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
DORSEY WRT 5 ETF ETF 33738R605 273 10,975 SH   SOLE   0 0 10,975
iShares MSCI Emerging Markets Indx ETF ETF 464287234 38,662 934,092 SH   SOLE   0 0 934,092
IShares ETF-20yr ETF 464287432 4,617 36,900 SH   SOLE   0 0 36,900
iShares Trust - iShares 1-3 Year Treasury Bond ETF ETF 464287457 5,993 70,934 SH   SOLE   0 0 70,934
iShares MSCI EAFE ETF ETF 464287465 48,978 751,200 SH   SOLE   0 0 751,200
IShares ETF-Rus2000 ETF 464287655 45,094 320,000 SH   SOLE   0 0 320,000
ISHARES TR - 3-7 YR TREAS BD ETF ETF 464288661 6,127 49,586 SH   SOLE   0 0 49,586
POWERSHARES QQQ TRUST ETF 73935A104 3,854 28,000 SH   SOLE   0 0 28,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 554,207 2,292,006 SH   SOLE   0 0 2,292,006
SPDR Gold Trust ETF 78463V107 8,509 72,100 SH   SOLE   0 0 72,100
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 359,517 6,681,226 SH   SOLE   0 0 6,681,226
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 371,915 4,693,530 SH   SOLE   0 0 4,693,530
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 356,703 6,492,598 SH   SOLE   0 0 6,492,598
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 352,917 3,937,482 SH   SOLE   0 0 3,937,482
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 341,988 5,267,840 SH   SOLE   0 0 5,267,840
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 303,349 12,296,290 SH   SOLE   0 0 12,296,290
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 364,498 5,351,601 SH   SOLE   0 0 5,351,601
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 352,872 6,448,683 SH   SOLE   0 0 6,448,683
SELECT SECTOR SPDR TR SBI INT-REALESTATE 81369Y860 66,871 2,076,738 SH   SOLE   0 0 2,076,738
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 355,455 6,840,934 SH   SOLE   0 0 6,840,934
Twitter Inc Company 90184L102 465 26,000 SH   SOLE   0 0 26,000
Vanguard Intl Equity ETF 922042858 5,092 124,700 SH   SOLE   0 0 124,700