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$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Direxion Shares S&P 500 Bull 3X COM 25459W862 3,662 57,401 SH   SOLE   0 0 57,401
Proshares Ultra S&P 500 COM 74347R107 1,618 15,780 SH   SOLE   0 0 15,780
ProShares Ultra MidCap 400 COM 74347R404 1,013 7,984 SH   SOLE   0 0 7,984
ProShares Short Russell2000 COM 74347R826 5,609 332,101 SH   SOLE   0 0 332,101
ProShares VIX Short-Term Futures COM 74347W361 1,402 49,163 SH   SOLE   0 0 49,163
ProShares UltraShort Russell 2000 COM 74348A319 955 79,427 SH   SOLE   0 0 79,427
ProShares UltraShort QQQ COM 74348A426 993 66,249 SH   SOLE   0 0 66,249
SPDR S&P 500 ETF Trust COM 78462F103 2,994 41,316 SH   SOLE   0 0 41,316
Alerian MLP ETF COM 00162Q866 1,061 59,694 SH   SOLE   0 0 59,694
AdvisorShares Peritus High Yield ETF COM 00768Y503 2,248 43,483 SH   SOLE   0 0 43,483
Direxion Shares Daily 30 YR Treasury Bear 3X COM 25459Y678 1,834 25,216 SH   SOLE   0 0 25,216
iShares IBoxx$ Invest Grade Corp Bond COM 464287242 1,743 15,262 SH   SOLE   0 0 15,262
iShares FTSE NAREIT Mort Plus ETF COM 464288539 712 61,846 SH   SOLE   0 0 61,846
PowerShares Preferred Port COM 73936T565 1,321 98,321 SH   SOLE   0 0 98,321
ProShares UltraShort Lehman 20+ YR COM 74347B201 2,402 30,337 SH   SOLE   0 0 30,337
ProShares UltraShort S&P 500 COM 74347B300 702 23,695 SH   SOLE   0 0 23,695
ProShares Short High Yield COM 74347R131 959 32,633 SH   SOLE   0 0 32,633
Proshares UltraShort Euro COM 74347W882 592 34,745 SH   SOLE   0 0 34,745
Proshares COM 74347X146 348 20,006 SH   SOLE   0 0 20,006
SPDR Barclays Capital Muni Bond COM 78464A458 1,007 44,680 SH   SOLE   0 0 44,680
SPDR Blackstone/GSO Senior Loan COM 78467V608 3,053 61,041 SH   SOLE   0 0 61,041
Vanguard Intermediate-Term Bond ETF COM 921937819 1,388 16,990 SH   SOLE   0 0 16,990
Vanguard Long-Term Corp Bond ETF COM 92206C813 2,213 26,635 SH   SOLE   0 0 26,635
Guggenheim Bulletshs Guggenheim Enhncd Ultra COM 18383M654 574 11,450 SH   SOLE   0 0 11,450
iShares Core Total US Bond Market ETF COM 464287226 552 5,189 SH   SOLE   0 0 5,189
iShares Barclays 20+ Year Treasury COM 464287432 584 5,743 SH   SOLE   0 0 5,743
PowerShares QQQ Trust Series 1 COM 73935A104 2,025 23,031 SH   SOLE   0 0 23,031
ProShares Ultra DOW30 COM 74347R305 1,144 9,940 SH   SOLE   0 0 9,940
SPDR S&P Mid Cap 400 ETF Trst COM 78467Y107 1,562 6,400 SH   SOLE   0 0 6,400
Direxion Shares Small Cap Bull 3X COM 25459W847 433 5,598 SH   SOLE   0 0 5,598
iShares MSCI EAFE Index Fund COM 464287465 439 6,554 SH   SOLE   0 0 6,554
iShares NASDAQ Biotech Index COM 462487556 412 1,817 SH   SOLE   0 0 1,817
iShares Russell 1000 Growth COM 464287614 6,444 74,982 SH   SOLE   0 0 74,982
iShares Russell 2000 Growth COM 464287648 5,984 44,162 SH   SOLE   0 0 44,162
iShares Russell 2000 Index Fd COM 464287655 627 5,444 SH   SOLE   0 0 5,444
iShares Dow Jones U.S Technology Sec COM 464287721 436 4,940 SH   SOLE   0 0 4,940
iShares DJ US Real Estate COM 464287739 398 6,323 SH   SOLE   0 0 6,323
PowerShares DB US Dollar Index Bullish Fund COM 73936D107 217 10,106 SH   SOLE   0 0 10,106
ProShares Ultra QQQ COM 74347R206 1,070 10,745 SH   SOLE   0 0 10,745
ProShares Short MSCI Emerg Mkts COM 74347R396 193 7,372 SH   SOLE   0 0 7,372
ProShares Short MidCap400 COM 74347R800 196 10,643 SH   SOLE   0 0 10,643
ProShares UltraShort Oil & Gas COM 74348A525 210 4,278 SH   SOLE   0 0 4,278
SPDR S&P Retail ETF COM 78464A714 421 4,784 SH   SOLE   0 0 4,784
SPDR S&P Oil & Gas Explor & Prod COM 78464A730 438 6,397 SH   SOLE   0 0 6,397
SPDR Materials Select Sector COM 81369Y100 459 9,950 SH   SOLE   0 0 9,950
ProShares Pro QQQ ETF COM 74347X831 3,272 26,371 SH   SOLE   0 0 26,371
Vanguard Small-Cap Growth ETF COM 922908595 4,708 38,497 SH   SOLE   0 0 38,497
Vanguard Growth ETF VIPER COM 922908736 4,729 50,827 SH   SOLE   0 0 50,827