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
Alerian MLP ETF ALERIAN MLP 00162Q866 1,724 135,517 SH   SOLE NONE 135,517 0 0
Apple Computer COM 037833100 1,001 10,466 SH   SOLE NONE 10,466 0 0
Ball Corporation COM 058498106 1,625 22,475 SH   SOLE NONE 22,475 0 0
Blackrock Munihldgs Cal Insd F COM 09254L107 548 33,650 SH   SOLE NONE 33,650 0 0
Blackrock Munyld CA Ins COM 09254N103 564 33,959 SH   SOLE NONE 33,959 0 0
Brookfield Mortgage Opp Fund COM 112792106 4,747 319,210 SH   SOLE NONE 319,210 0 0
Carnival Cruise Lines UNIT 99/99/9999 143658300 1,129 25,553 SH   SOLE NONE 25,553 0 0
Celanese Corp. COM SER A 150870103 1,880 28,717 SH   SOLE NONE 28,717 0 0
Charles River Laboratories Int. COM 159864107 1,459 17,703 SH   SOLE NONE 17,703 0 0
Chevron Corporation COM 166764100 539 5,137 SH   SOLE NONE 5,137 0 0
D R Horton COM 23331A109 891 28,289 SH   SOLE NONE 28,289 0 0
Deutsche X-trackers MSCI EAFE XTRAK MSCI EAFE 233051200 45,467 1,819,396 SH   SOLE NONE 1,819,396 0 0
Direxion Insider Sentiment ETF ALL CP INSIDER 25459Y769 4,289 58,916 SH   SOLE NONE 58,916 0 0
Dollar Tree Inc Com COM 256746108 503 5,336 SH   SOLE NONE 5,336 0 0
Dr Pepper Snapple Group COM 26138E109 1,088 11,257 SH   SOLE NONE 11,257 0 0
Federated Invs Pa CL B 314211103 1,315 45,693 SH   SOLE NONE 45,693 0 0
FedEx Corporation COM 31428X106 1,284 8,459 SH   SOLE NONE 8,459 0 0
Fiserv Inc. Wisc Pv 1CT COM 337738108 2,412 22,187 SH   SOLE NONE 22,187 0 0
Guggenheim Insider Sentiment GUGG INSDR SENT 18383M209 7,128 148,742 SH   SOLE NONE 148,742 0 0
Guggenheim S&P 500 Equal Weigh GUG S&P500 EQ WT 78355W106 26,127 325,164 SH   SOLE NONE 325,164 0 0
Guggenheim Spin-off ETF GUGG S&P SPINOFF 18383M605 6,563 166,398 SH   SOLE NONE 166,398 0 0
Honeywell Inc. COM 438516106 1,461 12,562 SH   SOLE NONE 12,562 0 0
Huntington Bancshares COM 446150104 704 78,743 SH   SOLE NONE 78,743 0 0
IBM Corp COM 459200101 270 1,779 SH   SOLE NONE 1,779 0 0
Intel Corp COM 458140100 495 15,105 SH   SOLE NONE 15,105 0 0
Invesco Insured Municipal Inco COM 46132P108 373 21,031 SH   SOLE NONE 21,031 0 0
I-Shares Currency Hedged MSCI E HDG MSCI EAFE 46434V803 6,547 273,019 SH   SOLE NONE 273,019 0 0
Ishares Russell Microcap MICRO-CAP ETF 464288869 4,115 58,182 SH   SOLE NONE 58,182 0 0
Ishares US Home Construction US HOME CONS ETF 464288752 2,482 89,748 SH   SOLE NONE 89,748 0 0
Johnson & Johnson COM 478160104 477 3,934 SH   SOLE NONE 3,934 0 0
Laboratory Crp of Amer Hldgs COM NEW 50540R409 1,805 13,858 SH   SOLE NONE 13,858 0 0
M S Emerging Market Debt COM 61744H105 2,331 251,753 SH   SOLE NONE 251,753 0 0
M S Emerging Market Fund COM 61744G107 135 10,190 SH   SOLE NONE 10,190 0 0
Norfolk Southern Corp COM 655844108 382 4,493 SH   SOLE NONE 4,493 0 0
Northrop Grumman Corp COM 666807102 2,241 10,080 SH   SOLE NONE 10,080 0 0
Nuveen Mtg Oppty Term Fd COM 670735109 1,833 79,371 SH   SOLE NONE 79,371 0 0
Nuveen Multi Strat Incm COM SHS 67073D102 5,489 679,310 SH   SOLE NONE 679,310 0 0
Schwab US Mid-Cap ETF US MID-CAP ETF 808524508 6,597 157,025 SH   SOLE NONE 157,025 0 0
Scripps Networks Interactive CL A COM 811065101 1,648 26,471 SH   SOLE NONE 26,471 0 0
Sinclair Broadcast Group Inc. CL A 829226109 1,592 53,323 SH   SOLE NONE 53,323 0 0
Solar Capital Ltd. COM 83413U100 5,493 288,355 SH   SOLE NONE 288,355 0 0
SPDR S&P Emerging Markets Small S&P EMKTSC ETF 78463X756 862 21,896 SH   SOLE NONE 21,896 0 0
Standard & Poors Midcap UTSER1 S&PDCRP 78467Y107 568 2,088 SH   SOLE NONE 2,088 0 0
Synchrony Financial COM 87165B103 1,153 45,591 SH   SOLE NONE 45,591 0 0
TCW Strategic Incm Fund COM 872340104 2,969 545,859 SH   SOLE NONE 545,859 0 0
Templeton Dragon Fund COM 88018T101 423 24,402 SH   SOLE NONE 24,402 0 0
Templeton Global Income COM 880198106 91 14,384 SH   SOLE NONE 14,384 0 0
Thor Industries Inc. COM 885160101 1,898 29,320 SH   SOLE NONE 29,320 0 0
UBS Alerian MLP ETN ETRAC ALER MLP 90267B682 2,896 145,031 SH   SOLE NONE 145,031 0 0
UDR COM 902653104 261 7,059 SH   SOLE NONE 7,059 0 0
Unumprovident Corp COM 91529Y106 1,418 44,607 SH   SOLE NONE 44,607 0 0
US Global Jets ETF US GLB JETS 26922A842 1,751 82,728 SH   SOLE NONE 82,728 0 0
Vanguard Health Care HEALTH CAR ETF 92204A504 3,392 25,994 SH   SOLE NONE 25,994 0 0
Vanguard Mid-Cap Stk ETF MID CAP ETF 922908629 2,179 17,629 SH   SOLE NONE 17,629 0 0
Walt Disney Company COM DISNEY 254687106 1,077 11,013 SH   SOLE NONE 11,013 0 0
Wells Fargo Bank COM 949746101 604 12,757 SH   SOLE NONE 12,757 0 0
WisdomTree European Hedged Sma EUR HDG SMLCAP 97717X552 18,759 815,237 SH   SOLE NONE 815,237 0 0
WisdomTree Intl Smcp Div INTL SMCAP DIV 97717W760 3,534 62,990 SH   SOLE NONE 62,990 0 0