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
Alerian MLP ETF ETF 00162Q866 2,679 151,725 SH   SOLE   151,725 0 0
Apple Computer Inc. COM 037833100 27 50 SH   SOLE   50 0 0
Bank of America Corp COM 060505104 369 21,440 SH   SOLE   21,440 0 0
Bank of Hawaii Corp. COM 062540109 30 500 SH   SOLE   500 0 0
Costco Wholesale Corp COM 22160K105 22 200 SH   SOLE   200 0 0
Cummins Inc. COM 231021106 26 175 SH   SOLE   175 0 0
CVS Corp. COM 126650100 19 250 SH   SOLE   250 0 0
Direxion Shares Etf ETF 25459Y207 10 175 SH   SOLE   175 0 0
First Tr Nasdaq 100 Equal Weig ETF 337344105 14,488 391,460 SH   SOLE   391,460 0 0
First Tr NASDAQ Rising Div. ETF 33738R506 22 1,100 SH   SOLE   1,100 0 0
First Trust Consumer Discretio ETF 33734X101 6 191 SH   SOLE   191 0 0
First Trust Large Cap Fund ETF 33734K109 12 281 SH   SOLE   281 0 0
General Electric Co. COM 369604103 65 2,500 SH   SOLE   2,500 0 0
Google Inc Class A COM 38259P508 169 152 SH   SOLE   152 0 0
Gulf Keystone Petroleum Ltd. COM G4209G108 7 5,000 SH   SOLE   5,000 0 0
High Yield Muni Idx ETF ETF 57060U878 1,371 46,400 SH   SOLE   46,400 0 0
Hillenbrand Inc COM 431571108 11 350 SH   SOLE   350 0 0
iShares Cohen & Steers Realty ETF 464287564 1,044 12,700 SH   SOLE   12,700 0 0
iShares Dow Jone Real Estate ETF 464287739 14 200 SH   SOLE   200 0 0
iShares High Yield Corp Bond F ETF 464288513 12,588 133,360 SH   SOLE   133,360 0 0
iShares iBoxx Corporate Bond F ETF 464287242 7,981 68,250 SH   SOLE   68,250 0 0
iShares Russell 2000 Index ETF 464287655 23,000 197,695 SH   SOLE   197,695 0 0
iShares S&P Mid Cap 400 ETF 464287507 31,806 231,370 SH   SOLE   231,370 0 0
iShares S&P Municipal Bond Fun ETF 464288414 1,151 10,750 SH   SOLE   10,750 0 0
iShares S&P Small Cap 600 ETF 464287804 23,327 211,795 SH   SOLE   211,795 0 0
iShares Trust Dow Jones Select ETF 464287168 22 300 SH   SOLE   300 0 0
Johnson & Johnson COM 478160104 26 260 SH   SOLE   260 0 0
JP Morgan Chase & Co. COM 46625H100 32 525 SH   SOLE   525 0 0
Midcap SPDR Trust Series 1 ETF 78467Y107 6 25 SH   SOLE   25 0 0
Onex Corporation COM 68272K103 20 360 SH   SOLE   360 0 0
Pfizer Inc. COM 717081103 35 1,100 SH   SOLE   1,100 0 0
PowerShares High Yield Corpora ETF 73936T557 11,774 606,300 SH   SOLE   606,300 0 0
PowerShares QQQ COM 73935A104 17,683 201,695 SH   SOLE   201,695 0 0
Proshares SP 500 Aristocrats E ETF 74348A467 22 500 SH   SOLE   500 0 0
Rydex S&P Equal Weight ETF ETF 78355W106 34,091 467,065 SH   SOLE   467,065 0 0
Spdr Barclays High Yield ETF ETF 78464A417 7,939 192,125 SH   SOLE   192,125 0 0
SPDR S&P ETF Trust ETF 78462F103 34,114 182,420 SH   SOLE   182,420 0 0
Technology Spdr ETF 81369Y803 25 701 SH   SOLE   701 0 0
Vanguard Mid Cap ETF ETF 922908629 31 275 SH   SOLE   275 0 0
Western Refining Inc COM 959319104 29 750 SH   SOLE   750 0 0