Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	POWERSHARES QQQ TRUST	108,760	$14.97M	8.8%	$137.64	$137.64	—	UNIT SER 1	73935A104
DVY	ISHARES TR	142,925	$13.18M	7.7%	$92.21	$90.64	+1.7%	Select Divid ETF	464287168
XLK	SELECT SECTOR SPDR TR	226,540	$12.4M	7.3%	$54.72 *	$27.52	-0.6%	TECHNOLOGY	81369Y803
—	Powershares ETF Trust	247,290	$12.2M	7.2%	$49.34	$49.34	—	KBW BK Port	73937B746
IDGT	ISHARES TR	245,275	$11.24M	6.6%	$45.84	$37.77	+21.4%	S&P NA MULTIMD	464287531
VBK	Vanguard Index Funds	50,480	$7.356M	4.3%	$145.72	$143.30	+1.7%	SM CAP GRW ETF	922908595
SCZ	ISHARES TR	121,850	$7.048M	4.1%	$57.84	$49.66	+16.5%	MSCI SMALL CAP	464288273
IHI	ISHARES TR	37,420	$6.235M	3.7%	$166.62 *	$20.34	+36.5%	DJ MED DEVICES	464288810
SDOG	ALPS ETf	143,870	$6.139M	3.6%	$42.67	$42.59	+0.2%	Sector Div DOGS	00162Q858
IBB	ISHARES Tr	18,415	$5.71M	3.4%	$310.07 *	$96.30	+7.3%	NASDQ BIO INDX	464287556
GDX	MARKET VECTORS ETF	242,115	$5.346M	3.1%	$22.08	$22.75	-2.9%	GOLD MINE ETF	92189F106
—	SPDR SERIES TRUST	163,000	$5.203M	3.1%	$31.92	$37.85	—	S&P OILGAS EXP	78464A730
VWO	VANGUARD INTL EQUITY	126,620	$5.17M	3.0%	$40.83	$37.92	+7.7%	FTSE EMR MKT	922042858
FCG	FIRST TR ISE REVERE NAT GAS	242,150	$4.957M	2.9%	$20.47	$22.27	-8.1%	COM	33733E807
AAXJ	I SHARES TR	71,480	$4.821M	2.8%	$67.45	$51.16	+31.8%	MSCI AC ASIA	464288182
—	ISHARES INC	86,875	$4.661M	2.7%	$53.65	$52.13	—	MSCI JAPAN	46434g822
—	SPDR SERIES TRUST	48,310	$4.254M	2.5%	$88.06	$88.06	—	S&P INS ETF	78464a789
—	SPDR SERIES TRUST	76,720	$4.216M	2.5%	$54.95	$54.95	—	S&P REGL BKG	78464a698
ILF	iShares	124,010	$3.755M	2.2%	$30.28	$29.04	+4.3%	Latin America	464287390
—	SPDR S&P 500 ETF TR	14,760	$3.569M	2.1%	$241.80	$207.64	—	TR UNIT	78462f103
EWA	ISHARES INC	135,620	$2.94M	1.7%	$21.68	$18.00	+20.4%	MSCI AUSTRALIA	464286103
EWH	ISHARES INC	109,360	$2.562M	1.5%	$23.43	$21.83	+7.3%	MSCI HONG KONG	464286871
—	WISDOMTREE TR	86,420	$2.118M	1.2%	$24.51	$20.76	—	INDIA ERNGS FD	97717w422
—	Wisdomtree	30,040	$2.106M	1.2%	$70.11	$70.11	—	Japan SMCAP Div	97717w836
DFE	Wisdomtree Tr	32,480	$2.096M	1.2%	$64.53	$59.43	+8.6%	Europe SMCP Dv	97717W869
EWG	ISHARES INC	68,240	$2.066M	1.2%	$30.28	$27.35	+10.7%	MSCI GERMAN	464286806
ECH	ISHARES INC	36,790	$1.533M	0.9%	$41.67	$38.12	+9.3%	MSCI CHILE INVES	464286640
MDY	SPDR S&P MIDCAP 400 ETF TR	4,670	$1.483M	0.9%	$317.56	$314.79	+0.9%	UTSER1 S&PDCRP	78467Y107
IYT	ISHARES TR	8,280	$1.425M	0.8%	$172.10 *	$41.38	+4.0%	TRANSP AVE IDX	464287192
—	RYDEX ETF TR	14,385	$1.333M	0.8%	$92.67	$92.67	—	S&P 500 EQ TRD	78355W106
—	ISHARES INC	37,030	$1.324M	0.8%	$35.75	$35.75	—	MSCI TAIWAN	46434g772
VCR	Vanguard World Fd	6,960	$988K	0.6%	$141.95	$141.12	+0.6%	Cons Dis ETF	92204A108
—	SPDR SERIES TRUST	12,800	$901K	0.5%	$70.39	$70.39	—	Aerospace Defens	78464a631
XLP	SELECT SECTOR SPDR TR	14,750	$810K	0.5%	$54.92	$55.59	-1.2%	SBI CONS STPLS	81369Y308
—	Rydex ETF TR	4,185	$716K	0.4%	$171.09	$171.09	—	Gug Russ Top 50	78355w205
VGK	Vanguard Intl Equity Ind	9,050	$499K	0.3%	$55.14	$54.51	+1.2%	FTSE Europe ETF	922042874
SCJ	ISHARES ETF	7,120	$497K	0.3%	$69.80	$63.38	+10.1%	MSCI Japan SMC	464286582
XLB	Select Sec Spdr Tr	9,070	$488K	0.3%	$53.80 *	$26.56	+1.3%	SBI Materials	81369Y100
IVV	ISHARES TR	1,580	$385K	0.2%	$243.67	$241.30	+0.9%	Core S&P 500 ETF	464287200
EEMV	I SHARES ETF	6,120	$339K	0.2%	$55.39	$51.25	+8.1%	EMMKT MIN VOL	464286533
VPL	VANGUARD MSCI PACIFIC ETF	5,100	$336K	0.2%	$65.88	$57.55	+14.3%	MSCI PAC ETF	922042866
XBI	SPDR Series Tr	4,160	$321K	0.2%	$77.16	$70.92	+8.8%	S&P Biotech	78464A870
IJR	ISHARES TR	4,340	$304K	0.2%	$70.05	$57.90	+21.1%	S&P SMLCAP 600	464287804
—	Proshares TR	900	$93,000	0.1%	$103.33	$103.33	—	Ultrapro S&P 500	74347x864
EPD	Enterprise Prods Partners L	550	$15,000	0.0%	$27.27	$45.05	—	Com	293792107
—	Energy Tfr Prtnrs	428	$9,000	0.0%	$21.03	$21.03	—	Unit LP Int	29278n103