1,045 10,140 SH   SOLE   10,140 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 642 10,428 SH   SOLE   10,428 0 0
FLEETMATICS GROUP PLC COM G35569105 386 10,764 SH   SOLE   10,764 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,299 30,082 SH   SOLE   30,082 0 0
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 1,103 26,252 SH   SOLE   26,252 0 0
IPG PHOTONICS CORP COM 44980X109 1,656 22,250 SH   SOLE   22,250 0 0
ISHARES MSCI AUST ETF 464286103 1,669 75,106 SH   SOLE   75,106 0 0
ISHARES BELGIUM CAPD ETF 464286301 919 56,770 SH   SOLE   56,770 0 0
ISHARES EMU ETF 464286608 1,921 52,890 SH   SOLE   52,890 0 0
ISHARES MSCI SPAN CP ETF 464286764 1,602 46,254 SH   SOLE   46,254 0 0
ISHARES MSCI NETHERL ETF 464286814 764 31,830 SH   SOLE   31,830 0 0
ISHARES MSCI ITALCPD ETF 464286855 1,230 90,260 SH   SOLE   90,260 0 0
ISHARES GL TIMB FORE ETF 464288174 1,076 20,238 SH   SOLE   20,238 0 0
ISHARES MSCI ACWI ETF 464288257 8,042 137,452 SH   SOLE   137,452 0 0
ISHARES GLOB UTILITS ETF 464288711 2,104 42,882 SH   SOLE   42,882 0 0
ISHARES MICRO-CAP ETF 464288869 8,067 104,748 SH   SOLE   104,748 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 2,027 48,686 SH   SOLE   48,686 0 0
ISHARES TR CORE US AGGBD ET 464287226 408 3,700 SH   SOLE   3,700 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 397 3,750 SH   SOLE   3,750 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 3,297 38,976 SH   SOLE   38,976 0 0
ISHARES TR RUS MID-CAP ETF 464287499 214 1,276 SH   SOLE   1,276 0 0
ISHARES TR PHLX SEMICND ETF 464287523 1,975 21,244 SH   SOLE   21,244 0 0
J2 GLOBAL INC COM 48123V102 1,752 28,298 SH   SOLE   28,298 0 0
JOHNSON & JOHNSON COM 478160104 220 2,100 SH   SOLE   2,100 0 0
LAM RESEARCH CORP COM 512807108 1,432 18,014 SH   SOLE   18,014 0 0
LILLY ELI & CO COM 532457108 2,610 36,904 SH   SOLE   36,904 0 0
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 1,364 70,990 SH   SOLE   70,990 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1,654 17,362 SH   SOLE   17,362 0 0
OMNICELL INC COM 68213N109 1,757 53,082 SH   SOLE   53,082 0 0
POWERSHARES ETF TRUST GBL LSTD PVT EQT 73935X195 1,598 145,522 SH   SOLE   145,522 0 0
POWERSHARES GLOBAL ETF FD S&P 500 BUYWRT 73936G308 1,097 52,914 SH   SOLE   52,914 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 11,406 523,630 SH   SOLE   523,630 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 7,132 306,210 SH   SOLE   306,210 0 0
PROSHARES TR PSHS SHTRUSS2000 74347R826 5,224 338,398 SH   SOLE   338,398 0 0
SALESFORCE COM INC COM 79466L302 1,605 27,088 SH   SOLE   27,088 0 0
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 418 9,538 SH   SOLE   9,538 0 0
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 918 23,210 SH   SOLE   23,210 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 11,405 212,672 SH   SOLE   212,672 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 20,085 397,024 SH   SOLE   397,024 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 3,239 45,248 SH   SOLE   45,248 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 3,076 63,300 SH   SOLE   63,300 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 8,665 126,788 SH   SOLE   126,788 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 2,723 56,220 SH   SOLE   56,220 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 17,665 714,384 SH   SOLE   714,384 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 8,324 201,240 SH   SOLE   201,240 0 0
SOLARWINDS INC COM 83416B109 566 11,416 SH   SOLE   11,416 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 2,726 65,504 SH   SOLE   65,504 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 11,088 324,976 SH   SOLE   324,976 0 0
SYNCHRONOSS TECHNOLOGIES INC COM 87157B103 742 17,830 SH   SOLE   17,830 0 0
TASER INTL INC COM 87651B104 416 15,730 SH   SOLE   15,730 0 0
TOTAL S A SPONSORED ADR 89151E109 1,831 35,742 SH   SOLE   35,742 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 1,553 11,956 SH   SOLE   11,956 0 0
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 5,133 50,444 SH   SOLE   50,444 0 0
VANGUARD INDEX FDS REIT ETF 922908553 2,968 36,708 SH   SOLE   36,708 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 8,207 136,660 SH   SOLE   136,660 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 362 4,200 SH   SOLE   4,200 0 0