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$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AdvisorShares Peritus High Yield ETF COM 00768Y503 2,458 46,746 SH   SOLE   0 0 46,746
Alerian MLP ETF COM 00162Q866 1,132 64,101 SH   SOLE   0 0 64,101
Direxion Shares Mid Cap Bull 3X COM 25459W730 598 7,006 SH   SOLE   0 0 7,006
Direxion Shares S&P 500 Bear 3X COM 25459Y371 2,474 80,404 SH   SOLE   0 0 80,404
Direxion Shares S&P 500 Bull 3X COM 25459W862 1,189 17,986 SH   SOLE   0 0 17,986
Direxion Shares Small Cap Bull 3X COM 25459W847 2,279 29,190 SH   SOLE   0 0 29,190
First Trust Dow Jones Internet Index COM 33733E302 422 7,147 SH   SOLE   0 0 7,147
Guggenheim Bulletshares Guggenheim Enhanced Ultra COM 18383M654 1,651 32,852 SH   SOLE   0 0 32,852
Guggenheim Equal Weight ETF COM 78355W106 2,558 35,058 SH   SOLE   0 0 35,058
iShares Barclays 20+ Year Treasury COM 464287432 5,575 51,101 SH   SOLE   0 0 51,101
iShares DJ US Heathcare Sector COM 464287762 365 2,968 SH   SOLE   0 0 2,968
iShares DJ US Real Estate COM 464287739 418 6,188 SH   SOLE   0 0 6,188
iShares Dow Jones U.S Technology Sec COM 464287721 421 4,624 SH   SOLE   0 0 4,624
iShares FTSE NAREIT Mort Plus ETF COM 464288539 825 67,304 SH   SOLE   0 0 67,304
iShares Iboxx$ High Yield Corp Bond COM 464288513 1,473 15,607 SH   SOLE   0 0 15,607
iShares IBoxx$ Invest Grade Corp Bond COM 464287242 1,916 16,380 SH   SOLE   0 0 16,380
iShares NASDAQ Biotech Index COM 462487556 432 1,830 SH   SOLE   0 0 1,830
iShares Russell 1000 Growth COM 464287614 424 4,899 SH   SOLE   0 0 4,899
iShares Russell Midcap Growth COM 464287481 421 4,910 SH   SOLE   0 0 4,910
PowerShares DB US Dollar Index Bullish Fund COM 73936D107 217 10,106 SH   SOLE   0 0 10,106
PowerShares Preferred Port COM 73936T565 1,516 106,352 SH   SOLE   0 0 106,352
PowerShares QQQ Trust Series 1 COM 73935A104 1,655 18,883 SH   SOLE   0 0 18,883
Proshares COM 74347X146 354 21,686 SH   SOLE   0 0 21,686
Proshares Short 20+ Year Treasury COM 74347X849 1,234 40,656 SH   SOLE   0 0 40,656
ProShares Short High Yield COM 74347R131 995 35,046 SH   SOLE   0 0 35,046
ProShares Short Russell2000 COM 74347R826 1,396 84,520 SH   SOLE   0 0 84,520
ProShares Short S&P 500 ETF COM 74347R503 1,410 57,183 SH   SOLE   0 0 57,183
ProShares Short VIX ST Futures COM 74347W627 1,280 20,668 SH   SOLE   0 0 20,668
ProShares Ultra DOW30 COM 74347R305 1,454 12,770 SH   SOLE   0 0 12,770
ProShares Ultra MidCap 400 COM 74347R404 8,608 129,693 SH   SOLE   0 0 129,693
ProShares Ultra QQQ COM 74347R206 396 3,986 SH   SOLE   0 0 3,986
ProShares Ultra Russell 2000 COM 74347R842 10,897 126,350 SH   SOLE   0 0 126,350
Proshares UltraShort Euro COM 74347W882 632 37,355 SH   SOLE   0 0 37,355
ProShares UltraShort Lehman 20+ YR COM 74347B201 525 7,779 SH   SOLE   0 0 7,779
ProShares UltraShort S&P 500 COM 74347B300 726 25,631 SH   SOLE   0 0 25,631
SPDR Barclays Capital Muni Bond COM 78464A458 1,115 47,941 SH   SOLE   0 0 47,941
SPDR Blackstone/GSO Senior Loan COM 78467V608 3,277 65,523 SH   SOLE   0 0 65,523
SPDR Dow Jones Industrial Avg COM 78467X109 1,076 6,550 SH   SOLE   0 0 6,550
SPDR Materials Select Sector COM 81369Y100 419 8,878 SH   SOLE   0 0 8,878
SPDR S&P Mid Cap 400 ETF Trst COM 78467Y107 1,065 4,252 SH   SOLE   0 0 4,252
SPDR S&P Oil & Gas Explor & Prod COM 78464A730 421 5,862 SH   SOLE   0 0 5,862
SPDR Utilities Select Sector COM 81369Y886 430 10,393 SH   SOLE   0 0 10,393
Vanguard Intermediate-Term Bond ETF COM 921937819 1,520 18,246 SH   SOLE   0 0 18,246
Vanguard Long-Term Corp Bond ETF COM 92206C813 2,491 28,545 SH   SOLE   0 0 28,545
Vanguard Mid-Cap ETF COM 922908629 7,843 69,057 SH   SOLE   0 0 69,057
Vanguard S&P Small Cap 600 COM 921932828 7,798 78,541 SH   SOLE   0 0 78,541