Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	POWERSHARES ETF TRUST	1,182,134	$50.05M	21.0%	$42.34	$41.37	—	DWA MOMENTUM PTF	73935X153
FTSM	FIRST TR EXCHANGE TRADED FD	511,003	$30.96M	13.0%	$60.58	$59.91	-0.0%	FIRST TR ENH NEW	33739Q408
—	POWERSHARES ETF TR II	694,610	$29.89M	12.5%	$43.03	$43.03	—	S&P500 LOW VOL	73937B779
—	RYDEX ETF TRUST	348,487	$28.17M	11.8%	$80.82	$80.82	—	GUG S&P500 EQ WT	78355W106
TLT	ISHARES TR	85,952	$12.01M	5.0%	$139.69	$131.88	+5.3%	20 YR TR BD ETF	464287432
TLH	ISHARES TR	80,221	$11.83M	5.0%	$147.43	$135.52	+8.2%	10-20 YR TRS ETF	464288653
IEF	ISHARES TR	103,247	$11.73M	4.9%	$113.59	$106.60	+6.0%	7-10 Y TR BD ETF	464287440
IGOV	ISHARES TR	115,619	$11.58M	4.9%	$100.14 *	$49.06	+1.5%	INTL TREA BD ETF	464288117
EEMV	ISHARES	210,380	$10.92M	4.6%	$51.90	$50.46	+2.2%	MIN VOL EMRG MKT	464286533
EFAV	ISHARES TR	160,968	$10.75M	4.5%	$66.79	$65.17	+1.9%	MIN VOL EAFE ETF	46429B689
—	SPDR SER TR	401,889	$10.4M	4.4%	$25.88	$25.88	—	DORSEY WRGT FI	78468R713
NUE	NUCOR CORP	107,058	$5.29M	2.2%	$49.41 *	$32.43	+23.3%	COM	670346105
IDCC	INTERDIGITAL INC	77,229	$4.3M	1.8%	$55.68	$50.76	+9.7%	COM	45867G101
MDY	SPDR S&P MIDCAP 400 ETF TR	2,835	$772K	0.3%	$272.31	$260.23	+4.6%	UTSER1 S&PDCRP	78467Y107
IEFA	ISHARES TR	4,113	$704K	0.3%	$171.16 *	$53.47	-2.9%	CORE MSCI EAFE	46432F842
—	ARROW INVTS TR	63,415	$640K	0.3%	$10.09	$9.91	—	DWA TACTICAL ETF	042765792
XLK	SELECT SECTOR SPDR TR	14,493	$629K	0.3%	$43.40 *	$21.53	+0.7%	TECHNOLOGY	81369Y803
XLV	SELECT SECTOR SPDR TR	8,461	$607K	0.3%	$71.74	$70.66	+1.5%	SBI HEALTHCARE	81369Y209
IWB	ISHARES TR	5,183	$606K	0.3%	$116.92	$114.34	+2.2%	RUS 1000 ETF	464287622
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,445	$499K	0.2%	$144.85	$134.61	+7.6%	CL B NEW	084670702
FV	FIRST TR EXCHANGE TRADED FD	21,428	$479K	0.2%	$22.35	$20.84	+7.3%	DORSEY WRT 5 ETF	33738R605
—	BLACKROCK MUN INCOME TR	26,399	$417K	0.2%	$15.80	$14.74	—	SH BEN INT	09248F109
SPY	SPDR S&P 500 ETF TR	1,727	$362K	0.2%	$209.61	$205.36	+2.0%	TR UNIT	78462F103
VNQI	VANGUARD INTL EQUITY INDEX F	6,388	$345K	0.1%	$54.01	$52.56	+2.9%	GLB EX US ETF	922042676
LNC	LINCOLN NATL CORP IND	8,080	$313K	0.1%	$38.74 *	$35.70	-25.0%	COM	534187109
AGG	ISHARES TR	2,705	$305K	0.1%	$112.75	$108.86	+3.5%	CORE US AGGBD ET	464287226
CWB	SPDR SERIES TRUST	6,797	$298K	0.1%	$43.84	$45.78	-4.2%	BRC CNV SECS ETF	78464A359
—	BRYN MAWR BK CORP	9,230	$294K	0.1%	$31.85	$25.55	—	COM	117665109
XLE	SELECT SECTOR SPDR TR	4,225	$288K	0.1%	$68.17 *	$29.01	+17.6%	SBI INT-ENERGY	81369Y506
IJR	ISHARES TR	2,416	$281K	0.1%	$116.31 *	$56.35	+3.1%	CORE S&P SCP ETF	464287804
XLP	SELECT SECTOR SPDR TR	4,896	$270K	0.1%	$55.15	$49.70	+11.0%	SBI CONS STPLS	81369Y308
VNQ	VANGUARD INDEX FDS	3,947	$251K	0.1%	$63.59 *	$80.56	+10.1%	REIT ETF	922908553
LEMB	ISHARES	5,436	$244K	0.1%	$44.89	$43.37	+3.5%	EM MKTS CURR ETF	464286517
OLED	UNIVERSAL DISPLAY CORP	3,500	$237K	0.1%	$67.71 *	$58.21	+10.3%	COM	91347P105
AAPL	APPLE INC	1,422	$232K	0.1%	$163.15 *	$25.73	-15.3%	COM	037833100
—	INVESCO TR INVT GRADE MUNS	15,000	$223K	0.1%	$14.87	$13.33	—	COM	46131M106
—	ANNALY CAP MGMT INC	20,000	$221K	0.1%	$11.05	$9.64	—	COM	035710409
AOA	ISHARES	4,639	$213K	0.1%	$45.92	$45.57	+0.7%	AGGRES ALLOC ETF	464289859
VYM	VANGUARD WHITEHALL FDS INC	2,821	$202K	0.1%	$71.61	$69.90	+2.2%	HIGH DIV YLD	921946406
—	BLACKROCK MUNIHLDS INVSTM QL	10,000	$161K	0.1%	$16.10	$14.50	—	COM	09254P108
—	INVESCO MUN OPPORTUNITY TR	10,000	$149K	0.1%	$14.90	$13.20	—	COM	46132C107
—	INVESCO ADVANTAGE MUNICIPAL	10,000	$133K	0.1%	$13.30	$11.80	—	SH BEN INT	46132E103
—	HI-CRUSH PARTNERS LP	10,000	$131K	0.1%	$13.10	$6.10	—	COM UNIT LTD	428337109
—	ISHARES TR	10,984	$113K	0.0%	$10.29	$9.56	—	MRG RL ES CP ETF	464288539
—	ROCKWELL MED INC	11,000	$83,000	0.0%	$7.55	$7.55	—	COM	774374102