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
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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
ISHARES TR RUSSELL MCP VL 464287473 33,085 571,215 SH   SOLE   571,215 0 0
ISHARES TR CORE S&P MCP ETF 464287507 912 7,900 SH   SOLE   7,900 0 0
ISHARES TR NASDQ BIO INDX 464287556 13,388 76,997 SH   SOLE   76,997 0 0
ISHARES TR NASDQ BIO INDX 464287556 591 3,400 SH Call SOLE   3,400 0 0
ISHARES TR RUSSELL1000VAL 464287598 5,073 60,550 SH   SOLE   60,550 0 0
ISHARES TR RUSL 2000 GROW 464287648 2,899 26,000 SH   SOLE   26,000 0 0
ISHARES TR S&P MIDCP VALU 464287705 56,023 553,204 SH   SOLE   553,204 0 0
ISHARES TR DJ US HEALTHCR 464287762 701 7,000 SH   SOLE   7,000 0 0
ISHARES TR DJ US FINL SVC 464287770 558 7,800 SH   SOLE   7,800 0 0
ISHARES TR S&P SMLCP VALU 464287879 981 10,500 SH   SOLE   10,500 0 0
PIMCO ETF TR TOTL RETN ETF 72201R775 724 6,865 SH   SOLE   6,865 0 0
POWERSHARES ETF TRUST FTSE RAFI 1000 73935X583 9,223 128,100 SH   SOLE   128,100 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 7,107 116,000 SH   SOLE   116,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 6,716 141,068 SH   SOLE   141,068 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 14,033 721,672 SH   SOLE   721,672 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 34,811 217,000 SH Put SOLE   217,000 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 813 7,800 SH   SOLE   7,800 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 16,198 550,569 SH   SOLE   550,569 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 565 19,200 SH Call SOLE   19,200 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 10,039 119,936 SH   SOLE   119,936 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 5,188 74,300 SH   SOLE   74,300 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 9,918 146,700 SH   SOLE   146,700 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 4,713 51,717 SH   SOLE   51,717 0 0