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
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC PHARMACEUTICALS PORTFOLIO ETF 73935X799 17,296 259,970 SH   SOLE   259,970 0 0
ISHARES NASDAQ BIOTECHNOLOGY ETF ETF 464287556 11,891 39,200 SH   SOLE   39,200 0 0
ISHARES RESIDENTIAL REAL ESTATE CAPPED ETF ETF 464288562 17,184 291,693 SH   SOLE   291,693 0 0
ISHARES US TECHNOLOGY ETF ETF 464287721 4,528 43,369 SH   SOLE   43,369 0 0
ISHARES U S HEALTHCARE PROVIDERS ETF ETF 464288828 5,872 49,607 SH   SOLE   49,607 0 0
MARKET VECTORS ETF PHARMACEUTICAL ETF ETF 57060U217 835 12,987 SH   SOLE   12,987 0 0
SECTOR SPDR TR SHS BEN INT TECHNOLOGY ETF 81369Y803 6,320 152,849 SH   SOLE   152,849 0 0
FIRST TR ISE CHINDIA INDEX FD ETF 33733A102 3,119 109,064 SH   SOLE   109,064 0 0
SECTOR SPDR TR SHS BEN INT UTILITIES ETF 81369Y886 13,473 285,317 SH   SOLE   285,317 0 0
GUGGENHEIM S&P 500 EQUAL WEIGHT HEALTHCARE ETF ETF 78355W841 17,190 120,569 SH   SOLE   120,569 0 0
FIRST TR EXCHANGE TRADED FD NY ARCA BIOTECHNOLOGY INDEX FD ETF 33733E203 6,009 58,902 SH   SOLE   58,902 0 0
WISDOMTREE TR INDIA EARNINGS FD ETF 97717W422 3,420 155,082 SH   SOLE   155,082 0 0
POWERSHARES QQQ TR UNIT SER 1 ETF 73935A104 3,715 35,981 SH   SOLE   35,981 0 0
ISHARES 20+ YEAR TREASURY BOND ETF ETF 464287432 3,790 30,098 SH   SOLE   30,098 0 0
ISHARES U.S. MEDICAL DEVICES ETF ETF 464288810 3,457 30,562 SH   SOLE   30,562 0 0
FIRST TR EXCHANGE TRADED FD VI NASDAQ TECH DIVID INDEX FD ETF 33738R118 815 29,442 SH   SOLE   29,442 0 0
SPDR SER TR S&P PHARMACEUTICALS ETF ETF 78464A722 9,926 91,941 SH   SOLE   91,941 0 0
EGA EMERGING GLOBAL SHARES TRUST EG SHS INDIA CONSUMER ETF ETF 268461761 824 25,513 SH   SOLE   25,513 0 0
ISHARES GLOBAL HEALTHCARE ETF ETF 464287325 805 8,089 SH   SOLE   8,089 0 0
MARKET VECTORS ETF TRUST SEMICONDUCTOR ETF ETF 57060U233 894 16,362 SH   SOLE   16,362 0 0
MARKET VECTORS ETF TRUST RETAIL ETF ETF 57060U225 547 7,639 SH   SOLE   7,639 0 0
ISHARES GLOBAL TECH ETF ETF 464287291 7,844 82,677 SH   SOLE   82,677 0 0
MARKET VECTORS ETF TRUST BIOTECH ETF ETF 57060U183 817 7,085 SH   SOLE   7,085 0 0