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
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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
CLAYMORE EXCHANGE TRD FD TR GUGG INSDR SENT 18383M209 483 10,300 SH   SOLE   10,300 0 0
ISHARES EMU ETF 464286608 2,223 53,724 SH   SOLE   53,724 0 0
ISHARES TRANS AVG ETF 464287192 356 2,700 SH   SOLE   2,700 0 0
ISHARES NASDQ BIOTEC ETF 464287556 17,562 77,347 SH   SOLE   77,347 0 0
ISHARES RUS 2000 GRW ETF 464287648 4,440 32,763 SH   SOLE   32,763 0 0
ISHARES RUSSELL 2000 ETF 464287655 3,103 26,900 SH   SOLE   26,900 0 0
ISHARES S&P MC 400VL ETF 464287705 598 5,145 SH   SOLE   5,145 0 0
ISHARES CORE S&P SCP ETF 464287804 1,209 11,080 SH   SOLE   11,080 0 0
ISHARES SP SMCP600VL ETF 464287879 10,120 90,955 SH   SOLE   90,955 0 0
ISHARES SP SMCP600GR ETF 464287887 2,748 23,167 SH   SOLE   23,167 0 0
ISHARES MICRO-CAP ETF 464288869 868 11,550 SH   SOLE   11,550 0 0
PIMCO ETF TR TOTL RETN ETF 72201R775 551 5,261 SH   SOLE   5,261 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 36,362 844,055 SH   SOLE   844,055 0 0
POWERSHARES ETF TRUST GOLDEN DRG CHINA 73935X401 2,032 67,011 SH   SOLE   67,011 0 0
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 1,067 167,001 SH   SOLE   167,001 0 0
POWERSHARES ETF TRUST DYN PHRMA PORT 73935X799 730 13,647 SH   SOLE   13,647 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 8,807 123,600 SH   SOLE   123,600 0 0
RYDEX ETF TRUST GUG S&P500 PU GR 78355W403 30,339 431,560 SH   SOLE   431,560 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 78,309 424,000 SH Put SOLE   424,000 0 0
SPDR SERIES TRUST S&P CAP MKTS 78464A771 431 8,600 SH   SOLE   8,600 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 9,369 117,440 SH   SOLE   117,440 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 13,695 126,736 SH   SOLE   126,736 0 0