AFAM CAPITAL, INC. Activity Q4 2001-Q3 2018

Q3 2018

			Value		Shares		↓ Weighting
AAPL	Sell	Apple	$18,500,000	+17.6%	81,954	-3.5%	2.58%	+12.7%
AET	Sell	Aetna	$15,243,000	+10.0%	75,142	-0.4%	2.12%	+5.4%
MSFT	Sell	Microsoft	$15,059,000	+15.3%	131,670	-0.6%	2.10%	+10.4%
CSCO	Buy	Cisco Systems	$14,031,000	+14.1%	288,405	+0.9%	1.95%	+9.2%
JPM	Buy	JP Morgan Chase	$12,792,000	+8.4%	113,361	+0.1%	1.78%	+3.8%
GLW	Sell	Corning	$12,517,000	+25.1%	354,602	-2.5%	1.74%	+19.8%
DIS	Buy	Walt Disney	$12,229,000	+13.3%	104,576	+1.5%	1.70%	+8.5%
NSC	Sell	Norfolk Southern	$11,796,000	+17.9%	65,353	-1.5%	1.64%	+12.9%
AMGN	Buy	Amgen Inc	$11,781,000	+13.5%	56,831	+1.1%	1.64%	+8.7%
INTC	Sell	Intel	$11,053,000	-8.0%	233,725	-3.3%	1.54%	-11.9%
RCL	Buy	Royal Caribbean Cruises	$10,558,000	+27.0%	81,255	+1.3%	1.47%	+21.7%
ABT	Buy	Abbott Laboratories	$9,871,000	+20.9%	134,553	+0.5%	1.37%	+15.8%
CE	Buy	Celanese Corp	$9,597,000	+4.5%	84,186	+1.8%	1.34%	+0.1%
ETN	Buy	Eaton Corp PLC	$9,576,000	+16.9%	110,411	+0.7%	1.33%	+11.9%
DE	Buy	Deere & Co.	$8,939,000	+8.9%	59,464	+1.2%	1.24%	+4.2%
CMCSA	Buy	Comcast Corp CL A	$8,846,000	+10.6%	249,810	+2.5%	1.23%	+5.9%
CAT	Buy	Caterpillar	$8,839,000	+14.3%	57,967	+1.7%	1.23%	+9.5%
ADM	Buy	Archer-Daniels-Midland	$8,707,000	+10.4%	173,205	+0.7%	1.21%	+5.8%
TPR	Buy	Tapestry Inc	$8,622,000	+8.6%	171,506	+0.9%	1.20%	+3.9%
PRU	Buy	Prudential	$8,602,000	+9.3%	84,899	+0.9%	1.20%	+4.7%
JNJ	Buy	Johnson & Johnson	$8,305,000	+15.3%	60,111	+1.3%	1.16%	+10.4%
MDC	Buy	MDC Holdings	$8,137,000	-2.1%	275,070	+1.8%	1.13%	-6.2%
ORCL	Buy	Oracle	$8,022,000	+19.1%	155,585	+1.8%	1.12%	+14.1%
BAC	Buy	Bank of America	$7,879,000	+5.6%	267,436	+1.0%	1.10%	+1.1%
DLR	Buy	Digital Realty Trust	$7,705,000	+2.1%	68,500	+1.2%	1.07%	-2.3%
MAN	Buy	Manpower Inc	$7,699,000	+3.9%	89,568	+4.0%	1.07%	-0.5%
FDX	Buy	FedEx Corp	$7,585,000	+8.7%	31,500	+2.5%	1.06%	+4.0%
WMT	Buy	Walmart Inc	$7,453,000	+10.8%	79,359	+1.0%	1.04%	+6.1%
IBM	Buy	Int'l Business Machines	$7,439,000	+9.5%	49,197	+1.1%	1.04%	+4.9%
PNC	Buy	PNC Financial	$7,391,000	+1.2%	54,269	+0.4%	1.03%	-3.0%
GOOG	Buy	Alphabet Class C	$7,349,000	+9.0%	6,158	+1.9%	1.02%	+4.4%
COF	Buy	Capital One Financial	$7,160,000	+4.8%	75,419	+1.4%	1.00%	+0.3%
KSS	Buy	Kohl's	$7,015,000	+3.2%	94,103	+0.9%	0.98%	-1.1%
QCOM	Buy	Qualcomm	$6,704,000	+30.5%	93,077	+1.7%	0.93%	+24.9%
STX	Buy	Seagate Technology	$6,686,000	-13.1%	141,210	+3.7%	0.93%	-16.7%
ONB	Buy	Old National Bancorp	$6,623,000	+6.1%	343,143	+2.3%	0.92%	+1.7%
LOW	Buy	Lowe's Companies	$6,475,000	+22.4%	56,389	+1.9%	0.90%	+17.2%
DAL	Buy	Delta Air Lines	$6,425,000	+17.9%	111,109	+1.0%	0.89%	+12.9%
ZBH	Buy	Zimmer Biomet Holdings	$6,345,000	+22.0%	48,260	+3.4%	0.88%	+16.8%
BK	Buy	Bank of NY Mellon Corp	$6,343,000	-5.2%	124,395	+0.3%	0.88%	-9.2%
CMI	Buy	Cummins Inc	$6,311,000	+18.5%	43,207	+7.9%	0.88%	+13.6%
BIIB	Buy	Biogen Idec	$6,281,000	+24.0%	17,777	+1.8%	0.87%	+18.8%
FITB	Buy	Fifth Third Bancorp	$6,258,000	-0.1%	224,145	+2.7%	0.87%	-4.3%
TGT	Sell	Target	$6,104,000	+15.4%	69,203	-0.4%	0.85%	+10.5%
WHR	Buy	Whirpool	$6,082,000	-18.4%	51,220	+0.5%	0.85%	-21.8%
KMB	Buy	Kimberly Clark	$6,016,000	+9.4%	52,936	+1.4%	0.84%	+4.8%
XOM	Buy	Exxon Mobil	$5,975,000	+13.0%	70,280	+9.9%	0.83%	+8.2%
HFC	Buy	HollyFrontier Corp	$5,969,000	+3.7%	85,398	+1.6%	0.83%	-0.6%
NOV	Buy	National Oilwell	$5,946,000	-0.1%	138,025	+0.6%	0.83%	-4.3%
GM	Buy	General Motors	$5,834,000	-12.1%	173,276	+2.8%	0.81%	-15.9%
SHPG	Buy	Shire Pharmaceuticals	$5,776,000	+8.8%	31,862	+1.3%	0.80%	+4.1%
GT	Buy	Goodyear Tire	$5,760,000	+6.4%	246,261	+6.0%	0.80%	+1.9%
LRCX	Buy	Lam Research	$5,748,000	-1.1%	37,889	+12.7%	0.80%	-5.3%
BBT	Buy	BB&T Corporation	$5,716,000	-1.9%	117,757	+1.9%	0.80%	-6.0%
AXS	Sell	Axis Capital	$5,427,000	+3.5%	94,036	-0.3%	0.76%	-0.8%
GILD	Buy	Gilead Sciences	$5,339,000	+10.8%	69,146	+1.7%	0.74%	+6.1%
WFC	Buy	Wells Fargo & Co.	$5,302,000	-3.7%	100,872	+1.6%	0.74%	-7.8%
MU	New	Micron Technology	$5,201,000	–	114,983	–	0.72%	–
MET	Buy	Metlife	$5,160,000	+8.3%	110,437	+1.0%	0.72%	+3.6%
ING	Buy	ING Groep NV	$5,116,000	-4.8%	394,429	+5.1%	0.71%	-8.8%
GS	Buy	Goldman Sachs Group	$5,029,000	+5.7%	22,425	+3.9%	0.70%	+1.2%
MRVL	Buy	Marvell Tech	$4,998,000	-8.0%	258,984	+2.2%	0.70%	-11.9%
SYMC	Sell	Symantec	$4,973,000	+1.4%	233,712	-1.6%	0.69%	-2.9%
JNPR	Buy	Juniper Networks	$4,927,000	+12.3%	164,381	+2.8%	0.69%	+7.5%
MOS	Buy	Mosaic	$4,929,000	+18.4%	151,765	+2.3%	0.69%	+13.4%
C	Buy	Citigroup Inc	$4,914,000	+11.7%	68,491	+4.2%	0.68%	+7.0%
WRK	New	Westrock Company	$4,728,000	–	88,471	–	0.66%	–
TSN	Buy	Tyson Foods	$4,682,000	-11.6%	78,644	+2.2%	0.65%	-15.3%
VZ	Buy	Verizon Communications	$4,649,000	+9.7%	87,071	+3.4%	0.65%	+5.0%
TTE	Buy	Total SA	$4,536,000	+8.8%	70,446	+2.3%	0.63%	+4.1%
FLOT	Buy	iShares Floating Rate Noteetf	$4,494,000	+2.7%	88,077	+2.7%	0.63%	-1.6%
SNY	Buy	Sanofi	$4,432,000	+14.3%	99,218	+2.3%	0.62%	+9.4%
FLR	Buy	Fluor	$4,386,000	+23.3%	75,492	+3.6%	0.61%	+18.2%
TRN	Sell	Trinity Industries	$4,274,000	+6.4%	116,651	-0.5%	0.60%	+1.9%
BHE	Buy	Benchmark Electronics	$4,268,000	-18.8%	182,398	+1.1%	0.59%	-22.3%
CM	Buy	Canadian Imperial Bank of Commerce (CIBC)	$4,247,000	+10.1%	45,295	+2.1%	0.59%	+5.3%
SHV	Buy	iShares Short Treasury Bond ETFetf	$4,185,000	+20.7%	37,897	+20.7%	0.58%	+15.7%
NTTYY	Buy	Nippon Telegraph and Telephone	$4,171,000	+2.2%	92,325	+2.5%	0.58%	-2.2%
REG	Buy	Regency Centers	$4,108,000	+6.5%	63,515	+2.2%	0.57%	+2.0%
PFE	Sell	Pfizer	$4,028,000	+21.0%	91,402	-0.4%	0.56%	+15.9%
CVS	Buy	CVS Health	$3,540,000	+24.1%	44,964	+1.4%	0.49%	+18.8%
HAL	Sell	Halliburton Co.	$3,381,000	-10.8%	83,411	-0.8%	0.47%	-14.5%
SHY	Sell	iShares Barclays 1-3 Year Treasury Bondetf	$3,347,000	-3.1%	40,278	-2.8%	0.47%	-7.2%
MRK	Buy	Merck & Co.	$3,330,000	+20.1%	46,945	+2.8%	0.46%	+15.1%
COHU	Buy	Cohu	$3,321,000	+10.7%	132,324	+8.1%	0.46%	+6.0%
RDSA	Buy	Royal Dutch Shell PLC Class A	$3,289,000	-0.6%	48,269	+1.0%	0.46%	-4.8%
SJNK	Buy	SPDR Barclays Short Term High Yield Bondetf	$3,257,000	+14.8%	118,058	+13.5%	0.45%	+9.7%
JBL	Buy	Jabil Inc.	$3,244,000	+2.6%	119,800	+4.8%	0.45%	-1.7%
TPC	Sell	Tutor Perini Corp	$3,221,000	-1.8%	171,342	-3.6%	0.45%	-6.1%
SFL	Sell	Ship Finance Int'l	$3,050,000	-8.4%	219,405	-1.5%	0.42%	-12.2%
WSM	Buy	Williams Sonoma	$3,005,000	+7.5%	45,729	+0.4%	0.42%	+3.0%
DSW	Sell	DSW Inc	$2,885,000	+14.7%	85,164	-12.6%	0.40%	+9.8%
KIM	Buy	Kimco Realty Corp	$2,826,000	-1.0%	168,833	+0.5%	0.39%	-5.3%
MCK	Sell	McKesson	$2,801,000	-5.8%	21,116	-5.2%	0.39%	-9.7%
NTR	Sell	Nutrien Ltd	$2,584,000	+5.7%	44,775	-0.4%	0.36%	+1.4%
ARII	Buy	American Railcar	$2,561,000	+19.7%	55,553	+2.5%	0.36%	+14.8%
DOC	Sell	Physicians Realty Trust	$2,529,000	+5.8%	149,975	-0.0%	0.35%	+1.1%
MDT	Buy	Medtronic PLC	$2,477,000	+15.3%	25,181	+0.3%	0.34%	+10.6%
WBA	Buy	Walgreens Boots Alliance	$2,388,000	+22.0%	32,754	+0.4%	0.33%	+16.9%
AVX	Sell	AVX Corp	$2,326,000	+13.7%	128,891	-1.2%	0.32%	+9.1%
KEY	Sell	Keycorp	$2,289,000	+0.9%	115,089	-0.9%	0.32%	-3.3%
BKR	Buy	Baker Hughes a GE Company	$2,288,000	+2.5%	67,635	+0.1%	0.32%	-1.8%
NEM	Buy	Newmont Mining Corp Holding Co.	$2,281,000	-18.6%	75,540	+1.7%	0.32%	-21.9%
AZSEY	Buy	Allianz SE	$2,282,000	+17.3%	102,325	+7.7%	0.32%	+12.4%
FL	Sell	Foot Locker	$2,264,000	-4.6%	44,414	-1.4%	0.32%	-8.7%
BKLN	Buy	Invesco Senior Loan Portfolioetf	$2,252,000	+15.3%	97,185	+13.9%	0.31%	+10.6%
EMB	Sell	iShares JPMorgan USD Emerging Markets Bondetf	$2,238,000	-8.1%	20,762	-9.0%	0.31%	-11.9%
SIEGY	Buy	Siemens AG	$2,211,000	-0.6%	34,508	+2.2%	0.31%	-4.6%
SYF	Buy	Synchrony Financial	$2,165,000	+34.7%	69,658	+44.7%	0.30%	+28.6%
HSBC	Sell	HSBC Holdings PLC	$2,142,000	-7.2%	48,682	-0.6%	0.30%	-11.3%
KR	Sell	Kroger	$2,135,000	+1.8%	73,348	-0.5%	0.30%	-2.6%
THD	Sell	iShares MSCI Thailand Capped ETFetf	$2,103,000	+6.3%	22,299	-7.3%	0.29%	+1.7%
EWY	Sell	iShares MSCI South Korea Fundetf	$2,084,000	-24.7%	30,520	-25.3%	0.29%	-27.9%
GXG	Buy	Global X FTSE Colombia 20 ETFetf	$2,076,000	+31.5%	207,578	+37.9%	0.29%	+25.7%
EWM	Buy	iShares MSCI Malaysia Fundetf	$2,060,000	+51.5%	63,680	+46.0%	0.29%	+44.9%
EPU	Sell	iShares MSCI All Peru Capped Fundetf	$1,986,000	-12.6%	53,788	-7.1%	0.28%	-16.4%
AUY	Sell	Yamana Gold	$1,904,000	-15.5%	764,575	-1.6%	0.26%	-19.2%
TNP	Sell	Tsakos Energy	$1,887,000	-10.5%	556,541	-1.8%	0.26%	-14.3%
NORW	Buy	Global X MSCI Norway ETFetf	$1,795,000	+11.8%	117,961	+5.1%	0.25%	+7.3%
T	Sell	AT&T Inc	$1,791,000	+4.6%	53,323	-0.0%	0.25%	0.0%
OII	Buy	Oceaneering Int'l	$1,774,000	+11.6%	64,268	+3.0%	0.25%	+6.9%
IP	Buy	Int'l Paper	$1,752,000	-1.1%	35,653	+4.8%	0.24%	-5.4%
FLJP	New	Franklin FTSE Japan Fundetf	$1,663,000	–	61,997	–	0.23%	–
ANH	Buy	Anworth Mortgage Asset Corp	$1,660,000	-3.4%	358,587	+3.7%	0.23%	-7.6%
EWC	Buy	iShares MSCI Canada Fundetf	$1,606,000	+6.9%	55,803	+5.8%	0.22%	+2.8%
ECH	Sell	iShares MSCI Chile Capped ETFetf	$1,584,000	-28.8%	34,967	-27.7%	0.22%	-31.8%
PGAL	New	Global X FTSE Portugal 20 ETFetf	$1,528,000	–	125,680	–	0.21%	–
EWH	Sell	iShares MSCI Hong Kong Fundetf	$1,518,000	-22.2%	63,477	-21.3%	0.21%	-25.7%
HMC	Sell	Honda Motor	$1,504,000	+1.6%	50,000	-1.1%	0.21%	-2.8%
EIRL	Buy	iShares MSCI Ireland Fundetf	$1,502,000	+1.1%	33,325	+6.1%	0.21%	-3.2%
FLMX	New	Franklin FTSE Mexico Fundetf	$1,498,000	–	57,406	–	0.21%	–
CCL	Sell	Carnival Corp	$1,461,000	+11.2%	22,903	-0.1%	0.20%	+6.3%
FLIN	New	Franklin FTSE India Fundetf	$1,423,000	–	65,678	–	0.20%	–
ALL	Buy	Allstate	$1,414,000	+8.8%	14,330	+0.6%	0.20%	+4.2%
CAH	Buy	Cardinal Health	$1,338,000	+40.7%	24,775	+27.2%	0.19%	+34.8%
DPSGY	Sell	Deutsche Post	$1,238,000	+6.7%	34,718	-2.3%	0.17%	+1.8%
ALK	Buy	Alaska Air Group	$1,209,000	+21.8%	17,558	+6.8%	0.17%	+16.7%
NTAP	Sell	Netapp Inc	$1,191,000	-10.0%	13,864	-17.8%	0.17%	-13.5%
VCSH	Sell	Vanguard Short-Term Corp Bond Fundetf	$1,144,000	-4.7%	14,635	-4.8%	0.16%	-8.6%
SLB	Buy	Schlumberger	$1,117,000	-6.1%	18,329	+3.4%	0.16%	-9.8%
IAGG	Buy	iShares Core International Aggregate Bond ETFetf	$1,119,000	+17.2%	21,402	+18.1%	0.16%	+12.2%
BASFY	New	BASF AG	$958,000	–	43,109	–	0.13%	–
AXAHY	Sell	AXA SA	$957,000	+8.3%	35,603	-1.2%	0.13%	+3.1%
BHP	Sell	BHP Billiton	$899,000	-2.0%	18,041	-1.6%	0.12%	-6.0%
NYCB	Sell	New York Community Bancorp	$896,000	-10.9%	86,435	-5.2%	0.12%	-14.4%
EWU	Buy	iShares MSCI United Kingdom Fundetf	$775,000	+11.4%	22,718	+13.5%	0.11%	+6.9%
SCGLY	Sell	Societe Generale	$765,000	-0.8%	89,044	-2.6%	0.11%	-4.5%
EWQ	Buy	iShares MSCI France Fundetf	$754,000	+9.0%	24,032	+6.0%	0.10%	+4.0%
AMZN	Sell	Amazon.com	$611,000	+13.8%	305	-3.5%	0.08%	+9.0%
GOOGL	Sell	Alphabet Class A	$433,000	+3.3%	359	-3.2%	0.06%	-1.6%
UTX	Buy	United Technologies	$285,000	+33.8%	2,040	+20.0%	0.04%	+29.0%
BHF	Sell	Brighthouse Financial	$265,000	+8.6%	5,984	-1.8%	0.04%	+5.7%
MIDU	Exit	Direxion Daily Mid Cap Bull 3X Sharesetf	$0	–	-4,424	–	-0.03%	–
LQD	Exit	iShares iBoxx $ Invest Grade Corp Bondetf	$0	–	-1,996	–	-0.03%	–
IWN	Exit	iShares Russell 2000 Value Fundetf	$0	–	-1,735	–	-0.03%	–
EPHE	Exit	iShares MSCI Philippines Fundetf	$0	–	-8,153	–	-0.04%	–
DZK	Exit	Direxion Daily Dev Mkts Bull 3X Shrsetf	$0	–	-3,460	–	-0.04%	–
SRLN	Exit	SPDR Blackstone GSO Senior Loanetf	$0	–	-5,849	–	-0.04%	–
FM	Exit	iShares MSCI Frontier 100etf	$0	–	-9,707	–	-0.04%	–
EMLC	Exit	VanEck Vectors EM Local Curr Bond ETFetf	$0	–	-17,117	–	-0.04%	–
AGZ	Exit	iShares Barclays Agency Bondetf	$0	–	-2,856	–	-0.05%	–
TNA	Exit	Direxion Daily Small Cap Bull 3X Sharesetf	$0	–	-3,840	–	-0.05%	–
BSV	Exit	Vanguard Short-Term Bond ETFetf	$0	–	-3,998	–	-0.05%	–
SPXL	Exit	Direxion Daily S&P500 Bull 3X Sharesetf	$0	–	-7,198	–	-0.05%	–
EWG	Exit	iShares MSCI Germany Fundetf	$0	–	-13,694	–	-0.06%	–
FTSM	Exit	First Trust Enhanced Short Maturityetf	$0	–	-7,137	–	-0.06%	–
EWJ	Exit	iShares MSCI Japan Fundetf	$0	–	-7,546	–	-0.06%	–
HYS	Exit	PIMCO 0-5 Year High Yield Corporate Bond Fundetf	$0	–	-4,518	–	-0.06%	–
EPOL	Exit	iShares MSCI Poland Capped Investable Market Fundetf	$0	–	-21,629	–	-0.07%	–
EIDO	Exit	iShares MSCI Indonesia Fundetf	$0	–	-21,345	–	-0.07%	–
EWK	Exit	iShares MSCI Belgium Capped Fundetf	$0	–	-28,207	–	-0.08%	–
EWL	Exit	iShares MSCI Switzerland Fundetf	$0	–	-17,020	–	-0.08%	–
XLY	Exit	Consumer Discret Select Sector SPDRetf	$0	–	-5,189	–	-0.08%	–
EWO	Exit	iShares MSCI Austria Fundetf	$0	–	-24,885	–	-0.08%	–
RSX	Exit	VanEck Vectors Russia ETFetf	$0	–	-26,977	–	-0.08%	–
EWN	Exit	iShares MSCI Netherlands Fundetf	$0	–	-18,803	–	-0.08%	–
EWT	Exit	iShares MSCI Taiwan Fundetf	$0	–	-16,282	–	-0.08%	–
INDA	Exit	iShares MSCI India Fundetf	$0	–	-17,708	–	-0.09%	–
MBB	Exit	iShares Barclays MBS Bond ETFetf	$0	–	-6,026	–	-0.09%	–
XLE	Exit	Energy Select Sector SPDRetf	$0	–	-9,484	–	-0.10%	–
VMBS	Exit	Vanguard Mortgage-Backed Securities ETFetf	$0	–	-15,010	–	-0.11%	–
XLK	Exit	Technology Select Sector SPDRetf	$0	–	-12,269	–	-0.12%	–
BND	Exit	Vanguard Total Bond Market ETFetf	$0	–	-10,934	–	-0.13%	–
XLF	Exit	Financials Select Sector SPDRetf	$0	–	-34,385	–	-0.13%	–
PDBC	Exit	Invesco Optimum Yield Commodityetf	$0	–	-52,606	–	-0.14%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bond Fundetf	$0	–	-12,263	–	-0.15%	–
HYEM	Exit	VanEck Vectors Emerging Markets High Yield Bond ETFetf	$0	–	-49,219	–	-0.16%	–
EWI	Exit	iShares MSCI Italy Capped Fundetf	$0	–	-49,885	–	-0.21%	–
EZA	Exit	iShares MSCI South Africa Fundetf	$0	–	-32,766	–	-0.27%	–
EWZ	Exit	iShares MSCI Brazil Capped Fundetf	$0	–	-59,927	–	-0.28%	–
GXC	Exit	SPDR S&P Chinaetf	$0	–	-18,735	–	-0.28%	–
GOLD	Exit	Barrick Gold	$0	–	-170,931	–	-0.33%	–
CA	Exit	CA Inc	$0	–	-196,647	–	-1.02%	–

Q2 2018

			Value		Shares		↓ Weighting
AAPL	New	Apple	$15,726,000	–	84,955	–	2.29%	–
AET	New	Aetna	$13,851,000	–	75,480	–	2.01%	–
MSFT	New	Microsoft	$13,058,000	–	132,424	–	1.90%	–
CSCO	New	Cisco Systems	$12,300,000	–	285,840	–	1.79%	–
INTC	New	Intel	$12,014,000	–	241,679	–	1.75%	–
JPM	New	JP Morgan Chase	$11,800,000	–	113,239	–	1.72%	–
DIS	New	Walt Disney	$10,796,000	–	103,009	–	1.57%	–
AMGN	New	Amgen Inc	$10,378,000	–	56,224	–	1.51%	–
GLW	New	Corning	$10,007,000	–	363,771	–	1.46%	–
NSC	New	Norfolk Southern	$10,009,000	–	66,344	–	1.46%	–
CE	New	Celanese Corp	$9,186,000	–	82,708	–	1.34%	–
MDC	New	MDC Holdings	$8,312,000	–	270,131	–	1.21%	–
RCL	New	Royal Caribbean Cruises	$8,311,000	–	80,218	–	1.21%	–
DE	New	Deere & Co.	$8,212,000	–	58,743	–	1.19%	–
ETN	New	Eaton Corp PLC	$8,195,000	–	109,645	–	1.19%	–
ABT	New	Abbott Laboratories	$8,164,000	–	133,864	–	1.19%	–
CMCSA	New	Comcast Corp CL A	$8,000,000	–	243,834	–	1.16%	–
TPR	New	Tapestry Inc	$7,942,000	–	170,035	–	1.16%	–
ADM	New	Archer-Daniels-Midland	$7,886,000	–	172,064	–	1.15%	–
PRU	New	Prudential	$7,867,000	–	84,133	–	1.14%	–
CAT	New	Caterpillar	$7,730,000	–	56,976	–	1.12%	–
STX	New	Seagate Technology	$7,691,000	–	136,203	–	1.12%	–
DLR	New	Digital Realty Trust	$7,550,000	–	67,662	–	1.10%	–
BAC	New	Bank of America	$7,464,000	–	264,791	–	1.08%	–
WHR	New	Whirpool	$7,451,000	–	50,953	–	1.08%	–
MAN	New	Manpower Inc	$7,408,000	–	86,082	–	1.08%	–
PNC	New	PNC Financial	$7,300,000	–	54,035	–	1.06%	–
JNJ	New	Johnson & Johnson	$7,202,000	–	59,357	–	1.05%	–
CA	New	CA Inc	$7,010,000	–	196,647	–	1.02%	–
FDX	New	FedEx Corp	$6,980,000	–	30,741	–	1.02%	–
COF	New	Capital One Financial	$6,835,000	–	74,370	–	0.99%	–
IBM	New	Int'l Business Machines	$6,796,000	–	48,644	–	0.99%	–
KSS	New	Kohl's	$6,797,000	–	93,242	–	0.99%	–
GOOG	New	Alphabet Class C	$6,744,000	–	6,045	–	0.98%	–
ORCL	New	Oracle	$6,735,000	–	152,860	–	0.98%	–
WMT	New	Walmart Inc	$6,729,000	–	78,565	–	0.98%	–
BK	New	Bank of NY Mellon Corp	$6,688,000	–	124,021	–	0.97%	–
GM	New	General Motors	$6,639,000	–	168,501	–	0.96%	–
FITB	New	Fifth Third Bancorp	$6,262,000	–	218,188	–	0.91%	–
ONB	New	Old National Bancorp	$6,242,000	–	335,584	–	0.91%	–
NOV	New	National Oilwell	$5,952,000	–	137,146	–	0.86%	–
BBT	New	BB&T Corporation	$5,827,000	–	115,526	–	0.85%	–
LRCX	New	Lam Research	$5,811,000	–	33,618	–	0.84%	–
HFC	New	HollyFrontier Corp	$5,754,000	–	84,084	–	0.84%	–
KMB	New	Kimberly Clark	$5,500,000	–	52,214	–	0.80%	–
WFC	New	Wells Fargo & Co.	$5,503,000	–	99,262	–	0.80%	–
DAL	New	Delta Air Lines	$5,450,000	–	110,009	–	0.79%	–
MRVL	New	Marvell Tech	$5,432,000	–	253,371	–	0.79%	–
GT	New	Goodyear Tire	$5,412,000	–	232,358	–	0.79%	–
ING	New	ING Groep NV	$5,373,000	–	375,179	–	0.78%	–
CMI	New	Cummins Inc	$5,324,000	–	40,027	–	0.77%	–
SHPG	New	Shire Pharmaceuticals	$5,310,000	–	31,457	–	0.77%	–
TSN	New	Tyson Foods	$5,296,000	–	76,917	–	0.77%	–
XOM	New	Exxon Mobil	$5,289,000	–	63,934	–	0.77%	–
TGT	New	Target	$5,288,000	–	69,468	–	0.77%	–
LOW	New	Lowe's Companies	$5,288,000	–	55,332	–	0.77%	–
BHE	New	Benchmark Electronics	$5,258,000	–	180,370	–	0.76%	–
AXS	New	Axis Capital	$5,245,000	–	94,295	–	0.76%	–
ZBH	New	Zimmer Biomet Holdings	$5,201,000	–	46,668	–	0.76%	–
QCOM	New	Qualcomm	$5,137,000	–	91,535	–	0.75%	–
BIIB	New	Biogen Idec	$5,066,000	–	17,456	–	0.74%	–
SYMC	New	Symantec	$4,904,000	–	237,494	–	0.71%	–
GILD	New	Gilead Sciences	$4,817,000	–	68,001	–	0.70%	–
MET	New	Metlife	$4,766,000	–	109,314	–	0.69%	–
GS	New	Goldman Sachs Group	$4,760,000	–	21,581	–	0.69%	–
C	New	Citigroup Inc	$4,399,000	–	65,729	–	0.64%	–
JNPR	New	Juniper Networks	$4,386,000	–	159,956	–	0.64%	–
FLOT	New	iShares Floating Rate Noteetf	$4,376,000	–	85,800	–	0.64%	–
VZ	New	Verizon Communications	$4,238,000	–	84,247	–	0.62%	–
TTE	New	Total SA	$4,169,000	–	68,845	–	0.61%	–
MOS	New	Mosaic	$4,163,000	–	148,400	–	0.60%	–
NTTYY	New	Nippon Telegraph and Telephone	$4,083,000	–	90,061	–	0.59%	–
TRN	New	Trinity Industries	$4,018,000	–	117,267	–	0.58%	–
SNY	New	Sanofi	$3,879,000	–	96,962	–	0.56%	–
REG	New	Regency Centers	$3,857,000	–	62,125	–	0.56%	–
CM	New	Canadian Imperial Bank of Commerce (CIBC)	$3,856,000	–	44,367	–	0.56%	–
HAL	New	Halliburton Co.	$3,790,000	–	84,110	–	0.55%	–
FLR	New	Fluor	$3,556,000	–	72,891	–	0.52%	–
SHV	New	iShares Short Treasury Bond ETFetf	$3,467,000	–	31,390	–	0.50%	–
SHY	New	iShares Barclays 1-3 Year Treasury Bondetf	$3,454,000	–	41,424	–	0.50%	–
SFL	New	Ship Finance Int'l	$3,329,000	–	222,693	–	0.48%	–
PFE	New	Pfizer	$3,329,000	–	91,759	–	0.48%	–
RDSA	New	Royal Dutch Shell PLC Class A	$3,308,000	–	47,787	–	0.48%	–
TPC	New	Tutor Perini Corp	$3,280,000	–	177,761	–	0.48%	–
JBL	New	Jabil Inc.	$3,161,000	–	114,278	–	0.46%	–
COHU	New	Cohu	$3,000,000	–	122,390	–	0.44%	–
MCK	New	McKesson	$2,973,000	–	22,286	–	0.43%	–
KIM	New	Kimco Realty Corp	$2,855,000	–	168,030	–	0.42%	–
CVS	New	CVS Health	$2,853,000	–	44,341	–	0.42%	–
SJNK	New	SPDR Barclays Short Term High Yield Bondetf	$2,838,000	–	103,999	–	0.41%	–
NEM	New	Newmont Mining Corp Holding Co.	$2,801,000	–	74,270	–	0.41%	–
WSM	New	Williams Sonoma	$2,795,000	–	45,531	–	0.41%	–
MRK	New	Merck & Co.	$2,773,000	–	45,685	–	0.40%	–
EWY	New	iShares MSCI South Korea Fundetf	$2,768,000	–	40,884	–	0.40%	–
DSW	New	DSW Inc	$2,515,000	–	97,404	–	0.37%	–
NTR	New	Nutrien Ltd	$2,444,000	–	44,937	–	0.36%	–
EMB	New	iShares JPMorgan USD Emerging Markets Bondetf	$2,436,000	–	22,813	–	0.35%	–
DOC	New	Physicians Realty Trust	$2,391,000	–	149,992	–	0.35%	–
FL	New	Foot Locker	$2,372,000	–	45,057	–	0.34%	–
HSBC	New	HSBC Holdings PLC	$2,309,000	–	48,972	–	0.34%	–
EPU	New	iShares MSCI All Peru Capped Fundetf	$2,273,000	–	57,908	–	0.33%	–
KEY	New	Keycorp	$2,268,000	–	116,078	–	0.33%	–
AUY	New	Yamana Gold	$2,253,000	–	776,778	–	0.33%	–
GOLD	New	Barrick Gold	$2,244,000	–	170,931	–	0.33%	–
BKR	New	Baker Hughes a GE Company	$2,233,000	–	67,591	–	0.32%	–
ECH	New	iShares MSCI Chile Capped ETFetf	$2,226,000	–	48,359	–	0.32%	–
SIEGY	New	Siemens AG	$2,225,000	–	33,773	–	0.32%	–
MDT	New	Medtronic PLC	$2,149,000	–	25,106	–	0.31%	–
ARII	New	American Railcar	$2,139,000	–	54,180	–	0.31%	–
TNP	New	Tsakos Energy	$2,109,000	–	566,913	–	0.31%	–
KR	New	Kroger	$2,098,000	–	73,742	–	0.30%	–
AVX	New	AVX Corp	$2,045,000	–	130,477	–	0.30%	–
THD	New	iShares MSCI Thailand Capped ETFetf	$1,979,000	–	24,057	–	0.29%	–
GXC	New	SPDR S&P Chinaetf	$1,963,000	–	18,735	–	0.28%	–
BKLN	New	Invesco Senior Loan Portfolioetf	$1,954,000	–	85,320	–	0.28%	–
WBA	New	Walgreens Boots Alliance	$1,957,000	–	32,615	–	0.28%	–
EWH	New	iShares MSCI Hong Kong Fundetf	$1,952,000	–	80,633	–	0.28%	–
AZSEY	New	Allianz SE	$1,946,000	–	95,002	–	0.28%	–
EWZ	New	iShares MSCI Brazil Capped Fundetf	$1,921,000	–	59,927	–	0.28%	–
EZA	New	iShares MSCI South Africa Fundetf	$1,886,000	–	32,766	–	0.27%	–
IP	New	Int'l Paper	$1,772,000	–	34,027	–	0.26%	–
ANH	New	Anworth Mortgage Asset Corp	$1,718,000	–	345,627	–	0.25%	–
T	New	AT&T Inc	$1,713,000	–	53,336	–	0.25%	–
SYF	New	Synchrony Financial	$1,607,000	–	48,153	–	0.23%	–
NORW	New	Global X MSCI Norway ETFetf	$1,606,000	–	112,234	–	0.23%	–
OII	New	Oceaneering Int'l	$1,589,000	–	62,415	–	0.23%	–
GXG	New	Global X FTSE Colombia 20 ETFetf	$1,579,000	–	150,496	–	0.23%	–
EWC	New	iShares MSCI Canada Fundetf	$1,503,000	–	52,733	–	0.22%	–
EIRL	New	iShares MSCI Ireland Fundetf	$1,486,000	–	31,406	–	0.22%	–
HMC	New	Honda Motor	$1,480,000	–	50,563	–	0.22%	–
EWI	New	iShares MSCI Italy Capped Fundetf	$1,441,000	–	49,885	–	0.21%	–
EWM	New	iShares MSCI Malaysia Fundetf	$1,360,000	–	43,605	–	0.20%	–
NTAP	New	Netapp Inc	$1,324,000	–	16,864	–	0.19%	–
CCL	New	Carnival Corp	$1,314,000	–	22,932	–	0.19%	–
ALL	New	Allstate	$1,300,000	–	14,238	–	0.19%	–
VCSH	New	Vanguard Short-Term Corp Bond Fundetf	$1,200,000	–	15,371	–	0.17%	–
SLB	New	Schlumberger	$1,189,000	–	17,734	–	0.17%	–
DPSGY	New	Deutsche Post	$1,160,000	–	35,529	–	0.17%	–
HYEM	New	VanEck Vectors Emerging Markets High Yield Bond ETFetf	$1,129,000	–	49,219	–	0.16%	–
VCIT	New	Vanguard Interm-Tm Corp Bond Fundetf	$1,024,000	–	12,263	–	0.15%	–
NYCB	New	New York Community Bancorp	$1,006,000	–	91,152	–	0.15%	–
ALK	New	Alaska Air Group	$993,000	–	16,443	–	0.14%	–
PDBC	New	Invesco Optimum Yield Commodityetf	$971,000	–	52,606	–	0.14%	–
IAGG	New	iShares Core International Aggregate Bond ETFetf	$955,000	–	18,125	–	0.14%	–
CAH	New	Cardinal Health	$951,000	–	19,481	–	0.14%	–
XLF	New	Financials Select Sector SPDRetf	$914,000	–	34,385	–	0.13%	–
BHP	New	BHP Billiton	$917,000	–	18,337	–	0.13%	–
AXAHY	New	AXA SA	$884,000	–	36,018	–	0.13%	–
BND	New	Vanguard Total Bond Market ETFetf	$866,000	–	10,934	–	0.13%	–
XLK	New	Technology Select Sector SPDRetf	$852,000	–	12,269	–	0.12%	–
SCGLY	New	Societe Generale	$771,000	–	91,423	–	0.11%	–
VMBS	New	Vanguard Mortgage-Backed Securities ETFetf	$772,000	–	15,010	–	0.11%	–
XLE	New	Energy Select Sector SPDRetf	$720,000	–	9,484	–	0.10%	–
EWU	New	iShares MSCI United Kingdom Fundetf	$696,000	–	20,008	–	0.10%	–
EWQ	New	iShares MSCI France Fundetf	$692,000	–	22,675	–	0.10%	–
MBB	New	iShares Barclays MBS Bond ETFetf	$628,000	–	6,026	–	0.09%	–
INDA	New	iShares MSCI India Fundetf	$589,000	–	17,708	–	0.09%	–
EWT	New	iShares MSCI Taiwan Fundetf	$586,000	–	16,282	–	0.08%	–
EWN	New	iShares MSCI Netherlands Fundetf	$574,000	–	18,803	–	0.08%	–
RSX	New	VanEck Vectors Russia ETFetf	$573,000	–	26,977	–	0.08%	–
XLY	New	Consumer Discret Select Sector SPDRetf	$567,000	–	5,189	–	0.08%	–
EWO	New	iShares MSCI Austria Fundetf	$564,000	–	24,885	–	0.08%	–
EWK	New	iShares MSCI Belgium Capped Fundetf	$555,000	–	28,207	–	0.08%	–
EWL	New	iShares MSCI Switzerland Fundetf	$555,000	–	17,020	–	0.08%	–
AMZN	New	Amazon.com	$537,000	–	316	–	0.08%	–
EIDO	New	iShares MSCI Indonesia Fundetf	$490,000	–	21,345	–	0.07%	–
EPOL	New	iShares MSCI Poland Capped Investable Market Fundetf	$471,000	–	21,629	–	0.07%	–
HYS	New	PIMCO 0-5 Year High Yield Corporate Bond Fundetf	$450,000	–	4,518	–	0.06%	–
EWJ	New	iShares MSCI Japan Fundetf	$437,000	–	7,546	–	0.06%	–
FTSM	New	First Trust Enhanced Short Maturityetf	$428,000	–	7,137	–	0.06%	–
GOOGL	New	Alphabet Class A	$419,000	–	371	–	0.06%	–
EWG	New	iShares MSCI Germany Fundetf	$411,000	–	13,694	–	0.06%	–
BRKB	New	Berkshire Hathaway CL B	$373,000	–	1,999	–	0.05%	–
SPXL	New	Direxion Daily S&P500 Bull 3X Sharesetf	$321,000	–	7,198	–	0.05%	–
BSV	New	Vanguard Short-Term Bond ETFetf	$313,000	–	3,998	–	0.05%	–
TNA	New	Direxion Daily Small Cap Bull 3X Sharesetf	$316,000	–	3,840	–	0.05%	–
AGZ	New	iShares Barclays Agency Bondetf	$318,000	–	2,856	–	0.05%	–
EMLC	New	VanEck Vectors EM Local Curr Bond ETFetf	$291,000	–	17,117	–	0.04%	–
FM	New	iShares MSCI Frontier 100etf	$280,000	–	9,707	–	0.04%	–
SRLN	New	SPDR Blackstone GSO Senior Loanetf	$275,000	–	5,849	–	0.04%	–
DZK	New	Direxion Daily Dev Mkts Bull 3X Shrsetf	$247,000	–	3,460	–	0.04%	–
EPHE	New	iShares MSCI Philippines Fundetf	$246,000	–	8,153	–	0.04%	–
BHF	New	Brighthouse Financial	$244,000	–	6,094	–	0.04%	–
HD	New	Home Depot	$244,000	–	1,250	–	0.04%	–
IWN	New	iShares Russell 2000 Value Fundetf	$229,000	–	1,735	–	0.03%	–
LQD	New	iShares iBoxx $ Invest Grade Corp Bondetf	$229,000	–	1,996	–	0.03%	–
MIDU	New	Direxion Daily Mid Cap Bull 3X Sharesetf	$214,000	–	4,424	–	0.03%	–
UTX	New	United Technologies	$213,000	–	1,700	–	0.03%	–

Q4 2017

			Value		Shares		↓ Weighting
PG	Exit	Proctor & Gamble	$0	–	-2,445	–	-0.03%	–
MIDU	Exit	Direxion Daily Mid Cap Bull 3X Sharesetf	$0	–	-5,562	–	-0.03%	–
EDC	Exit	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$0	–	-2,766	–	-0.04%	–
HD	Exit	Home Depot	$0	–	-1,800	–	-0.04%	–
EPHE	Exit	iShares MSCI Philippines Indexetf	$0	–	-8,572	–	-0.04%	–
PSCD	Exit	Powershares S&P 500 Consumer Discretionaryetf	$0	–	-6,253	–	-0.04%	–
BRKB	Exit	Berkshire Hathaway CL B	$0	–	-1,999	–	-0.04%	–
FM	Exit	iShares MSCI Frontier 100etf	$0	–	-11,744	–	-0.04%	–
GOOG	Exit	Alphabet Inc Class C	$0	–	-387	–	-0.04%	–
GOOGL	Exit	Alphabet Inc Class A	$0	–	-392	–	-0.05%	–
AMZN	Exit	Amazon.com	$0	–	-427	–	-0.05%	–
JNPR	Exit	Juniper Networks	$0	–	-15,604	–	-0.05%	–
TNA	Exit	Direxion Daily Small Cap Bull 3X Sharesetf	$0	–	-7,129	–	-0.06%	–
DIOD	Exit	Diodes	$0	–	-15,431	–	-0.06%	–
BHF	Exit	Brighthouse Financial	$0	–	-9,219	–	-0.07%	–
EWK	Exit	iShares MSCI Belgium Capped Indexetf	$0	–	-30,329	–	-0.08%	–
DZK	Exit	Direxion Daily Dev Mkts Bull 3X Shrsetf	$0	–	-8,945	–	-0.08%	–
BHP	Exit	BHP Billiton	$0	–	-17,364	–	-0.08%	–
SPXL	Exit	Direxion Daily S&P500 Bull 3X Sharesetf	$0	–	-18,535	–	-0.09%	–
PDBC	Exit	PowerShares DB Optimum Yield Commodityetf	$0	–	-43,945	–	-0.09%	–
VMBS	Exit	Vanguard Mortgage-Backed Securities ETFetf	$0	–	-14,646	–	-0.09%	–
MBB	Exit	iShares Barclays MBS Bond ETFetf	$0	–	-7,543	–	-0.10%	–
NTAP	Exit	Netapp Inc	$0	–	-19,009	–	-0.10%	–
RYN	Exit	Rayonier	$0	–	-31,528	–	-0.11%	–
MINT	Exit	PIMCO Enhanced Short Maturity Active ETFetf	$0	–	-9,616	–	-0.12%	–
ALK	Exit	Alaska Air Group	$0	–	-13,661	–	-0.13%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-14,393	–	-0.13%	–
SMH	Exit	VanEck Vectors Semiconductor ETFetf	$0	–	-12,241	–	-0.14%	–
FL	Exit	Foot Locker	$0	–	-34,033	–	-0.14%	–
BND	Exit	Vanguard Total Bond Market ETFetf	$0	–	-15,338	–	-0.15%	–
SLB	Exit	Schlumberger	$0	–	-17,991	–	-0.15%	–
ALL	Exit	Allstate	$0	–	-13,905	–	-0.15%	–
IWN	Exit	iShares Russell 2000 Value Indexetf	$0	–	-10,321	–	-0.16%	–
KR	Exit	Kroger	$0	–	-64,241	–	-0.16%	–
DPSGY	Exit	Deutsche Post	$0	–	-31,716	–	-0.17%	–
CAH	Exit	Cardinal Health	$0	–	-21,487	–	-0.17%	–
XLRE	Exit	Real Estate Select SPDRetf	$0	–	-45,412	–	-0.18%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bond Index ETFetf	$0	–	-16,695	–	-0.18%	–
CCL	Exit	Carnival Corp	$0	–	-22,680	–	-0.18%	–
HMC	Exit	Honda Motor	$0	–	-50,331	–	-0.18%	–
EWH	Exit	iShares MSCI Hong Kong Indexetf	$0	–	-64,601	–	-0.19%	–
MDT	Exit	Medtronic PLC	$0	–	-21,123	–	-0.20%	–
SYF	Exit	Synchrony Financial	$0	–	-53,339	–	-0.20%	–
KMB	Exit	Kimberly Clark	$0	–	-14,106	–	-0.20%	–
EWN	Exit	iShares MSCI Netherlands Invesetf	$0	–	-55,803	–	-0.21%	–
SIEGY	Exit	Siemens AG	$0	–	-24,886	–	-0.21%	–
XLB	Exit	Materials Select Sector SPDRetf	$0	–	-32,289	–	-0.22%	–
IEF	Exit	iShares Barclays 7-10 Year Treasuryetf	$0	–	-17,493	–	-0.22%	–
MUB	Exit	iShares National Muni Bond ETFetf	$0	–	-16,970	–	-0.23%	–
AUY	Exit	Yamana Gold	$0	–	-725,845	–	-0.23%	–
EWO	Exit	iShares MSCI Austria Indexetf	$0	–	-84,941	–	-0.24%	–
DOC	Exit	Physicians Realty Trust	$0	–	-112,716	–	-0.24%	–
AGU	Exit	Agrium	$0	–	-18,690	–	-0.24%	–
AZSEY	Exit	Allianz SE	$0	–	-89,723	–	-0.24%	–
WSM	Exit	Williams Sonoma	$0	–	-41,002	–	-0.25%	–
ANH	Exit	Anworth Mortgage Asset Corp	$0	–	-354,631	–	-0.26%	–
XLI	Exit	Industrial Select Sector SPDRetf	$0	–	-31,018	–	-0.27%	–
T	Exit	AT&T Inc	$0	–	-58,697	–	-0.28%	–
ARII	Exit	American Railcar	$0	–	-60,320	–	-0.28%	–
DSW	Exit	DSW Inc	$0	–	-108,776	–	-0.28%	–
TRV	Exit	The Travelers Companies	$0	–	-19,280	–	-0.28%	–
AVX	Exit	AVX Corp	$0	–	-130,727	–	-0.29%	–
TLT	Exit	iShares Barclays 20 plus Year Treasury Bondetf	$0	–	-19,261	–	-0.29%	–
KIM	Exit	Kimco Realty Corp	$0	–	-122,796	–	-0.29%	–
HSBC	Exit	HSBC Holdings PLC	$0	–	-49,601	–	-0.30%	–
TNP	Exit	Tsakos Energy	$0	–	-551,238	–	-0.30%	–
KEY	Exit	Keycorp	$0	–	-132,998	–	-0.30%	–
BA	Exit	Boeing Co	$0	–	-10,021	–	-0.31%	–
RDSA	Exit	Royal Dutch Shell A	$0	–	-45,762	–	-0.34%	–
NEM	Exit	Newmont Mining Corp Holding Co.	$0	–	-74,395	–	-0.34%	–
OII	Exit	Oceaneering Int'l	$0	–	-107,024	–	-0.34%	–
GOLD	Exit	Barrick Gold	$0	–	-175,778	–	-0.34%	–
MRK	Exit	Merck & Co.	$0	–	-44,822	–	-0.35%	–
BKR	Exit	Baker Hughes a GE Company	$0	–	-81,033	–	-0.36%	–
PFE	Exit	Pfizer	$0	–	-84,630	–	-0.36%	–
EMB	Exit	iShares JPMorgan USD Emerging Markets Bondetf	$0	–	-26,092	–	-0.37%	–
SFL	Exit	Ship Finance Int'l	$0	–	-218,729	–	-0.38%	–
FLR	Exit	Fluor	$0	–	-75,449	–	-0.38%	–
HYS	Exit	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$0	–	-31,320	–	-0.38%	–
EWP	Exit	iShares MSCI Spain Capped Indexetf	$0	–	-94,794	–	-0.39%	–
EWQ	Exit	iShares MSCI France Index Fundetf	$0	–	-106,089	–	-0.40%	–
MOS	Exit	Mosaic	$0	–	-152,196	–	-0.40%	–
EWL	Exit	iShares MSCI Switzerland Indexetf	$0	–	-95,027	–	-0.40%	–
HAL	Exit	Halliburton Co.	$0	–	-73,109	–	-0.41%	–
JBL	Exit	Jabil Inc.	$0	–	-118,390	–	-0.41%	–
MCK	Exit	McKesson	$0	–	-22,495	–	-0.42%	–
VZ	Exit	Verizon Communications	$0	–	-70,185	–	-0.42%	–
TTE	Exit	Total SA	$0	–	-65,885	–	-0.43%	–
XLY	Exit	Consumer Discret Select Sector SPDRetf	$0	–	-39,188	–	-0.43%	–
EWA	Exit	iShares MSCI Australia Indexetf	$0	–	-164,055	–	-0.44%	–
TRN	Exit	Trinity Industries	$0	–	-116,108	–	-0.45%	–
REG	Exit	Regency Centers	$0	–	-60,722	–	-0.46%	–
RSX	Exit	Market Vectors Russia ETFetf	$0	–	-170,217	–	-0.46%	–
CM	Exit	Canadian Imperial Bank of Commerce (CIBC)	$0	–	-44,975	–	-0.48%	–
NTTYY	Exit	Nippon Telegraph and Telephone	$0	–	-86,326	–	-0.48%	–
CVS	Exit	CVS Health	$0	–	-49,528	–	-0.49%	–
TGT	Exit	Target	$0	–	-70,417	–	-0.50%	–
KSS	Exit	Kohl's	$0	–	-95,433	–	-0.53%	–
LOW	Exit	Lowe's Companies	$0	–	-54,782	–	-0.53%	–
XLE	Exit	Energy Select Sector SPDRetf	$0	–	-64,213	–	-0.53%	–
EPU	Exit	iShares MSCI All Peru Capped Index Fundetf	$0	–	-118,104	–	-0.55%	–
GXG	Exit	Global X FTSE Colombia 20 ETFetf	$0	–	-448,377	–	-0.56%	–
GS	Exit	Goldman Sachs Group	$0	–	-19,547	–	-0.56%	–
QCOM	Exit	Qualcomm	$0	–	-90,798	–	-0.57%	–
SHPG	Exit	Shire Pharmaceuticals	$0	–	-30,761	–	-0.57%	–
XLU	Exit	Utilities Select Sector SPDRetf	$0	–	-89,396	–	-0.57%	–
XLK	Exit	Technology Select Sector SPDRetf	$0	–	-80,684	–	-0.58%	–
MRVL	Exit	Marvell Tech	$0	–	-267,181	–	-0.58%	–
EWX	Exit	SPDR S&P Emerging Markets Small Capetf	$0	–	-96,838	–	-0.58%	–
TPC	Exit	Tutor Perini Corp	$0	–	-169,011	–	-0.58%	–
SNY	Exit	Sanofi	$0	–	-96,816	–	-0.58%	–
NKE	Exit	Nike Inc.	$0	–	-93,982	–	-0.59%	–
EWI	Exit	iShares MSCI Italy Capped Indexetf	$0	–	-156,490	–	-0.59%	–
ENZL	Exit	iShares MSCI New Zealand Indexetf	$0	–	-105,517	–	-0.60%	–
DAL	Exit	Delta Air Lines	$0	–	-105,788	–	-0.62%	–
NOV	Exit	National Oilwell	$0	–	-144,634	–	-0.62%	–
INDA	Exit	iShares MSCI India Index Fundetf	$0	–	-158,948	–	-0.63%	–
ECH	Exit	iShares MSCI Chile Capped ETFetf	$0	–	-108,006	–	-0.63%	–
XOM	Exit	Exxon Mobil	$0	–	-64,112	–	-0.64%	–
TSN	Exit	Tyson Foods	$0	–	-75,719	–	-0.64%	–
BIIB	Exit	Biogen Idec	$0	–	-17,073	–	-0.65%	–
AEO	Exit	American Eagle Outfitters	$0	–	-374,326	–	-0.65%	–
BSV	Exit	Vanguard Short-Term Bond ETFetf	$0	–	-67,546	–	-0.65%	–
ZBH	Exit	Zimmer Biomet	$0	–	-46,108	–	-0.65%	–
AXS	Exit	Axis Capital	$0	–	-94,378	–	-0.65%	–
BBT	Exit	BB&T Corporation	$0	–	-116,830	–	-0.66%	–
IBM	Exit	Int'l Business Machines	$0	–	-37,848	–	-0.66%	–
HYEM	Exit	Market Vectors Emerging Markets High Yield Bond ETFetf	$0	–	-223,052	–	-0.67%	–
GILD	Exit	Gilead Sciences	$0	–	-68,747	–	-0.67%	–
EPOL	Exit	iShares MSCI Poland Capped Investable Market Index Fundetf	$0	–	-213,309	–	-0.68%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-102,646	–	-0.68%	–
MET	Exit	Metlife	$0	–	-109,256	–	-0.69%	–
BHE	Exit	Benchmark Electronics	$0	–	-170,847	–	-0.70%	–
CMI	Exit	Cummins Inc	$0	–	-35,436	–	-0.72%	–
ONB	Exit	Old National Bancorp	$0	–	-329,365	–	-0.73%	–
EWG	Exit	iShares MSCI Germany Index Fundetf	$0	–	-188,068	–	-0.74%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-219,817	–	-0.74%	–
LQD	Exit	iShares iBoxx $ Invest Grade Corp Bondetf	$0	–	-51,455	–	-0.75%	–
WMT	Exit	Wal-Mart Stores	$0	–	-80,573	–	-0.76%	–
DLR	Exit	Digital Realty Trust	$0	–	-53,919	–	-0.77%	–
COF	Exit	Capital One Financial	$0	–	-75,744	–	-0.78%	–
BK	Exit	Bank of NY Mellon Corp	$0	–	-123,022	–	-0.79%	–
CA	Exit	CA Inc	$0	–	-196,168	–	-0.79%	–
WHR	Exit	Whirpool	$0	–	-35,539	–	-0.79%	–
XLF	Exit	Financials Select Sector SPDRetf	$0	–	-258,496	–	-0.81%	–
GM	Exit	General Motors	$0	–	-165,557	–	-0.81%	–
GT	Exit	Goodyear Tire	$0	–	-201,849	–	-0.81%	–
EWU	Exit	iShares MSCI United Kingdom Indexetf	$0	–	-193,011	–	-0.81%	–
FDX	Exit	FedEx Corp	$0	–	-30,180	–	-0.82%	–
EIDO	Exit	iShares MSCI Indonesia Indexetf	$0	–	-256,103	–	-0.83%	–
ING	Exit	ING Groep NV	$0	–	-376,192	–	-0.84%	–
EWT	Exit	iShares MSCI Taiwan Indexetf	$0	–	-191,952	–	-0.84%	–
TPR	Exit	Tapestry Inc	$0	–	-172,415	–	-0.84%	–
HFC	Exit	HollyFrontier Corp	$0	–	-193,002	–	-0.84%	–
BAC	Exit	Bank of America	$0	–	-274,665	–	-0.84%	–
XLP	Exit	Consumer Staples Select Sector SPDRetf	$0	–	-130,209	–	-0.85%	–
STX	Exit	Seagate Technology	$0	–	-213,238	–	-0.85%	–
ABT	Exit	Abbott Laboratories	$0	–	-134,052	–	-0.86%	–
ORCL	Exit	Oracle	$0	–	-150,561	–	-0.88%	–
EWJ	Exit	iShares MSCI Japan Indexetf	$0	–	-131,385	–	-0.88%	–
EWY	Exit	iShares MSCI South Korea Indexetf	$0	–	-106,279	–	-0.89%	–
ADM	Exit	Archer-Daniels-Midland	$0	–	-173,946	–	-0.89%	–
PNC	Exit	PNC Financial	$0	–	-55,777	–	-0.91%	–
CAT	Exit	Caterpillar	$0	–	-60,642	–	-0.91%	–
MAN	Exit	Manpower Inc	$0	–	-64,261	–	-0.92%	–
EZA	Exit	iShares MSCI South Africa Indexetf	$0	–	-131,443	–	-0.93%	–
SYMC	Exit	Symantec	$0	–	-244,102	–	-0.97%	–
DE	Exit	Deere & Co.	$0	–	-63,837	–	-0.97%	–
THD	Exit	iShares MSCI Thailand Capped ETFetf	$0	–	-93,505	–	-0.98%	–
JNJ	Exit	Johnson & Johnson	$0	–	-64,847	–	-1.02%	–
XLV	Exit	Health Care Select Sector SPDRetf	$0	–	-105,795	–	-1.04%	–
ETN	Exit	Eaton Corp PLC	$0	–	-112,729	–	-1.05%	–
MDC	Exit	MDC Holdings	$0	–	-262,272	–	-1.05%	–
NSC	Exit	Norfolk Southern	$0	–	-70,671	–	-1.13%	–
PRU	Exit	Prudential	$0	–	-87,943	–	-1.13%	–
EWZ	Exit	iShares MSCI Brazil Capped Index Fundetf	$0	–	-227,426	–	-1.14%	–
CMCSA	Exit	Comcast Corp CL A	$0	–	-246,626	–	-1.15%	–
INTC	Exit	Intel	$0	–	-255,079	–	-1.17%	–
CSCO	Exit	Cisco Systems	$0	–	-294,390	–	-1.20%	–
RCL	Exit	Royal Caribbean Cruises	$0	–	-84,509	–	-1.21%	–
CE	Exit	Celanese Corp	$0	–	-101,183	–	-1.27%	–
DIS	Exit	Walt Disney	$0	–	-108,550	–	-1.29%	–
AMGN	Exit	Amgen Inc	$0	–	-57,579	–	-1.30%	–
GLW	Exit	Corning	$0	–	-371,871	–	-1.34%	–
JPM	Exit	JP Morgan Chase	$0	–	-118,268	–	-1.36%	–
BIL	Exit	SPDR Bloomberg Barclays 1-3 Month T-Bill ETFetf	$0	–	-248,194	–	-1.37%	–
MSFT	Exit	Microsoft	$0	–	-168,516	–	-1.52%	–
AET	Exit	Aetna	$0	–	-82,109	–	-1.58%	–
AAPL	Exit	Apple Computer	$0	–	-87,563	–	-1.63%	–

Q3 2017

			Value		Shares		↓ Weighting
AAPL	Buy	Apple Computer	$13,495,000	+8.0%	87,563	+0.9%	1.63%	+1.9%
AET	Buy	Aetna	$13,056,000	+4.9%	82,109	+0.2%	1.58%	-1.0%
MSFT	Sell	Microsoft	$12,553,000	+4.9%	168,516	-2.9%	1.52%	-1.0%
BIL	Buy	SPDR Bloomberg Barclays 1-3 Month T-Bill ETFetf	$11,355,000	+1594.8%	248,194	+1594.7%	1.37%	+1495.3%
JPM	Sell	JP Morgan Chase	$11,296,000	+4.3%	118,268	-0.2%	1.36%	-1.6%
GLW	Sell	Corning	$11,126,000	-0.5%	371,871	-0.1%	1.34%	-6.1%
AMGN	Buy	Amgen Inc	$10,736,000	+9.2%	57,579	+0.9%	1.30%	+3.1%
DIS	Buy	Walt Disney	$10,700,000	-6.1%	108,550	+1.2%	1.29%	-11.3%
CE	Buy	Celanese Corp	$10,550,000	+10.0%	101,183	+0.1%	1.27%	+3.7%
RCL	Buy	Royal Caribbean Cruises	$10,018,000	+9.0%	84,509	+0.4%	1.21%	+2.8%
CSCO	Sell	Cisco Systems	$9,900,000	+2.5%	294,390	-4.6%	1.20%	-3.2%
INTC	Buy	Intel	$9,713,000	+13.6%	255,079	+0.7%	1.17%	+7.2%
CMCSA	Buy	Comcast Corp CL A	$9,490,000	-0.2%	246,626	+0.9%	1.15%	-5.9%
EWZ	Sell	iShares MSCI Brazil Capped Index Fundetf	$9,481,000	+20.5%	227,426	-1.3%	1.14%	+13.7%
NSC	Sell	Norfolk Southern	$9,345,000	+8.4%	70,671	-0.2%	1.13%	+2.4%
PRU	Buy	Prudential	$9,350,000	-1.1%	87,943	+0.6%	1.13%	-6.7%
MDC	Sell	MDC Holdings	$8,710,000	-6.8%	262,272	-0.8%	1.05%	-12.0%
ETN	Buy	Eaton Corp PLC	$8,656,000	+0.7%	112,729	+2.1%	1.05%	-4.9%
XLV	Sell	Health Care Select Sector SPDRetf	$8,647,000	+3.1%	105,795	-0.0%	1.04%	-2.6%
JNJ	Sell	Johnson & Johnson	$8,431,000	-3.1%	64,847	-1.5%	1.02%	-8.6%
THD	Buy	iShares MSCI Thailand Capped ETFetf	$8,084,000	+44.0%	93,505	+29.9%	0.98%	+36.1%
DE	Buy	Deere & Co.	$8,017,000	+3.6%	63,837	+2.0%	0.97%	-2.2%
SYMC	Buy	Symantec	$8,009,000	+18.2%	244,102	+1.8%	0.97%	+11.5%
EZA	Buy	iShares MSCI South Africa Indexetf	$7,722,000	+29.8%	131,443	+25.3%	0.93%	+22.6%
MAN	Sell	Manpower Inc	$7,571,000	-34.4%	64,261	-37.8%	0.92%	-38.1%
CAT	Sell	Caterpillar	$7,563,000	+15.5%	60,642	-0.5%	0.91%	+9.1%
PNC	Buy	PNC Financial	$7,517,000	+9.4%	55,777	+1.3%	0.91%	+3.2%
ADM	Buy	Archer-Daniels-Midland	$7,394,000	+3.6%	173,946	+0.9%	0.89%	-2.2%
EWY	Buy	iShares MSCI South Korea Indexetf	$7,340,000	+34.8%	106,279	+32.4%	0.89%	+27.3%
EWJ	Sell	iShares MSCI Japan Indexetf	$7,319,000	-20.3%	131,385	-23.2%	0.88%	-24.8%
ORCL	Buy	Oracle	$7,280,000	-3.4%	150,561	+0.2%	0.88%	-8.9%
ABT	Buy	Abbott Laboratories	$7,153,000	+10.2%	134,052	+0.4%	0.86%	+4.0%
STX	Sell	Seagate Technology	$7,073,000	-14.9%	213,238	-0.6%	0.85%	-19.8%
XLP	Buy	Consumer Staples Select Sector SPDRetf	$7,029,000	+42.3%	130,209	+44.8%	0.85%	+34.3%
BAC	Buy	Bank of America	$6,960,000	+6.3%	274,665	+1.8%	0.84%	+0.4%
TPR	New	Tapestry Inc	$6,945,000	–	172,415	–	0.84%	–
HFC	Buy	HollyFrontier Corp	$6,942,000	+31.2%	193,002	+0.2%	0.84%	+23.9%
ING	Sell	ING Groep NV	$6,929,000	+4.1%	376,192	-1.7%	0.84%	-1.8%
EWT	Buy	iShares MSCI Taiwan Indexetf	$6,929,000	+32.0%	191,952	+30.7%	0.84%	+24.6%
EIDO	Buy	iShares MSCI Indonesia Indexetf	$6,835,000	+20.6%	256,103	+23.0%	0.83%	+13.9%
FDX	Sell	FedEx Corp	$6,808,000	+3.3%	30,180	-0.5%	0.82%	-2.6%
EWU	Sell	iShares MSCI United Kingdom Indexetf	$6,726,000	+2.8%	193,011	-1.6%	0.81%	-2.9%
GT	Buy	Goodyear Tire	$6,711,000	-4.4%	201,849	+0.5%	0.81%	-9.8%
XLF	Sell	Financials Select Sector SPDRetf	$6,685,000	-10.1%	258,496	-14.3%	0.81%	-15.1%
GM	Buy	General Motors	$6,685,000	+17.5%	165,557	+1.7%	0.81%	+11.0%
WHR	Buy	Whirpool	$6,555,000	-2.2%	35,539	+1.6%	0.79%	-7.7%
CA	Buy	CA Inc	$6,548,000	-3.1%	196,168	+0.1%	0.79%	-8.6%
BK	Buy	Bank of NY Mellon Corp	$6,523,000	+4.3%	123,022	+0.3%	0.79%	-1.6%
COF	Sell	Capital One Financial	$6,413,000	+2.4%	75,744	-0.1%	0.78%	-3.4%
DLR	Buy	Digital Realty Trust	$6,380,000	+5.4%	53,919	+0.6%	0.77%	-0.5%
WMT	Buy	Wal-Mart Stores	$6,296,000	+4.5%	80,573	+1.2%	0.76%	-1.3%
LQD	Buy	iShares iBoxx $ Invest Grade Corp Bondetf	$6,238,000	+9.6%	51,455	+8.9%	0.75%	+3.4%
FITB	Sell	Fifth Third Bancorp	$6,150,000	+6.4%	219,817	-1.3%	0.74%	+0.4%
EWG	Buy	iShares MSCI Germany Index Fundetf	$6,099,000	+43.4%	188,068	+33.8%	0.74%	+35.2%
ONB	Buy	Old National Bancorp	$6,027,000	+7.4%	329,365	+1.3%	0.73%	+1.4%
CMI	Sell	Cummins Inc	$5,954,000	+3.5%	35,436	-0.1%	0.72%	-2.3%
BHE	Buy	Benchmark Electronics	$5,834,000	+6.2%	170,847	+0.5%	0.70%	+0.3%
MET	Sell	Metlife	$5,676,000	-6.5%	109,256	-1.1%	0.69%	-11.7%
WFC	Buy	Wells Fargo & Co.	$5,661,000	+0.1%	102,646	+0.6%	0.68%	-5.5%
EPOL	Buy	iShares MSCI Poland Capped Investable Market Index Fundetf	$5,657,000	+37.9%	213,309	+26.2%	0.68%	+30.1%
GILD	Buy	Gilead Sciences	$5,570,000	+16.4%	68,747	+1.7%	0.67%	+9.8%
HYEM	Sell	Market Vectors Emerging Markets High Yield Bond ETFetf	$5,536,000	-0.1%	223,052	-1.3%	0.67%	-5.6%
IBM	Buy	Int'l Business Machines	$5,491,000	-4.3%	37,848	+1.5%	0.66%	-9.7%
BBT	Buy	BB&T Corporation	$5,484,000	+4.8%	116,830	+1.4%	0.66%	-1.2%
AXS	Buy	Axis Capital	$5,409,000	-10.8%	94,378	+0.6%	0.65%	-15.9%
ZBH	Buy	Zimmer Biomet	$5,399,000	-5.4%	46,108	+3.8%	0.65%	-10.7%
BSV	Buy	Vanguard Short-Term Bond ETFetf	$5,392,000	+32.7%	67,546	+32.8%	0.65%	+25.2%
AEO	Sell	American Eagle Outfitters	$5,353,000	+11.1%	374,326	-6.4%	0.65%	+4.9%
BIIB	Buy	Biogen Idec	$5,346,000	+15.5%	17,073	+0.1%	0.65%	+9.1%
TSN	Buy	Tyson Foods	$5,334,000	+15.4%	75,719	+2.6%	0.64%	+8.8%
XOM	Buy	Exxon Mobil	$5,256,000	+3.4%	64,112	+1.9%	0.64%	-2.3%
ECH	Sell	iShares MSCI Chile Capped ETFetf	$5,251,000	+10.2%	108,006	-5.5%	0.63%	+3.9%
INDA	Buy	iShares MSCI India Index Fundetf	$5,221,000	+22.5%	158,948	+19.7%	0.63%	+15.8%
NOV	Buy	National Oilwell	$5,168,000	+13.1%	144,634	+4.3%	0.62%	+6.7%
DAL	Buy	Delta Air Lines	$5,101,000	-6.7%	105,788	+3.9%	0.62%	-12.0%
ENZL	Sell	iShares MSCI New Zealand Indexetf	$4,972,000	-1.2%	105,517	-3.0%	0.60%	-6.7%
EWI	Buy	iShares MSCI Italy Capped Indexetf	$4,908,000	+93.6%	156,490	+71.6%	0.59%	+82.5%
NKE	Buy	Nike Inc.	$4,873,000	-11.3%	93,982	+0.9%	0.59%	-16.2%
SNY	Buy	Sanofi	$4,820,000	+4.8%	96,816	+0.9%	0.58%	-1.2%
TPC	Buy	Tutor Perini Corp	$4,800,000	-1.1%	169,011	+0.1%	0.58%	-6.6%
EWX	Sell	SPDR S&P Emerging Markets Small Capetf	$4,798,000	+2.9%	96,838	-3.1%	0.58%	-2.8%
MRVL	Buy	Marvell Tech	$4,783,000	+22.9%	267,181	+13.4%	0.58%	+16.1%
XLK	Sell	Technology Select Sector SPDRetf	$4,768,000	-31.2%	80,684	-36.3%	0.58%	-35.1%
XLU	Sell	Utilities Select Sector SPDRetf	$4,742,000	-23.4%	89,396	-25.0%	0.57%	-27.7%
SHPG	Buy	Shire Pharmaceuticals	$4,711,000	-4.6%	30,761	+3.0%	0.57%	-10.0%
QCOM	Buy	Qualcomm	$4,707,000	+3.9%	90,798	+10.7%	0.57%	-1.9%
GS	Buy	Goldman Sachs Group	$4,636,000	+9.8%	19,547	+2.8%	0.56%	+3.7%
GXG	Buy	Global X FTSE Colombia 20 ETFetf	$4,636,000	+7.1%	448,377	+0.2%	0.56%	+1.1%
EPU	Sell	iShares MSCI All Peru Capped Index Fundetf	$4,581,000	+9.4%	118,104	-4.5%	0.55%	+3.2%
XLE	Buy	Energy Select Sector SPDRetf	$4,397,000	+406.6%	64,213	+380.2%	0.53%	+378.4%
LOW	New	Lowe's Companies	$4,379,000	–	54,782	–	0.53%	–
KSS	Sell	Kohl's	$4,357,000	+16.2%	95,433	-1.5%	0.53%	+9.6%
TGT	Sell	Target	$4,155,000	+9.1%	70,417	-3.4%	0.50%	+2.9%
CVS	Buy	CVS Health	$4,028,000	+2.6%	49,528	+1.5%	0.49%	-3.2%
NTTYY	Buy	Nippon Telegraph and Telephone	$3,947,000	-1.3%	86,326	+1.8%	0.48%	-6.8%
CM	Buy	Canadian Imperial Bank of Commerce (CIBC)	$3,936,000	+8.1%	44,975	+0.2%	0.48%	+1.9%
RSX	Buy	Market Vectors Russia ETFetf	$3,794,000	+107.9%	170,217	+78.8%	0.46%	+95.7%
REG	Buy	Regency Centers	$3,767,000	+0.1%	60,722	+1.1%	0.46%	-5.6%
TRN	Buy	Trinity Industries	$3,704,000	+17.1%	116,108	+2.9%	0.45%	+10.4%
EWA	Buy	iShares MSCI Australia Indexetf	$3,681,000	+36.0%	164,055	+31.4%	0.44%	+28.2%
XLY	Sell	Consumer Discret Select Sector SPDRetf	$3,530,000	-49.3%	39,188	-49.5%	0.43%	-52.2%
TTE	Buy	Total SA	$3,526,000	+9.3%	65,885	+1.3%	0.43%	+3.1%
VZ	Buy	Verizon Communications	$3,473,000	+15.8%	70,185	+4.6%	0.42%	+9.4%
MCK	Buy	McKesson	$3,455,000	-0.2%	22,495	+6.9%	0.42%	-5.9%
JBL	Sell	Jabil Inc.	$3,380,000	-3.2%	118,390	-1.0%	0.41%	-8.7%
HAL	Sell	Halliburton Co.	$3,365,000	+6.1%	73,109	-1.5%	0.41%	0.0%
EWL	Sell	iShares MSCI Switzerland Indexetf	$3,329,000	-1.1%	95,027	-3.1%	0.40%	-6.7%
MOS	Sell	Mosaic	$3,286,000	-11.1%	152,196	-6.0%	0.40%	-16.1%
EWQ	Buy	iShares MSCI France Index Fundetf	$3,278,000	+94.0%	106,089	+80.5%	0.40%	+83.3%
EWP	Buy	iShares MSCI Spain Capped Indexetf	$3,198,000	+12.6%	94,794	+9.7%	0.39%	+6.3%
HYS	Buy	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$3,180,000	+99.7%	31,320	+99.5%	0.38%	+88.2%
FLR	Sell	Fluor	$3,176,000	-17.1%	75,449	-9.8%	0.38%	-21.6%
SFL	Buy	Ship Finance Int'l	$3,172,000	+18.5%	218,729	+11.1%	0.38%	+11.7%
EMB	Sell	iShares JPMorgan USD Emerging Markets Bondetf	$3,038,000	-12.8%	26,092	-14.3%	0.37%	-17.7%
PFE	Buy	Pfizer	$3,021,000	+8.8%	84,630	+2.4%	0.36%	+2.8%
BKR	New	Baker Hughes a GE Company	$2,967,000	–	81,033	–	0.36%	–
MRK	Buy	Merck & Co.	$2,870,000	+21.8%	44,822	+21.9%	0.35%	+14.9%
GOLD	Buy	Barrick Gold	$2,828,000	+2.7%	175,778	+1.6%	0.34%	-2.8%
OII	Sell	Oceaneering Int'l	$2,812,000	+13.6%	107,024	-1.3%	0.34%	+7.3%
NEM	Buy	Newmont Mining Corp Holding Co.	$2,791,000	+20.2%	74,395	+3.8%	0.34%	+13.5%
RDSA	Buy	Royal Dutch Shell A	$2,772,000	+16.8%	45,762	+2.5%	0.34%	+10.2%
BA	Sell	Boeing Co	$2,547,000	+5.1%	10,021	-18.2%	0.31%	-0.6%
KEY	Buy	Keycorp	$2,503,000	+2.5%	132,998	+2.1%	0.30%	-3.5%
TNP	Buy	Tsakos Energy	$2,475,000	-4.5%	551,238	+2.1%	0.30%	-9.9%
HSBC	Sell	HSBC Holdings PLC	$2,451,000	-0.2%	49,601	-6.3%	0.30%	-5.7%
TLT	Buy	iShares Barclays 20 plus Year Treasury Bondetf	$2,403,000	+6.8%	19,261	+7.1%	0.29%	+0.7%
KIM	Buy	Kimco Realty Corp	$2,401,000	+34.7%	122,796	+26.4%	0.29%	+27.2%
AVX	Sell	AVX Corp	$2,383,000	+0.5%	130,727	-9.9%	0.29%	-5.0%
TRV	Buy	The Travelers Companies	$2,362,000	-1.2%	19,280	+2.0%	0.28%	-6.9%
DSW	Buy	DSW Inc	$2,337,000	+22.0%	108,776	+0.5%	0.28%	+15.1%
ARII	Sell	American Railcar	$2,328,000	-5.1%	60,320	-5.8%	0.28%	-10.5%
T	Buy	AT&T Inc	$2,299,000	+4.4%	58,697	+0.6%	0.28%	-1.4%
ANH	Sell	Anworth Mortgage Asset Corp	$2,131,000	-0.2%	354,631	-0.2%	0.26%	-5.9%
WSM	Buy	Williams Sonoma	$2,044,000	+46.3%	41,002	+42.3%	0.25%	+38.0%
AZSEY	Buy	Allianz SE	$2,009,000	+14.8%	89,723	+1.4%	0.24%	+8.5%
AGU	Buy	Agrium	$2,004,000	+23.2%	18,690	+3.9%	0.24%	+16.3%
DOC	Buy	Physicians Realty Trust	$1,998,000	+516.7%	112,716	+599.7%	0.24%	+487.8%
EWO	Buy	iShares MSCI Austria Indexetf	$1,989,000	+60.4%	84,941	+45.5%	0.24%	+50.9%
AUY	Sell	Yamana Gold	$1,923,000	+8.8%	725,845	-0.2%	0.23%	+2.7%
MUB	Buy	iShares National Muni Bond ETFetf	$1,882,000	+35.0%	16,970	+34.0%	0.23%	+27.5%
IEF	Sell	iShares Barclays 7-10 Year Treasuryetf	$1,863,000	-50.8%	17,493	-50.7%	0.22%	-53.5%
XLB	Buy	Materials Select Sector SPDRetf	$1,834,000	+85.8%	32,289	+76.0%	0.22%	+76.2%
SIEGY	Buy	Siemens AG	$1,761,000	+649.4%	24,886	+631.9%	0.21%	+610.0%
EWN	Sell	iShares MSCI Netherlands Invesetf	$1,752,000	+6.3%	55,803	-2.0%	0.21%	+0.5%
KMB	Buy	Kimberly Clark	$1,660,000	-7.8%	14,106	+1.2%	0.20%	-12.6%
SYF	Buy	Synchrony Financial	$1,656,000	+12.6%	53,339	+8.2%	0.20%	+6.4%
MDT	Buy	Medtronic PLC	$1,643,000	-6.2%	21,123	+7.1%	0.20%	-11.6%
EWH	Sell	iShares MSCI Hong Kong Indexetf	$1,595,000	-47.3%	64,601	-50.0%	0.19%	-50.1%
HMC	Sell	Honda Motor	$1,488,000	-3.6%	50,331	-10.7%	0.18%	-9.1%
XLRE	Sell	Real Estate Select SPDRetf	$1,464,000	-61.6%	45,412	-61.6%	0.18%	-63.7%
CCL	Buy	Carnival Corp	$1,464,000	+4.6%	22,680	+6.2%	0.18%	-1.1%
VCIT	Sell	Vanguard Interm-Tm Corp Bond Index ETFetf	$1,469,000	-8.2%	16,695	-8.7%	0.18%	-13.7%
CAH	Sell	Cardinal Health	$1,438,000	-17.2%	21,487	-3.6%	0.17%	-21.6%
DPSGY	Buy	Deutsche Post	$1,417,000	+21.0%	31,716	+1.9%	0.17%	+14.0%
KR	Buy	Kroger	$1,289,000	+45.6%	64,241	+69.3%	0.16%	+38.1%
IWN	New	iShares Russell 2000 Value Indexetf	$1,281,000	–	10,321	–	0.16%	–
ALL	Sell	Allstate	$1,278,000	-43.3%	13,905	-45.4%	0.15%	-46.7%
SLB	Buy	Schlumberger	$1,255,000	+26.0%	17,991	+19.0%	0.15%	+19.7%
BND	Sell	Vanguard Total Bond Market ETFetf	$1,257,000	-6.5%	15,338	-6.6%	0.15%	-11.6%
FL	Buy	Foot Locker	$1,199,000	+24.0%	34,033	+73.4%	0.14%	+16.9%
SMH	New	VanEck Vectors Semiconductor ETFetf	$1,142,000	–	12,241	–	0.14%	–
WBA	Buy	Walgreens Boots Alliance	$1,111,000	+16.0%	14,393	+17.6%	0.13%	+8.9%
ALK	Buy	Alaska Air Group	$1,042,000	-3.9%	13,661	+13.1%	0.13%	-9.4%
MINT	Sell	PIMCO Enhanced Short Maturity Active ETFetf	$979,000	-33.2%	9,616	-33.3%	0.12%	-37.2%
RYN	Sell	Rayonier	$911,000	-1.7%	31,528	-2.1%	0.11%	-7.6%
NTAP	Buy	Netapp Inc	$832,000	+161.6%	19,009	+139.2%	0.10%	+146.3%
MBB	Sell	iShares Barclays MBS Bond ETFetf	$808,000	-50.5%	7,543	-50.7%	0.10%	-53.1%
VMBS	Sell	Vanguard Mortgage-Backed Securities ETFetf	$773,000	-0.4%	14,646	-0.6%	0.09%	-6.1%
PDBC	Sell	PowerShares DB Optimum Yield Commodityetf	$740,000	+5.4%	43,945	-1.2%	0.09%	-1.1%
SPXL	Sell	Direxion Daily S&P500 Bull 3X Sharesetf	$709,000	+11.8%	18,535	-0.1%	0.09%	+6.2%
BHP	Buy	BHP Billiton	$704,000	+14.3%	17,364	+0.4%	0.08%	+7.6%
DZK	Sell	Direxion Daily Dev Mkts Bull 3X Shrsetf	$678,000	+14.1%	8,945	-0.1%	0.08%	+7.9%
EWK	Sell	iShares MSCI Belgium Capped Indexetf	$642,000	+5.9%	30,329	-1.9%	0.08%	0.0%
BHF	New	Brighthouse Financial	$561,000	–	9,219	–	0.07%	–
TNA	Sell	Direxion Daily Small Cap Bull 3X Sharesetf	$463,000	+16.3%	7,129	-0.0%	0.06%	+9.8%
JNPR	New	Juniper Networks	$434,000	–	15,604	–	0.05%	–
AMZN	Sell	Amazon.com	$410,000	-12.0%	427	-11.2%	0.05%	-16.7%
GOOGL	Buy	Alphabet Inc Class A	$382,000	+12.0%	392	+6.8%	0.05%	+4.5%
GOOG	Sell	Alphabet Inc Class C	$371,000	+4.5%	387	-1.0%	0.04%	0.0%
FM	Buy	iShares MSCI Frontier 100etf	$368,000	+15.0%	11,744	+4.7%	0.04%	+7.3%
EPHE	Sell	iShares MSCI Philippines Indexetf	$317,000	+2.9%	8,572	-0.2%	0.04%	-2.6%
HD	Sell	Home Depot	$294,000	-4.2%	1,800	-10.0%	0.04%	-7.7%
EDC	Sell	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$292,000	+23.2%	2,766	-0.2%	0.04%	+16.7%
CRWS	Exit	Crown Crafts	$0	–	-10,087	–	-0.01%	–
UTX	Exit	United Technologies	$0	–	-1,700	–	-0.03%	–
VCSH	Exit	Vanguard Short-Term Corp Bond Index ETFetf	$0	–	-5,277	–	-0.05%	–
GE	Exit	General Electric Co.	$0	–	-62,795	–	-0.22%	–
ERIC	Exit	Ericsson	$0	–	-255,542	–	-0.24%	–
SPLS	Exit	Staples	$0	–	-193,907	–	-0.25%	–
ETR	Exit	Entergy	$0	–	-52,193	–	-0.51%	–
BHI	Exit	Baker Hughes	$0	–	-83,703	–	-0.58%	–
COH	Exit	Coach	$0	–	-174,458	–	-1.06%	–

Q2 2017

			Value		Shares		↓ Weighting
AAPL	New	Apple Computer	$12,493,000	–	86,743	–	1.60%	–
AET	New	Aetna	$12,443,000	–	81,952	–	1.59%	–
MSFT	New	Microsoft	$11,961,000	–	173,524	–	1.53%	–
MAN	New	Manpower Inc	$11,544,000	–	103,395	–	1.48%	–
DIS	New	Walt Disney	$11,392,000	–	107,221	–	1.46%	–
GLW	New	Corning	$11,183,000	–	372,136	–	1.43%	–
JPM	New	JP Morgan Chase	$10,833,000	–	118,523	–	1.39%	–
AMGN	New	Amgen Inc	$9,831,000	–	57,078	–	1.26%	–
CSCO	New	Cisco Systems	$9,658,000	–	308,556	–	1.24%	–
CE	New	Celanese Corp	$9,594,000	–	101,058	–	1.23%	–
CMCSA	New	Comcast Corp CL A	$9,513,000	–	244,413	–	1.22%	–
PRU	New	Prudential	$9,454,000	–	87,423	–	1.21%	–
MDC	New	MDC Holdings	$9,341,000	–	264,390	–	1.20%	–
RCL	New	Royal Caribbean Cruises	$9,194,000	–	84,172	–	1.18%	–
EWJ	New	iShares MSCI Japan Indexetf	$9,180,000	–	171,116	–	1.18%	–
JNJ	New	Johnson & Johnson	$8,705,000	–	65,803	–	1.11%	–
NSC	New	Norfolk Southern	$8,617,000	–	70,806	–	1.10%	–
ETN	New	Eaton Corp PLC	$8,594,000	–	110,415	–	1.10%	–
INTC	New	Intel	$8,547,000	–	253,321	–	1.09%	–
XLV	New	Health Care Select Sector SPDRetf	$8,386,000	–	105,831	–	1.07%	–
STX	New	Seagate Technology	$8,316,000	–	214,604	–	1.06%	–
COH	New	Coach	$8,259,000	–	174,458	–	1.06%	–
EWZ	New	iShares MSCI Brazil Capped Index Fundetf	$7,865,000	–	230,382	–	1.01%	–
DE	New	Deere & Co.	$7,736,000	–	62,592	–	0.99%	–
ORCL	New	Oracle	$7,535,000	–	150,285	–	0.96%	–
XLF	New	Financials Select Sector SPDRetf	$7,438,000	–	301,516	–	0.95%	–
ADM	New	Archer-Daniels-Midland	$7,134,000	–	172,409	–	0.91%	–
GT	New	Goodyear Tire	$7,023,000	–	200,900	–	0.90%	–
XLY	New	Consumer Discret Select Sector SPDRetf	$6,962,000	–	77,671	–	0.89%	–
XLK	New	Technology Select Sector SPDRetf	$6,932,000	–	126,672	–	0.89%	–
PNC	New	PNC Financial	$6,874,000	–	55,050	–	0.88%	–
SYMC	New	Symantec	$6,775,000	–	239,826	–	0.87%	–
CA	New	CA Inc	$6,754,000	–	195,944	–	0.86%	–
WHR	New	Whirpool	$6,704,000	–	34,987	–	0.86%	–
ING	New	ING Groep NV	$6,655,000	–	382,700	–	0.85%	–
FDX	New	FedEx Corp	$6,593,000	–	30,336	–	0.84%	–
BAC	New	Bank of America	$6,545,000	–	269,771	–	0.84%	–
CAT	New	Caterpillar	$6,549,000	–	60,945	–	0.84%	–
EWU	New	iShares MSCI United Kingdom Indexetf	$6,540,000	–	196,224	–	0.84%	–
ABT	New	Abbott Laboratories	$6,489,000	–	133,497	–	0.83%	–
COF	New	Capital One Financial	$6,263,000	–	75,803	–	0.80%	–
BK	New	Bank of NY Mellon Corp	$6,257,000	–	122,645	–	0.80%	–
XLU	New	Utilities Select Sector SPDRetf	$6,191,000	–	119,150	–	0.79%	–
MET	New	Metlife	$6,072,000	–	110,516	–	0.78%	–
AXS	New	Axis Capital	$6,063,000	–	93,773	–	0.78%	–
DLR	New	Digital Realty Trust	$6,052,000	–	53,583	–	0.78%	–
WMT	New	Wal-Mart Stores	$6,025,000	–	79,612	–	0.77%	–
EZA	New	iShares MSCI South Africa Indexetf	$5,948,000	–	104,868	–	0.76%	–
FITB	New	Fifth Third Bancorp	$5,781,000	–	222,679	–	0.74%	–
CMI	New	Cummins Inc	$5,752,000	–	35,460	–	0.74%	–
IBM	New	Int'l Business Machines	$5,735,000	–	37,282	–	0.73%	–
ZBH	New	Zimmer Biomet	$5,705,000	–	44,429	–	0.73%	–
LQD	New	iShares iBoxx Invest Grade Corp Bondetf	$5,694,000	–	47,246	–	0.73%	–
GM	New	General Motors	$5,687,000	–	162,804	–	0.73%	–
EIDO	New	iShares MSCI Indonesia Indexetf	$5,666,000	–	208,214	–	0.72%	–
WFC	New	Wells Fargo & Co.	$5,656,000	–	102,078	–	0.72%	–
THD	New	iShares MSCI Thailand Capped ETFetf	$5,612,000	–	71,988	–	0.72%	–
ONB	New	Old National Bancorp	$5,610,000	–	325,239	–	0.72%	–
HYEM	New	Vaneck Vectors Emerging Markets High Yield Bond ETFetf	$5,542,000	–	226,102	–	0.71%	–
BHE	New	Benchmark Electronics	$5,492,000	–	170,026	–	0.70%	–
NKE	New	Nike Inc.	$5,493,000	–	93,109	–	0.70%	–
DAL	New	Delta Air Lines	$5,470,000	–	101,787	–	0.70%	–
EWY	New	iShares MSCI South Korea Indexetf	$5,444,000	–	80,290	–	0.70%	–
HFC	New	HollyFrontier Corp	$5,291,000	–	192,604	–	0.68%	–
EWT	New	iShares MSCI Taiwan Indexetf	$5,250,000	–	146,820	–	0.67%	–
BBT	New	BB&T Corporation	$5,234,000	–	115,268	–	0.67%	–
XOM	New	Exxon Mobil	$5,081,000	–	62,934	–	0.65%	–
ENZL	New	iShares MSCI New Zealand Indexetf	$5,033,000	–	108,797	–	0.64%	–
XLP	New	Consumer Staples Select Sector SPDRetf	$4,940,000	–	89,910	–	0.63%	–
SHPG	New	Shire Pharmaceuticals	$4,938,000	–	29,879	–	0.63%	–
TPC	New	Tutor Perini Corp	$4,854,000	–	168,832	–	0.62%	–
AEO	New	American Eagle Outfitters	$4,818,000	–	399,804	–	0.62%	–
GILD	New	Gilead Sciences	$4,785,000	–	67,601	–	0.61%	–
ECH	New	iShares MSCI Chile Capped ETFetf	$4,764,000	–	114,325	–	0.61%	–
EWX	New	SPDR S&P Emerging Markets Small Cap ETFetf	$4,663,000	–	99,915	–	0.60%	–
TSN	New	Tyson Foods	$4,624,000	–	73,835	–	0.59%	–
BIIB	New	Biogen Idec	$4,628,000	–	17,055	–	0.59%	–
SNY	New	Sanofi	$4,598,000	–	95,974	–	0.59%	–
NOV	New	National Oilwell	$4,569,000	–	138,715	–	0.58%	–
BHI	New	Baker Hughes	$4,563,000	–	83,703	–	0.58%	–
QCOM	New	Qualcomm	$4,530,000	–	82,044	–	0.58%	–
GXG	New	Global X FTSE Colombia 20 ETFetf	$4,327,000	–	447,447	–	0.55%	–
INDA	New	iShares MSCI India Index Fundetf	$4,261,000	–	132,734	–	0.54%	–
EWG	New	iShares MSCI Germany Index Fundetf	$4,254,000	–	140,529	–	0.54%	–
GS	New	Goldman Sachs Group	$4,221,000	–	19,021	–	0.54%	–
EPU	New	iShares MSCI All Peru Capped Index Fundetf	$4,189,000	–	123,679	–	0.54%	–
EPOL	New	iShares MSCI Poland Investable ETFetf	$4,103,000	–	168,979	–	0.52%	–
BSV	New	Vanguard Short-Term Bond ETFetf	$4,062,000	–	50,867	–	0.52%	–
ETR	New	Entergy	$4,007,000	–	52,193	–	0.51%	–
NTTYY	New	Nippon Telegraph and Telephone	$3,997,000	–	84,824	–	0.51%	–
CVS	New	CVS Health	$3,926,000	–	48,797	–	0.50%	–
MRVL	New	Marvell Tech	$3,892,000	–	235,577	–	0.50%	–
FLR	New	Fluor	$3,829,000	–	83,630	–	0.49%	–
XLRE	New	Real Estate Select SPDRetf	$3,810,000	–	118,317	–	0.49%	–
TGT	New	Target	$3,810,000	–	72,863	–	0.49%	–
IEF	New	iShares Barclays 7-10 Year Treasuryetf	$3,784,000	–	35,496	–	0.48%	–
REG	New	Regency Centers	$3,764,000	–	60,086	–	0.48%	–
KSS	New	Kohl's	$3,748,000	–	96,910	–	0.48%	–
MOS	New	Mosaic	$3,696,000	–	161,882	–	0.47%	–
CM	New	Canadian Imperial Bank of Commerce (CIBC)	$3,641,000	–	44,866	–	0.47%	–
JBL	New	Jabil Inc.	$3,490,000	–	119,566	–	0.45%	–
EMB	New	iShares JPMorgan USD Emerg Markets Bondetf	$3,483,000	–	30,460	–	0.45%	–
MCK	New	McKesson	$3,463,000	–	21,044	–	0.44%	–
EWL	New	iShares MSCI Switzerland Indexetf	$3,366,000	–	98,105	–	0.43%	–
TTE	New	Total SA	$3,226,000	–	65,058	–	0.41%	–
HAL	New	Halliburton Co.	$3,171,000	–	74,240	–	0.41%	–
TRN	New	Trinity Industries	$3,163,000	–	112,847	–	0.40%	–
EWH	New	iShares MSCI Hong Kong Indexetf	$3,025,000	–	129,127	–	0.39%	–
VZ	New	Verizon Communications	$2,998,000	–	67,121	–	0.38%	–
EWP	New	iShares MSCI Spain Capped Indexetf	$2,839,000	–	86,441	–	0.36%	–
PFE	New	Pfizer	$2,776,000	–	82,641	–	0.36%	–
GOLD	New	Barrick Gold	$2,753,000	–	173,031	–	0.35%	–
EWA	New	iShares MSCI Australia Indexetf	$2,707,000	–	124,855	–	0.35%	–
SFL	New	Ship Finance Int'l	$2,677,000	–	196,850	–	0.34%	–
TNP	New	Tsakos Energy	$2,592,000	–	540,084	–	0.33%	–
EWI	New	iShares MSCI Italy Capped Indeetf	$2,535,000	–	91,184	–	0.32%	–
OII	New	Oceaneering Int'l	$2,476,000	–	108,403	–	0.32%	–
HSBC	New	HSBC Holdings PLC	$2,456,000	–	52,942	–	0.31%	–
ARII	New	American Railcar	$2,454,000	–	64,066	–	0.31%	–
KEY	New	Keycorp	$2,442,000	–	130,326	–	0.31%	–
BA	New	Boeing Co	$2,423,000	–	12,250	–	0.31%	–
TRV	New	The Travelers Companies	$2,391,000	–	18,897	–	0.31%	–
RDSA	New	Royal Dutch Shell A	$2,374,000	–	44,630	–	0.30%	–
AVX	New	AVX Corp	$2,370,000	–	145,021	–	0.30%	–
MRK	New	Merck & Co.	$2,356,000	–	36,755	–	0.30%	–
NEM	New	Newmont Mining Corp Holding Co.	$2,322,000	–	71,692	–	0.30%	–
ALL	New	Allstate	$2,254,000	–	25,484	–	0.29%	–
TLT	New	iShares Barclays 20 Plus Year Treas Bondetf	$2,251,000	–	17,992	–	0.29%	–
T	New	AT&T Inc	$2,202,000	–	58,351	–	0.28%	–
ANH	New	Anworth Mortgage Asset Corp	$2,136,000	–	355,355	–	0.27%	–
XLI	New	Industrial Select Sector SPDRetf	$2,113,000	–	31,018	–	0.27%	–
SPLS	New	Staples	$1,953,000	–	193,907	–	0.25%	–
DSW	New	DSW Inc	$1,916,000	–	108,249	–	0.24%	–
ERIC	New	Ericsson	$1,832,000	–	255,542	–	0.24%	–
RSX	New	Vaneck Vectors Russia ETFetf	$1,825,000	–	95,194	–	0.23%	–
KMB	New	Kimberly Clark	$1,800,000	–	13,938	–	0.23%	–
KIM	New	Kimco Realty Corp	$1,783,000	–	97,169	–	0.23%	–
AUY	New	Yamana Gold	$1,768,000	–	727,371	–	0.23%	–
AZSEY	New	Allianz SE	$1,750,000	–	88,507	–	0.22%	–
MDT	New	Medtronic PLC	$1,751,000	–	19,727	–	0.22%	–
CAH	New	Cardinal Health	$1,737,000	–	22,297	–	0.22%	–
GE	New	General Electric Co.	$1,696,000	–	62,795	–	0.22%	–
EWQ	New	iShares MSCI France Index Fundetf	$1,690,000	–	58,764	–	0.22%	–
EWN	New	iShares MSCI Netherlands Invesetf	$1,648,000	–	56,950	–	0.21%	–
MBB	New	iShares Barclays MBS Bond ETFetf	$1,633,000	–	15,296	–	0.21%	–
AGU	New	Agrium	$1,627,000	–	17,981	–	0.21%	–
VCIT	New	Vanguard Interm-Tm Corp Bond Index ETFetf	$1,600,000	–	18,276	–	0.20%	–
HYS	New	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$1,592,000	–	15,703	–	0.20%	–
HMC	New	Honda Motor	$1,544,000	–	56,366	–	0.20%	–
MINT	New	PIMCO Enhanced Short Maturity ETFetf	$1,466,000	–	14,414	–	0.19%	–
SYF	New	Synchrony Financial	$1,471,000	–	49,313	–	0.19%	–
WSM	New	Williams Sonoma	$1,397,000	–	28,804	–	0.18%	–
CCL	New	Carnival Corp	$1,400,000	–	21,346	–	0.18%	–
MUB	New	iShares National Muni Bondetf	$1,394,000	–	12,660	–	0.18%	–
BND	New	Vanguard Total Bond Market ETFetf	$1,344,000	–	16,419	–	0.17%	–
EWO	New	iShares MSCI Austria Indexetf	$1,240,000	–	58,379	–	0.16%	–
DPSGY	New	Deutsche Post	$1,171,000	–	31,137	–	0.15%	–
ALK	New	Alaska Air Group	$1,084,000	–	12,076	–	0.14%	–
SLB	New	Schlumberger	$996,000	–	15,121	–	0.13%	–
XLB	New	Materials Select Sector SPDRetf	$987,000	–	18,343	–	0.13%	–
FL	New	Foot Locker	$967,000	–	19,624	–	0.12%	–
WBA	New	Walgreens Boots Alliance	$958,000	–	12,237	–	0.12%	–
RYN	New	Rayonier	$927,000	–	32,216	–	0.12%	–
KR	New	Kroger	$885,000	–	37,949	–	0.11%	–
XLE	New	Energy Select Sector SPDRetf	$868,000	–	13,371	–	0.11%	–
VMBS	New	Vanguard Mortgage-Backed Securities ETFetf	$776,000	–	14,728	–	0.10%	–
PDBC	New	Powershares DB Optimum Yieldetf	$702,000	–	44,458	–	0.09%	–
BIL	New	SPDR Bloomberg Barclays 1 to 3 Month Billetf	$670,000	–	14,645	–	0.09%	–
SPXL	New	Direxion Daily S&P500 Bull 3X Sharesetf	$634,000	–	18,562	–	0.08%	–
BHP	New	BHP Billiton	$616,000	–	17,302	–	0.08%	–
EWK	New	iShares MSCI Belgium Capped Indexetf	$606,000	–	30,928	–	0.08%	–
DZK	New	Direxion Daily Dev Mkts Bull 3X Shrsetf	$594,000	–	8,956	–	0.08%	–
AMZN	New	Amazon.com	$466,000	–	481	–	0.06%	–
VCSH	New	Vanguard Short-Term Corp Bond Index ETFetf	$422,000	–	5,277	–	0.05%	–
TNA	New	Direxion Daily Small Cap Bull 3X Sharesetf	$398,000	–	7,132	–	0.05%	–
DIOD	New	Diodes	$371,000	–	15,431	–	0.05%	–
GOOG	New	Alphabet Inc Class C	$355,000	–	391	–	0.04%	–
PSCD	New	Powershares S&P 500 Consumer Discretionaryetf	$341,000	–	6,253	–	0.04%	–
GOOGL	New	Alphabet Inc Class A	$341,000	–	367	–	0.04%	–
BRKB	New	Berkshire Hathaway CL B	$339,000	–	1,999	–	0.04%	–
DOC	New	Physicians Realty Trust	$324,000	–	16,109	–	0.04%	–
FM	New	iShares MSCI Frontier 100etf	$320,000	–	11,214	–	0.04%	–
NTAP	New	Netapp Inc	$318,000	–	7,946	–	0.04%	–
EPHE	New	iShares MSCI Philippines Indexetf	$308,000	–	8,590	–	0.04%	–
HD	New	Home Depot	$307,000	–	2,000	–	0.04%	–
SIEGY	New	Siemens AG	$235,000	–	3,400	–	0.03%	–
EDC	New	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$237,000	–	2,772	–	0.03%	–
PG	New	Proctor & Gamble	$213,000	–	2,445	–	0.03%	–
UTX	New	United Technologies	$208,000	–	1,700	–	0.03%	–
MIDU	New	Direxion Daily Mid Cap Bull 3X Sharesetf	$207,000	–	5,562	–	0.03%	–
CRWS	New	Crown Crafts	$70,000	–	10,087	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
TNA	Exit	Direxion Daily Small Cap Bull 3X Sharesetf	$0	–	-2,627	–	-0.03%	–
DIOD	Exit	Diodes	$0	–	-16,768	–	-0.06%	–
SPXL	Exit	Direxion Daily S&P500 Bull 3X Sharesetf	$0	–	-3,703	–	-0.06%	–
DZK	Exit	Direxion Daily Dev Mkts Bull 3X Shrsetf	$0	–	-8,679	–	-0.07%	–
BKLN	Exit	Powershares Senior Loan Portfolioetf	$0	–	-20,147	–	-0.08%	–
XLB	Exit	Materials Select Sector SPDRetf	$0	–	-11,917	–	-0.09%	–
PDBC	Exit	Powershares DB Optimum Yieldetf	$0	–	-33,725	–	-0.09%	–
EMB	Exit	iShares JPMorgan USD Emerg Markets Bondetf	$0	–	-5,113	–	-0.10%	–
VOX	Exit	Vanguard Telecom Services ETFetf	$0	–	-6,362	–	-0.10%	–
SSINQ	Exit	Stage Stores	$0	–	-108,830	–	-0.10%	–
VCSH	Exit	Vanguard Short-Term Corp Bond Index ETFetf	$0	–	-7,631	–	-0.10%	–
NM	Exit	Navios Maritime Holdings Inc	$0	–	-531,549	–	-0.10%	–
SYF	Exit	Synchrony Financial	$0	–	-24,466	–	-0.11%	–
BHP	Exit	BHP Billiton	$0	–	-21,849	–	-0.12%	–
ESV	Exit	Ensco PLC	$0	–	-90,662	–	-0.12%	–
ALK	Exit	Alaska Air Group	$0	–	-11,898	–	-0.12%	–
RYN	Exit	Rayonier	$0	–	-31,225	–	-0.13%	–
E	Exit	ENI SPA ADR	$0	–	-29,109	–	-0.13%	–
AZSEY	Exit	Allianz SE	$0	–	-58,130	–	-0.14%	–
MUB	Exit	iShares National Muni Bondetf	$0	–	-7,647	–	-0.14%	–
EPHE	Exit	iShares MSCI Philippines Indexetf	$0	–	-25,203	–	-0.15%	–
CS	Exit	Credit Suisse Group	$0	–	-72,139	–	-0.15%	–
BRSWQ	Exit	Bristow Group Inc	$0	–	-67,944	–	-0.15%	–
XLRE	Exit	Real Estate Select SPDRetf	$0	–	-29,090	–	-0.15%	–
IEI	Exit	iShares Barclays 3-7 Year Treasury Bond ETFetf	$0	–	-7,513	–	-0.15%	–
BSV	Exit	Vanguard Short-Term Bond ETFetf	$0	–	-12,210	–	-0.16%	–
XLP	Exit	Consumer Staples Select Sector SPDRetf	$0	–	-19,198	–	-0.16%	–
CSX	Exit	CSX	$0	–	-34,764	–	-0.17%	–
UVV	Exit	Universal Corp	$0	–	-18,448	–	-0.17%	–
CCL	Exit	Carnival Corp	$0	–	-22,978	–	-0.18%	–
AGZ	Exit	iShares Barclays Agency Bondetf	$0	–	-9,775	–	-0.18%	–
EWI	Exit	iShares MSCI Italy Capped Indeetf	$0	–	-106,527	–	-0.19%	–
CAH	Exit	Cardinal Health	$0	–	-15,490	–	-0.19%	–
FL	Exit	Foot Locker	$0	–	-18,008	–	-0.20%	–
EWP	Exit	iShares MSCI Spain Capped Indexetf	$0	–	-46,572	–	-0.20%	–
EWQ	Exit	iShares MSCI France Index Fundetf	$0	–	-53,644	–	-0.21%	–
BA	Exit	Boeing Co	$0	–	-9,900	–	-0.21%	–
TK	Exit	TeeKay Shipping	$0	–	-172,618	–	-0.21%	–
MDT	Exit	Medtronic PLC	$0	–	-16,032	–	-0.22%	–
TUR	Exit	iShares MSCI Turkey Investable Market Index Fundetf	$0	–	-36,949	–	-0.22%	–
IWN	Exit	iShares Russell 2000 Value Index Fundetf	$0	–	-13,584	–	-0.23%	–
AGU	Exit	Agrium	$0	–	-15,836	–	-0.23%	–
IEF	Exit	iShares Barclays 7-10 Year Treasuryetf	$0	–	-12,803	–	-0.23%	–
EPU	Exit	iShares MSCI All Peru Capped Index Fundetf	$0	–	-43,693	–	-0.23%	–
EWO	Exit	iShares MSCI Austria Indexetf	$0	–	-89,391	–	-0.23%	–
HMC	Exit	Honda Motor	$0	–	-50,731	–	-0.23%	–
HSBC	Exit	HSBC Holdings PLC	$0	–	-39,638	–	-0.24%	–
KEY	Exit	Keycorp	$0	–	-122,760	–	-0.24%	–
TNP	Exit	Tsakos Energy	$0	–	-323,825	–	-0.25%	–
GE	Exit	General Electric Co.	$0	–	-52,899	–	-0.25%	–
MRK	Exit	Merck & Co.	$0	–	-25,560	–	-0.26%	–
ANH	Exit	Anworth Mortgage Asset Corp	$0	–	-344,076	–	-0.27%	–
ALL	Exit	Allstate	$0	–	-24,509	–	-0.27%	–
THD	Exit	iShares MSCI Thailand Capped ETFetf	$0	–	-24,072	–	-0.28%	–
EIRL	Exit	iShares MSCI Ireland Indexetf	$0	–	-47,256	–	-0.29%	–
EWH	Exit	iShares MSCI Hong Kong Indexetf	$0	–	-82,148	–	-0.29%	–
KMB	Exit	Kimberly Clark	$0	–	-14,468	–	-0.29%	–
EWZ	Exit	iShares MSCI Brazil Capped Index Fundetf	$0	–	-54,331	–	-0.29%	–
EWK	Exit	iShares MSCI Belgium Capped Indexetf	$0	–	-99,210	–	-0.30%	–
SPLS	Exit	Staples	$0	–	-222,043	–	-0.30%	–
EIDO	Exit	iShares MSCI Indonesia Indexetf	$0	–	-73,147	–	-0.31%	–
AVX	Exit	AVX Corp	$0	–	-141,237	–	-0.31%	–
PETS	Exit	PetMed Express	$0	–	-100,190	–	-0.32%	–
ENZL	Exit	iShares MSCI New Zealand Indexetf	$0	–	-44,662	–	-0.33%	–
EWX	Exit	SPDR S&P Emerging Markets Small Cap ETFetf	$0	–	-48,692	–	-0.34%	–
DSW	Exit	DSW Inc	$0	–	-102,994	–	-0.34%	–
TRV	Exit	The Travelers Companies	$0	–	-18,666	–	-0.34%	–
RDSA	Exit	Royal Dutch Shell A	$0	–	-43,140	–	-0.34%	–
T	Exit	AT&T Inc	$0	–	-53,765	–	-0.35%	–
RSX	Exit	Vaneck Vectors Russia ETFetf	$0	–	-120,666	–	-0.36%	–
JBL	Exit	Jabil Circuit	$0	–	-106,741	–	-0.37%	–
LQD	Exit	iShares iBoxx Invest Grade Corp Bondetf	$0	–	-19,650	–	-0.39%	–
QCOM	Exit	Qualcomm	$0	–	-35,814	–	-0.39%	–
PFE	Exit	Pfizer	$0	–	-72,763	–	-0.39%	–
NEM	Exit	Newmont Mining Corp Holding Co.	$0	–	-68,131	–	-0.43%	–
MBB	Exit	iShares Barclays MBS Bond ETFetf	$0	–	-24,377	–	-0.43%	–
ARII	Exit	American Railcar	$0	–	-64,836	–	-0.43%	–
SFL	Exit	Ship Finance Int'l	$0	–	-187,579	–	-0.44%	–
ERIC	Exit	Ericsson	$0	–	-390,158	–	-0.45%	–
HYS	Exit	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$0	–	-28,627	–	-0.46%	–
GS	Exit	Goldman Sachs Group	$0	–	-17,839	–	-0.46%	–
MOS	Exit	Mosaic Company New	$0	–	-118,603	–	-0.46%	–
TTE	Exit	Total SA ADR	$0	–	-62,253	–	-0.47%	–
BND	Exit	Vanguard Total Bond Market ETFetf	$0	–	-35,745	–	-0.48%	–
XLE	Exit	Energy Select Sector SPDRetf	$0	–	-42,845	–	-0.48%	–
TRN	Exit	Trinity Industries	$0	–	-127,281	–	-0.49%	–
HAL	Exit	Halliburton Co.	$0	–	-70,443	–	-0.50%	–
GOLD	Exit	Barrick Gold	$0	–	-180,923	–	-0.51%	–
MRVL	Exit	Marvell Tech	$0	–	-243,727	–	-0.52%	–
EWN	Exit	iShares MSCI Netherlands Invesetf	$0	–	-132,068	–	-0.53%	–
CM	Exit	Canadian Imperial Bank of Commerce (CIBC)	$0	–	-44,198	–	-0.55%	–
VMBS	Exit	Vanguard Mortgage-Backed Securities ETFetf	$0	–	-63,707	–	-0.55%	–
HFC	Exit	HollyFrontier Corp	$0	–	-141,235	–	-0.55%	–
XLY	Exit	Consumer Discret Select Sector SPDRetf	$0	–	-43,501	–	-0.56%	–
NTTYY	Exit	Nippon Telegraph and Telephone	$0	–	-76,289	–	-0.56%	–
AUY	Exit	Yamana Gold	$0	–	-825,993	–	-0.57%	–
FLR	Exit	Fluor	$0	–	-70,676	–	-0.58%	–
MCK	Exit	McKesson	$0	–	-22,140	–	-0.59%	–
DAL	Exit	Delta Air Lines	$0	–	-94,794	–	-0.60%	–
SHPG	Exit	Shire Pharmaceuticals	$0	–	-19,504	–	-0.60%	–
ETR	Exit	Entergy	$0	–	-49,532	–	-0.61%	–
EWA	Exit	iShares MSCI Australia Indexetf	$0	–	-182,808	–	-0.61%	–
CVS	Exit	CVS Health	$0	–	-42,964	–	-0.61%	–
EWY	Exit	iShares MSCI South Korea Indexetf	$0	–	-67,838	–	-0.63%	–
KSS	Exit	Kohl's	$0	–	-91,858	–	-0.64%	–
EWL	Exit	iShares MSCI Switzerland Indexetf	$0	–	-131,644	–	-0.64%	–
XLF	Exit	Financials Select Sector SPDRetf	$0	–	-209,002	–	-0.64%	–
BAC	Exit	Bank of America	$0	–	-261,365	–	-0.65%	–
XLV	Exit	Health Care Select Sector SPDRetf	$0	–	-56,647	–	-0.65%	–
BHI	Exit	Baker Hughes	$0	–	-81,306	–	-0.66%	–
ING	Exit	ING Groep NV	$0	–	-337,846	–	-0.67%	–
EWT	Exit	iShares MSCI Taiwan Indexetf	$0	–	-272,156	–	-0.68%	–
BBT	Exit	BB&T Corporation	$0	–	-115,594	–	-0.70%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bond Index ETFetf	$0	–	-50,513	–	-0.72%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-221,470	–	-0.72%	–
SNY	Exit	Sanofi	$0	–	-120,078	–	-0.73%	–
LXK	Exit	Lexmark Int'l	$0	–	-116,070	–	-0.74%	–
TPC	Exit	Tutor Perini Corp	$0	–	-216,217	–	-0.74%	–
ONB	Exit	Old National Bancorp	$0	–	-336,020	–	-0.76%	–
MET	Exit	Metlife	$0	–	-107,231	–	-0.76%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-108,019	–	-0.76%	–
EWG	Exit	iShares MSCI Germany Index Fundetf	$0	–	-184,167	–	-0.77%	–
GM	Exit	General Motors	$0	–	-153,197	–	-0.78%	–
GILD	Exit	Gilead Sciences	$0	–	-62,994	–	-0.80%	–
TGT	Exit	Target	$0	–	-73,295	–	-0.80%	–
NOV	Exit	National Oilwell	$0	–	-137,330	–	-0.81%	–
EWU	Exit	iShares MSCI United Kingdom Indexetf	$0	–	-322,045	–	-0.82%	–
PNC	Exit	PNC Bank	$0	–	-56,979	–	-0.82%	–
TSN	Exit	Tyson Foods	$0	–	-69,482	–	-0.83%	–
BIIB	Exit	Biogen Idec	$0	–	-16,642	–	-0.83%	–
COF	Exit	Capital One Financial	$0	–	-72,509	–	-0.83%	–
FDX	Exit	FedEx Corp	$0	–	-29,836	–	-0.83%	–
BRCD	Exit	Brocade Communications Systems	$0	–	-565,255	–	-0.83%	–
XOM	Exit	Exxon Mobil	$0	–	-60,499	–	-0.84%	–
CAT	Exit	Caterpillar	$0	–	-60,584	–	-0.86%	–
AXS	Exit	Axis Capital	$0	–	-99,630	–	-0.86%	–
WHR	Exit	Whirpool	$0	–	-33,528	–	-0.87%	–
DE	Exit	Deere & Co.	$0	–	-64,382	–	-0.88%	–
WMT	Exit	Wal-Mart Stores	$0	–	-77,659	–	-0.90%	–
CMI	Exit	Cummins Inc	$0	–	-43,839	–	-0.90%	–
ABT	Exit	Abbott Laboratories	$0	–	-133,239	–	-0.90%	–
XLK	Exit	Technology Select Sector SPDRetf	$0	–	-117,987	–	-0.90%	–
IM	Exit	Ingram Micro	$0	–	-158,573	–	-0.90%	–
IBM	Exit	Int'l Business Machines	$0	–	-36,194	–	-0.92%	–
BK	Exit	Bank of NY Mellon Corp	$0	–	-144,466	–	-0.92%	–
ORCL	Exit	Oracle	$0	–	-147,451	–	-0.92%	–
BHE	Exit	Benchmark Electronics	$0	–	-240,441	–	-0.96%	–
SYMC	Exit	Symantec	$0	–	-247,439	–	-0.99%	–
COH	Exit	Coach	$0	–	-176,311	–	-1.03%	–
MDC	Exit	MDC Holdings	$0	–	-251,199	–	-1.04%	–
RCL	Exit	Royal Caribbean Cruises	$0	–	-87,584	–	-1.05%	–
CA	Exit	CA Inc	$0	–	-202,035	–	-1.07%	–
GT	Exit	Goodyear Tire	$0	–	-211,208	–	-1.09%	–
AEO	Exit	American Eagle Outfitters	$0	–	-392,846	–	-1.12%	–
CE	Exit	Celanese Corp	$0	–	-106,554	–	-1.13%	–
EWJ	Exit	iShares MSCI Japan Indexetf	$0	–	-568,517	–	-1.14%	–
ADM	Exit	Archer-Daniels-Midland	$0	–	-173,926	–	-1.17%	–
JNJ	Exit	Johnson & Johnson	$0	–	-62,429	–	-1.18%	–
PRU	Exit	Prudential	$0	–	-90,427	–	-1.18%	–
NSC	Exit	Norfolk Southern	$0	–	-77,567	–	-1.20%	–
ETN	Exit	Eaton Corp PLC	$0	–	-115,536	–	-1.21%	–
HYEM	Exit	Vaneck Vectors Emerging Markets High Yield Bond ETFetf	$0	–	-311,794	–	-1.23%	–
MAN	Exit	Manpower Inc	$0	–	-110,265	–	-1.27%	–
STX	Exit	Seagate Tech	$0	–	-209,544	–	-1.29%	–
CMCSA	Exit	Comcast Corp CL A	$0	–	-123,149	–	-1.30%	–
JPM	Exit	JP Morgan Chase	$0	–	-126,539	–	-1.35%	–
GLW	Exit	Corning	$0	–	-363,878	–	-1.38%	–
INTC	Exit	Intel	$0	–	-245,088	–	-1.48%	–
AMGN	Exit	Amgen Inc	$0	–	-55,692	–	-1.48%	–
CSCO	Exit	Cisco Systems	$0	–	-299,626	–	-1.52%	–
DIS	Exit	Walt Disney	$0	–	-106,740	–	-1.58%	–
AAPL	Exit	Apple Computer	$0	–	-90,182	–	-1.63%	–
AET	Exit	Aetna	$0	–	-89,444	–	-1.65%	–
MSFT	Exit	Microsoft	$0	–	-179,611	–	-1.65%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft	$10,346,000	+10.1%	179,611	-2.2%	1.65%	+6.4%
AET	Sell	Aetna	$10,326,000	-7.9%	89,444	-2.6%	1.65%	-11.0%
AAPL	Sell	Apple Computer	$10,195,000	+16.3%	90,182	-1.7%	1.63%	+12.4%
DIS	Buy	Walt Disney	$9,912,000	-0.3%	106,740	+5.0%	1.58%	-3.6%
CSCO	Sell	Cisco Systems	$9,504,000	+8.5%	299,626	-1.8%	1.52%	+4.9%
AMGN	Sell	Amgen Inc	$9,290,000	+8.3%	55,692	-1.2%	1.48%	+4.7%
INTC	Sell	Intel	$9,252,000	+12.1%	245,088	-2.6%	1.48%	+8.4%
GLW	Sell	Corning	$8,606,000	+13.1%	363,878	-2.0%	1.38%	+9.4%
JPM	Sell	JP Morgan Chase	$8,426,000	+5.8%	126,539	-1.3%	1.35%	+2.3%
CMCSA	Sell	Comcast Corp CL A	$8,170,000	-0.5%	123,149	-2.2%	1.30%	-3.8%
STX	Sell	Seagate Tech	$8,078,000	+56.7%	209,544	-1.0%	1.29%	+51.5%
MAN	Sell	Manpower Inc	$7,968,000	+12.2%	110,265	-0.1%	1.27%	+8.4%
HYEM	Buy	Vaneck Vectors Emerging Markets High Yield Bond ETFetf	$7,695,000	+3.9%	311,794	+0.1%	1.23%	+0.4%
ETN	Sell	Eaton Corp PLC	$7,592,000	+7.7%	115,536	-2.1%	1.21%	+4.1%
NSC	Sell	Norfolk Southern	$7,529,000	+11.8%	77,567	-2.0%	1.20%	+8.1%
PRU	Sell	Prudential	$7,383,000	+12.8%	90,427	-1.4%	1.18%	+9.2%
JNJ	Sell	Johnson & Johnson	$7,375,000	-4.8%	62,429	-2.3%	1.18%	-8.0%
ADM	Sell	Archer-Daniels-Midland	$7,334,000	-2.9%	173,926	-1.2%	1.17%	-6.1%
EWJ	New	iShares MSCI Japan Indexetf	$7,129,000	–	568,517	–	1.14%	–
CE	Sell	Celanese Corp	$7,092,000	-0.8%	106,554	-2.4%	1.13%	-4.1%
AEO	Sell	American Eagle Outfitters	$7,016,000	+10.3%	392,846	-1.6%	1.12%	+6.7%
GT	Sell	Goodyear Tire	$6,822,000	+24.5%	211,208	-1.1%	1.09%	+20.3%
CA	Sell	CA Inc	$6,683,000	-1.2%	202,035	-2.0%	1.07%	-4.5%
RCL	Sell	Royal Caribbean Cruises	$6,564,000	+10.7%	87,584	-0.9%	1.05%	+7.0%
MDC	Sell	MDC Holdings	$6,481,000	+5.3%	251,199	-0.6%	1.04%	+1.8%
COH	Sell	Coach	$6,446,000	-12.0%	176,311	-1.9%	1.03%	-14.9%
SYMC	Sell	Symantec	$6,211,000	+19.0%	247,439	-2.6%	0.99%	+15.1%
BHE	Sell	Benchmark Electronics	$5,999,000	+15.7%	240,441	-1.9%	0.96%	+11.8%
ORCL	Sell	Oracle	$5,792,000	-5.5%	147,451	-1.5%	0.92%	-8.6%
BK	Sell	Bank of NY Mellon Corp	$5,761,000	+0.4%	144,466	-2.2%	0.92%	-3.0%
IBM	Sell	Int'l Business Machines	$5,749,000	+3.7%	36,194	-0.9%	0.92%	+0.3%
IM	Sell	Ingram Micro	$5,655,000	+1.3%	158,573	-1.2%	0.90%	-2.1%
XLK	Buy	Technology Select Sector SPDRetf	$5,637,000	+35.4%	117,987	+23.0%	0.90%	+31.0%
ABT	Sell	Abbott Laboratories	$5,635,000	+7.3%	133,239	-0.3%	0.90%	+3.7%
CMI	Sell	Cummins Inc	$5,618,000	+12.0%	43,839	-1.7%	0.90%	+8.3%
WMT	Sell	Wal-Mart Stores	$5,601,000	-2.5%	77,659	-1.3%	0.90%	-5.7%
DE	Sell	Deere & Co.	$5,495,000	+3.5%	64,382	-1.7%	0.88%	+0.1%
WHR	Sell	Whirpool	$5,437,000	-3.7%	33,528	-1.1%	0.87%	-6.9%
AXS	Sell	Axis Capital	$5,413,000	-4.0%	99,630	-2.8%	0.86%	-7.2%
CAT	Sell	Caterpillar	$5,378,000	+12.6%	60,584	-3.9%	0.86%	+8.9%
XOM	Sell	Exxon Mobil	$5,280,000	-8.4%	60,499	-1.6%	0.84%	-11.3%
BRCD	Buy	Brocade Communications Systems	$5,217,000	+23.6%	565,255	+22.9%	0.83%	+19.5%
FDX	Sell	FedEx Corp	$5,212,000	+14.9%	29,836	-0.2%	0.83%	+11.1%
BIIB	Sell	Biogen Idec	$5,209,000	+28.0%	16,642	-1.1%	0.83%	+23.6%
COF	Sell	Capital One Financial	$5,208,000	+11.9%	72,509	-1.1%	0.83%	+8.2%
TSN	Sell	Tyson Foods	$5,188,000	-1.2%	69,482	-11.6%	0.83%	-4.5%
PNC	Sell	PNC Bank	$5,133,000	+8.6%	56,979	-1.9%	0.82%	+5.0%
EWU	New	iShares MSCI United Kingdom Indexetf	$5,101,000	–	322,045	–	0.82%	–
NOV	Sell	National Oilwell	$5,045,000	+6.2%	137,330	-2.8%	0.81%	+2.7%
TGT	Sell	Target	$5,034,000	-3.5%	73,295	-1.9%	0.80%	-6.7%
GILD	Sell	Gilead Sciences	$4,984,000	-6.1%	62,994	-1.0%	0.80%	-9.3%
GM	Sell	General Motors	$4,867,000	+10.4%	153,197	-1.6%	0.78%	+6.9%
EWG	Sell	iShares MSCI Germany Index Fundetf	$4,838,000	+7.6%	184,167	-1.5%	0.77%	+4.0%
WFC	Sell	Wells Fargo & Co.	$4,783,000	-7.8%	108,019	-1.4%	0.76%	-10.9%
MET	Sell	Metlife	$4,764,000	+10.9%	107,231	-0.6%	0.76%	+7.2%
ONB	Sell	Old National Bancorp	$4,724,000	+10.1%	336,020	-1.8%	0.76%	+6.5%
TPC	Sell	Tutor Perini Corp	$4,642,000	-10.2%	216,217	-1.5%	0.74%	-13.1%
LXK	Sell	Lexmark Int'l	$4,638,000	+5.0%	116,070	-0.8%	0.74%	+1.5%
SNY	Sell	Sanofi	$4,586,000	-11.3%	120,078	-2.8%	0.73%	-14.2%
FITB	Sell	Fifth Third Bancorp	$4,531,000	+14.3%	221,470	-1.8%	0.72%	+10.5%
VCIT	Sell	Vanguard Interm-Tm Corp Bond Index ETFetf	$4,525,000	-0.0%	50,513	-0.2%	0.72%	-3.3%
BBT	Sell	BB&T Corporation	$4,360,000	+2.5%	115,594	-3.2%	0.70%	-0.9%
EWT	New	iShares MSCI Taiwan Indexetf	$4,273,000	–	272,156	–	0.68%	–
ING	Sell	ING Groep NV	$4,169,000	+17.8%	337,846	-1.4%	0.67%	+13.8%
BHI	Sell	Baker Hughes	$4,104,000	+9.2%	81,306	-2.3%	0.66%	+5.6%
XLV	Buy	Health Care Select Sector SPDRetf	$4,085,000	+56.6%	56,647	+55.7%	0.65%	+51.5%
BAC	Sell	Bank of America	$4,090,000	+16.7%	261,365	-1.0%	0.65%	+12.8%
XLF	Buy	Financials Select Sector SPDRetf	$4,034,000	+7.9%	209,002	+27.8%	0.64%	+4.4%
EWL	Buy	iShares MSCI Switzerland Indexetf	$4,022,000	+4.8%	131,644	+1.7%	0.64%	+1.4%
KSS	Sell	Kohl's	$4,019,000	+15.0%	91,858	-0.3%	0.64%	+11.1%
EWY	Sell	iShares MSCI South Korea Indexetf	$3,943,000	-2.5%	67,838	-12.7%	0.63%	-5.7%
CVS	Sell	CVS Health	$3,823,000	-8.4%	42,964	-1.4%	0.61%	-11.3%
EWA	Buy	iShares MSCI Australia Indexetf	$3,821,000	+78.7%	182,808	+66.3%	0.61%	+72.8%
ETR	Sell	Entergy	$3,801,000	-8.2%	49,532	-2.6%	0.61%	-11.3%
SHPG	Sell	Shire Pharmaceuticals	$3,781,000	+4.9%	19,504	-0.4%	0.60%	+1.5%
DAL	Sell	Delta Air Lines	$3,731,000	+6.1%	94,794	-1.8%	0.60%	+2.6%
MCK	Sell	McKesson	$3,692,000	-11.2%	22,140	-0.6%	0.59%	-14.1%
FLR	Sell	Fluor	$3,627,000	+3.4%	70,676	-0.7%	0.58%	-0.2%
AUY	Sell	Yamana Gold	$3,560,000	-19.2%	825,993	-2.5%	0.57%	-21.8%
NTTYY	Sell	Nippon Telegraph and Telephone	$3,495,000	-4.4%	76,289	-1.7%	0.56%	-7.6%
XLY	Buy	Consumer Discret Select Sector SPDRetf	$3,482,000	+23.4%	43,501	+20.4%	0.56%	+19.3%
HFC	Sell	HollyFrontier Corp	$3,460,000	+0.8%	141,235	-2.2%	0.55%	-2.5%
VMBS	Sell	Vanguard Mortgage-Backed Securities ETFetf	$3,438,000	-8.1%	63,707	-8.3%	0.55%	-11.3%
CM	Sell	Canadian Imperial Bank of Commerce (CIBC)	$3,427,000	+0.9%	44,198	-2.3%	0.55%	-2.3%
EWN	Sell	iShares MSCI Netherlands Invesetf	$3,310,000	-9.8%	132,068	-16.7%	0.53%	-12.7%
MRVL	Sell	Marvell Tech	$3,234,000	+37.0%	243,727	-1.6%	0.52%	+32.6%
GOLD	Sell	Barrick Gold	$3,206,000	-17.7%	180,923	-0.9%	0.51%	-20.5%
HAL	Sell	Halliburton Co.	$3,161,000	-3.6%	70,443	-2.7%	0.50%	-6.8%
TRN	Sell	Trinity Industries	$3,078,000	+27.6%	127,281	-2.0%	0.49%	+23.3%
XLE	Buy	Energy Select Sector SPDRetf	$3,025,000	+22.4%	42,845	+18.3%	0.48%	+18.1%
BND	Sell	Vanguard Total Bond Market ETFetf	$3,008,000	-26.0%	35,745	-25.9%	0.48%	-28.4%
TTE	Buy	Total SA ADR	$2,969,000	-0.5%	62,253	+0.4%	0.47%	-3.9%
MOS	Sell	Mosaic Company New	$2,901,000	-9.2%	118,603	-2.8%	0.46%	-12.3%
GS	Sell	Goldman Sachs Group	$2,877,000	+5.5%	17,839	-2.8%	0.46%	+2.0%
HYS	Sell	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$2,848,000	+2.1%	28,627	-0.7%	0.46%	-1.3%
ERIC	Sell	Ericsson	$2,813,000	-9.0%	390,158	-3.1%	0.45%	-12.1%
SFL	Sell	Ship Finance Int'l	$2,763,000	-6.1%	187,579	-6.0%	0.44%	-9.3%
ARII	Sell	American Railcar	$2,689,000	+2.8%	64,836	-2.2%	0.43%	-0.5%
MBB	Sell	iShares Barclays MBS Bond ETFetf	$2,684,000	-35.1%	24,377	-35.2%	0.43%	-37.2%
NEM	Sell	Newmont Mining Corp Holding Co.	$2,677,000	+0.4%	68,131	-0.1%	0.43%	-2.9%
PFE	Sell	Pfizer	$2,464,000	-7.5%	72,763	-3.8%	0.39%	-10.5%
QCOM	Buy	Qualcomm	$2,453,000	+29.7%	35,814	+1.4%	0.39%	+25.2%
LQD	Buy	iShares iBoxx Invest Grade Corp Bondetf	$2,421,000	+1.0%	19,650	+0.6%	0.39%	-2.3%
JBL	Buy	Jabil Circuit	$2,329,000	+21.2%	106,741	+2.6%	0.37%	+17.4%
RSX	New	Vaneck Vectors Russia ETFetf	$2,264,000	–	120,666	–	0.36%	–
T	Buy	AT&T Inc	$2,183,000	-5.0%	53,765	+1.1%	0.35%	-8.2%
RDSA	Buy	Royal Dutch Shell A	$2,160,000	-8.4%	43,140	+1.0%	0.34%	-11.5%
TRV	Sell	The Travelers Companies	$2,138,000	-4.3%	18,666	-0.5%	0.34%	-7.3%
DSW	Buy	DSW Inc	$2,109,000	-2.9%	102,994	+0.4%	0.34%	-6.1%
EWX	New	SPDR S&P Emerging Markets Small Cap ETFetf	$2,102,000	–	48,692	–	0.34%	–
ENZL	New	iShares MSCI New Zealand Indexetf	$2,092,000	–	44,662	–	0.33%	–
PETS	Sell	PetMed Express	$2,032,000	+6.2%	100,190	-1.8%	0.32%	+2.8%
AVX	Sell	AVX Corp	$1,948,000	+0.8%	141,237	-0.7%	0.31%	-2.5%
EIDO	Sell	iShares MSCI Indonesia Indexetf	$1,934,000	+3.0%	73,147	-4.7%	0.31%	-0.3%
SPLS	Sell	Staples	$1,898,000	-6.3%	222,043	-5.5%	0.30%	-9.6%
EWK	Sell	iShares MSCI Belgium Capped Indexetf	$1,871,000	+4.7%	99,210	-1.7%	0.30%	+1.4%
EWZ	New	iShares MSCI Brazil Capped Index Fundetf	$1,833,000	–	54,331	–	0.29%	–
KMB	Sell	Kimberly Clark	$1,825,000	-10.0%	14,468	-1.9%	0.29%	-12.8%
EWH	Sell	iShares MSCI Hong Kong Indexetf	$1,808,000	-43.3%	82,148	-49.5%	0.29%	-45.2%
EIRL	Sell	iShares MSCI Ireland Indexetf	$1,796,000	-0.9%	47,256	-6.3%	0.29%	-4.0%
THD	New	iShares MSCI Thailand Capped ETFetf	$1,770,000	–	24,072	–	0.28%	–
ALL	Sell	Allstate	$1,696,000	-3.0%	24,509	-1.9%	0.27%	-6.2%
ANH	Sell	Anworth Mortgage Asset Corp	$1,693,000	+2.0%	344,076	-2.5%	0.27%	-1.5%
MRK	Sell	Merck & Co.	$1,595,000	+7.8%	25,560	-0.5%	0.26%	+4.5%
GE	Sell	General Electric Co.	$1,567,000	-6.4%	52,899	-0.5%	0.25%	-9.7%
TNP	Buy	Tsakos Energy	$1,561,000	+3.2%	323,825	+0.4%	0.25%	-0.4%
KEY	Sell	Keycorp	$1,494,000	+7.3%	122,760	-2.6%	0.24%	+3.9%
HSBC	Sell	HSBC Holdings PLC	$1,491,000	+17.5%	39,638	-2.2%	0.24%	+13.3%
HMC	Buy	Honda Motor	$1,467,000	+15.8%	50,731	+1.5%	0.23%	+12.0%
EWO	Sell	iShares MSCI Austria Indexetf	$1,459,000	-18.4%	89,391	-29.2%	0.23%	-21.3%
EPU	Sell	iShares MSCI All Peru Capped Index Fundetf	$1,451,000	-4.2%	43,693	-10.9%	0.23%	-7.2%
IEF	New	iShares Barclays 7-10 Year Treasuryetf	$1,432,000	–	12,803	–	0.23%	–
AGU	Buy	Agrium	$1,436,000	+6.3%	15,836	+6.0%	0.23%	+2.7%
IWN	New	iShares Russell 2000 Value Index Fundetf	$1,423,000	–	13,584	–	0.23%	–
TUR	Sell	iShares MSCI Turkey Investable Market Index Fundetf	$1,399,000	-20.7%	36,949	-17.0%	0.22%	-23.3%
MDT	Sell	Medtronic PLC	$1,385,000	-27.0%	16,032	-26.7%	0.22%	-29.6%
TK	Sell	TeeKay Shipping	$1,331,000	-11.0%	172,618	-17.7%	0.21%	-13.8%
BA	Sell	Boeing Co	$1,304,000	-1.1%	9,900	-2.5%	0.21%	-4.6%
EWQ	Buy	iShares MSCI France Index Fundetf	$1,296,000	+13.9%	53,644	+7.8%	0.21%	+10.1%
EWP	Buy	iShares MSCI Spain Capped Indexetf	$1,249,000	+9.3%	46,572	+1.7%	0.20%	+5.8%
FL	Buy	Foot Locker	$1,220,000	+25.6%	18,008	+1.7%	0.20%	+21.9%
CAH	Sell	Cardinal Health	$1,204,000	-0.7%	15,490	-0.4%	0.19%	-4.0%
EWI	New	iShares MSCI Italy Capped Indeetf	$1,174,000	–	106,527	–	0.19%	–
AGZ	Sell	iShares Barclays Agency Bondetf	$1,130,000	-34.8%	9,775	-34.6%	0.18%	-36.7%
CCL	New	Carnival Corp	$1,122,000	–	22,978	–	0.18%	–
UVV	Sell	Universal Corp	$1,074,000	-26.0%	18,448	-26.6%	0.17%	-28.3%
CSX	Sell	CSX	$1,060,000	+14.5%	34,764	-2.1%	0.17%	+10.5%
XLP	Sell	Consumer Staples Select Sector SPDRetf	$1,022,000	-35.0%	19,198	-32.7%	0.16%	-37.3%
BSV	Sell	Vanguard Short-Term Bond ETFetf	$987,000	-36.9%	12,210	-36.8%	0.16%	-39.0%
BRSWQ	Sell	Bristow Group Inc	$953,000	-3.7%	67,944	-21.7%	0.15%	-7.3%
IEI	Sell	iShares Barclays 3-7 Year Treasury Bond ETFetf	$951,000	-47.8%	7,513	-47.4%	0.15%	-49.5%
XLRE	New	Real Estate Select SPDRetf	$953,000	–	29,090	–	0.15%	–
CS	Sell	Credit Suisse Group	$948,000	+17.2%	72,139	-4.6%	0.15%	+12.7%
EPHE	New	iShares MSCI Philippines Indexetf	$939,000	–	25,203	–	0.15%	–
MUB	Buy	iShares National Muni Bondetf	$862,000	+76.3%	7,647	+78.0%	0.14%	+70.4%
AZSEY	Buy	Allianz SE	$862,000	+24.0%	58,130	+20.5%	0.14%	+20.0%
E	Sell	ENI SPA ADR	$840,000	-13.3%	29,109	-2.9%	0.13%	-16.2%
RYN	Sell	Rayonier	$829,000	+1.0%	31,225	-0.2%	0.13%	-2.9%
ALK	Sell	Alaska Air Group	$784,000	+6.5%	11,898	-5.8%	0.12%	+2.5%
ESV	Buy	Ensco PLC	$771,000	+7.8%	90,662	+23.1%	0.12%	+4.2%
BHP	Sell	BHP Billiton	$757,000	+15.0%	21,849	-5.2%	0.12%	+11.0%
SYF	Sell	Synchrony Financial	$685,000	+10.1%	24,466	-0.5%	0.11%	+5.8%
NM	Sell	Navios Maritime Holdings Inc	$643,000	+42.3%	531,549	-4.8%	0.10%	+37.3%
VCSH	Sell	Vanguard Short-Term Corp Bond Index ETFetf	$615,000	-42.8%	7,631	-42.6%	0.10%	-44.9%
SSINQ	Sell	Stage Stores	$611,000	+6.4%	108,830	-7.5%	0.10%	+3.2%
VOX	Buy	Vanguard Telecom Services ETFetf	$601,000	+33.3%	6,362	+38.9%	0.10%	+28.0%
EMB	Sell	iShares JPMorgan USD Emerg Markets Bondetf	$599,000	-2.3%	5,113	-4.0%	0.10%	-5.0%
PDBC	Sell	Powershares DB Optimum Yieldetf	$588,000	-12.0%	33,725	-9.9%	0.09%	-14.5%
XLB	Buy	Materials Select Sector SPDRetf	$569,000	+14.0%	11,917	+10.6%	0.09%	+11.0%
BKLN	New	Powershares Senior Loan Portfolioetf	$468,000	–	20,147	–	0.08%	–
DZK	Sell	Direxion Daily Dev Mkts Bull 3X Shrsetf	$415,000	+15.0%	8,679	-2.4%	0.07%	+10.0%
SPXL	Sell	Direxion Daily S&P500 Bull 3X Sharesetf	$360,000	+7.8%	3,703	-2.6%	0.06%	+5.5%
TNA	New	Direxion Daily Small Cap Bull 3X Sharesetf	$210,000	–	2,627	–	0.03%	–
CRGS	Exit	Curaegis Technologie	$0	–	-12,400	–	-0.00%	–
SPY	Exit	SPDR S&P 500etf	$0	–	-922	–	-0.03%	–
XLU	Exit	Utilities Select Sector SPDRetf	$0	–	-6,396	–	-0.06%	–
HYLS	Exit	First Trust Tactical High Yieldetf	$0	–	-7,728	–	-0.06%	–
JNK	Exit	SPDR Barclays High Yield Bondetf	$0	–	-15,977	–	-0.09%	–
FLOT	Exit	iShares Floating Rate Noteetf	$0	–	-14,090	–	-0.12%	–
FTSM	Exit	First Trust Enhanced Short Maturityetf	$0	–	-14,443	–	-0.14%	–
EWI	Exit	iShares MSCI Italy Capped Indeetf	$0	–	-87,403	–	-0.16%	–
HYG	Exit	iShares iBoxx High Yield Corporate Bondetf	$0	–	-21,056	–	-0.30%	–
EWT	Exit	iShares MSCI Taiwan Indexetf	$0	–	-279,048	–	-0.65%	–
GEO	Exit	Geo Group	$0	–	-128,715	–	-0.73%	–
EWU	Exit	iShares MSCI United Kingdom Indexetf	$0	–	-403,128	–	-1.02%	–
EWJ	Exit	iShares MSCI Japan Indexetf	$0	–	-544,913	–	-1.04%	–
WM	Exit	Waste Management	$0	–	-109,144	–	-1.20%	–

Q2 2016

			Value		Shares		↓ Weighting
AET	New	Aetna	$11,214,000	–	91,818	–	1.85%	–
DIS	New	Walt Disney	$9,946,000	–	101,679	–	1.64%	–
MSFT	New	Microsoft	$9,395,000	–	183,605	–	1.55%	–
AAPL	New	Apple Computer	$8,767,000	–	91,705	–	1.45%	–
CSCO	New	Cisco Systems	$8,756,000	–	305,196	–	1.45%	–
AMGN	New	Amgen Inc	$8,579,000	–	56,382	–	1.42%	–
INTC	New	Intel	$8,256,000	–	251,718	–	1.36%	–
CMCSA	New	Comcast Corp CL A	$8,210,000	–	125,943	–	1.36%	–
JPM	New	JP Morgan Chase	$7,965,000	–	128,171	–	1.32%	–
JNJ	New	Johnson & Johnson	$7,749,000	–	63,881	–	1.28%	–
GLW	New	Corning	$7,607,000	–	371,427	–	1.26%	–
ADM	New	Archer-Daniels-Midland	$7,554,000	–	176,123	–	1.25%	–
HYEM	New	Vaneck Vectors Emerging Markets High Yield Bond ETFetf	$7,409,000	–	311,549	–	1.22%	–
COH	New	Coach	$7,324,000	–	179,784	–	1.21%	–
WM	New	Waste Management	$7,233,000	–	109,144	–	1.20%	–
CE	New	Celanese Corp	$7,147,000	–	109,200	–	1.18%	–
MAN	New	Manpower Inc	$7,103,000	–	110,391	–	1.17%	–
ETN	New	Eaton Corp PLC	$7,051,000	–	118,044	–	1.16%	–
CA	New	CA Inc	$6,765,000	–	206,068	–	1.12%	–
NSC	New	Norfolk Southern	$6,736,000	–	79,121	–	1.11%	–
PRU	New	Prudential	$6,543,000	–	91,709	–	1.08%	–
AEO	New	American Eagle Outfitters	$6,362,000	–	399,382	–	1.05%	–
EWJ	New	iShares MSCI Japan Indexetf	$6,266,000	–	544,913	–	1.04%	–
EWU	New	iShares MSCI United Kingdom Indexetf	$6,196,000	–	403,128	–	1.02%	–
MDC	New	MDC Holdings	$6,153,000	–	252,784	–	1.02%	–
ORCL	New	Oracle	$6,126,000	–	149,678	–	1.01%	–
RCL	New	Royal Caribbean Cruises	$5,932,000	–	88,337	–	0.98%	–
XOM	New	Exxon Mobil	$5,763,000	–	61,479	–	0.95%	–
WMT	New	Wal-Mart Stores	$5,743,000	–	78,655	–	0.95%	–
BK	New	Bank of NY Mellon Corp	$5,736,000	–	147,650	–	0.95%	–
WHR	New	Whirpool	$5,647,000	–	33,889	–	0.93%	–
AXS	New	Axis Capital	$5,637,000	–	102,492	–	0.93%	–
IM	New	Ingram Micro	$5,581,000	–	160,478	–	0.92%	–
IBM	New	Int'l Business Machines	$5,545,000	–	36,534	–	0.92%	–
GT	New	Goodyear Tire	$5,481,000	–	213,610	–	0.91%	–
GILD	New	Gilead Sciences	$5,310,000	–	63,649	–	0.88%	–
DE	New	Deere & Co.	$5,309,000	–	65,511	–	0.88%	–
ABT	New	Abbott Laboratories	$5,251,000	–	133,574	–	0.87%	–
TSN	New	Tyson Foods	$5,250,000	–	78,601	–	0.87%	–
TGT	New	Target	$5,217,000	–	74,724	–	0.86%	–
SYMC	New	Symantec	$5,218,000	–	254,058	–	0.86%	–
WFC	New	Wells Fargo & Co.	$5,187,000	–	109,595	–	0.86%	–
BHE	New	Benchmark Electronics	$5,183,000	–	245,065	–	0.86%	–
TPC	New	Tutor Perini Corp	$5,169,000	–	219,472	–	0.85%	–
SNY	New	Sanofi	$5,168,000	–	123,489	–	0.85%	–
STX	New	Seagate Tech	$5,155,000	–	211,623	–	0.85%	–
CMI	New	Cummins Inc	$5,016,000	–	44,614	–	0.83%	–
CAT	New	Caterpillar	$4,777,000	–	63,019	–	0.79%	–
NOV	New	National Oilwell	$4,752,000	–	141,231	–	0.78%	–
PNC	New	PNC Bank	$4,726,000	–	58,067	–	0.78%	–
COF	New	Capital One Financial	$4,655,000	–	73,296	–	0.77%	–
FDX	New	FedEx Corp	$4,537,000	–	29,891	–	0.75%	–
VCIT	New	Vanguard Interm-Tm Corp Bond Index ETFetf	$4,527,000	–	50,633	–	0.75%	–
EWG	New	iShares MSCI Germany Index Fundetf	$4,496,000	–	186,962	–	0.74%	–
LXK	New	Lexmark Int'l	$4,418,000	–	117,039	–	0.73%	–
GM	New	General Motors	$4,407,000	–	155,724	–	0.73%	–
AUY	New	Yamana Gold	$4,407,000	–	847,471	–	0.73%	–
GEO	New	Geo Group	$4,399,000	–	128,715	–	0.73%	–
MET	New	Metlife	$4,296,000	–	107,865	–	0.71%	–
ONB	New	Old National Bancorp	$4,289,000	–	342,309	–	0.71%	–
BBT	New	BB&T Corporation	$4,253,000	–	119,420	–	0.70%	–
BRCD	New	Brocade Communications Systems	$4,222,000	–	459,893	–	0.70%	–
CVS	New	CVS Health	$4,172,000	–	43,573	–	0.69%	–
XLK	New	Technology Select Sector SPDRetf	$4,162,000	–	95,961	–	0.69%	–
MCK	New	McKesson	$4,156,000	–	22,267	–	0.69%	–
ETR	New	Entergy	$4,139,000	–	50,878	–	0.68%	–
MBB	New	iShares Barclays MBS Bond ETFetf	$4,134,000	–	37,595	–	0.68%	–
BIIB	New	Biogen Idec	$4,070,000	–	16,831	–	0.67%	–
BND	New	Vanguard Total Bond Market ETFetf	$4,065,000	–	48,216	–	0.67%	–
EWY	New	iShares MSCI South Korea Indexetf	$4,045,000	–	77,688	–	0.67%	–
FITB	New	Fifth Third Bancorp	$3,965,000	–	225,440	–	0.66%	–
EWT	New	iShares MSCI Taiwan Indexetf	$3,921,000	–	279,048	–	0.65%	–
GOLD	New	Barrick Gold	$3,896,000	–	182,489	–	0.64%	–
EWL	New	iShares MSCI Switzerland Indexetf	$3,838,000	–	129,432	–	0.63%	–
BHI	New	Baker Hughes	$3,757,000	–	83,259	–	0.62%	–
VMBS	New	Vanguard Mortgage-Backed Securities ETFetf	$3,743,000	–	69,499	–	0.62%	–
XLF	New	Financials Select Sector SPDRetf	$3,738,000	–	163,541	–	0.62%	–
EWN	New	iShares MSCI Netherlands Invesetf	$3,668,000	–	158,466	–	0.61%	–
NTTYY	New	Nippon Telegraph and Telephone	$3,655,000	–	77,634	–	0.60%	–
SHPG	New	Shire Pharmaceuticals	$3,603,000	–	19,575	–	0.60%	–
ING	New	ING Groep NV	$3,540,000	–	342,674	–	0.58%	–
DAL	New	Delta Air Lines	$3,517,000	–	96,529	–	0.58%	–
FLR	New	Fluor	$3,508,000	–	71,185	–	0.58%	–
BAC	New	Bank of America	$3,505,000	–	264,135	–	0.58%	–
KSS	New	Kohl's	$3,495,000	–	92,176	–	0.58%	–
HFC	New	HollyFrontier Corp	$3,431,000	–	144,339	–	0.57%	–
CM	New	Canadian Imperial Bank of Commerce (CIBC)	$3,397,000	–	45,257	–	0.56%	–
HAL	New	Halliburton Co.	$3,279,000	–	72,396	–	0.54%	–
MOS	New	Mosaic Company New	$3,194,000	–	122,007	–	0.53%	–
EWH	New	iShares MSCI Hong Kong Indexetf	$3,187,000	–	162,772	–	0.53%	–
ERIC	New	Ericsson	$3,091,000	–	402,501	–	0.51%	–
TTE	New	Total SA ADR	$2,983,000	–	62,027	–	0.49%	–
SFL	New	Ship Finance Int'l	$2,942,000	–	199,615	–	0.49%	–
XLY	New	Consumer Discret Select Sector SPDRetf	$2,821,000	–	36,140	–	0.47%	–
HYS	New	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$2,790,000	–	28,815	–	0.46%	–
GS	New	Goldman Sachs Group	$2,726,000	–	18,348	–	0.45%	–
NEM	New	Newmont Mining Corp Holding Co.	$2,667,000	–	68,168	–	0.44%	–
PFE	New	Pfizer	$2,664,000	–	75,656	–	0.44%	–
ARII	New	American Railcar	$2,617,000	–	66,301	–	0.43%	–
XLV	New	Health Care Select Sector SPDRetf	$2,609,000	–	36,380	–	0.43%	–
XLE	New	Energy Select Sector SPDRetf	$2,472,000	–	36,221	–	0.41%	–
TRN	New	Trinity Industries	$2,413,000	–	129,922	–	0.40%	–
LQD	New	iShares iBoxx Invest Grade Corp Bondetf	$2,398,000	–	19,537	–	0.40%	–
RDSA	New	Royal Dutch Shell A	$2,359,000	–	42,713	–	0.39%	–
MRVL	New	Marvell Tech	$2,361,000	–	247,694	–	0.39%	–
T	New	AT&T Inc	$2,299,000	–	53,198	–	0.38%	–
TRV	New	The Travelers Companies	$2,233,000	–	18,760	–	0.37%	–
DSW	New	DSW Inc	$2,172,000	–	102,552	–	0.36%	–
EWA	New	iShares MSCI Australia Indexetf	$2,138,000	–	109,948	–	0.35%	–
SPLS	New	Staples	$2,025,000	–	234,927	–	0.34%	–
KMB	New	Kimberly Clark	$2,028,000	–	14,749	–	0.34%	–
AVX	New	AVX Corp	$1,932,000	–	142,273	–	0.32%	–
JBL	New	Jabil Circuit	$1,921,000	–	104,029	–	0.32%	–
PETS	New	PetMed Express	$1,914,000	–	102,012	–	0.32%	–
MDT	New	Medtronic PLC	$1,898,000	–	21,869	–	0.31%	–
QCOM	New	Qualcomm	$1,892,000	–	35,312	–	0.31%	–
EIDO	New	iShares MSCI Indonesia Indexetf	$1,877,000	–	76,718	–	0.31%	–
IEI	New	iShares Barclays 3-7 Year Treasury Bond ETFetf	$1,821,000	–	14,296	–	0.30%	–
EIRL	New	iShares MSCI Ireland Indexetf	$1,812,000	–	50,409	–	0.30%	–
EWO	New	iShares MSCI Austria Indexetf	$1,789,000	–	126,280	–	0.30%	–
HYG	New	iShares iBoxx High Yield Corporate Bondetf	$1,783,000	–	21,056	–	0.30%	–
EWK	New	iShares MSCI Belgium Capped Indexetf	$1,787,000	–	100,904	–	0.30%	–
TUR	New	iShares MSCI Turkey Investable Market Index Fundetf	$1,765,000	–	44,508	–	0.29%	–
ALL	New	Allstate	$1,748,000	–	24,995	–	0.29%	–
AGZ	New	iShares Barclays Agency Bondetf	$1,732,000	–	14,946	–	0.29%	–
GE	New	General Electric Co.	$1,674,000	–	53,187	–	0.28%	–
ANH	New	Anworth Mortgage Asset Corp	$1,659,000	–	352,909	–	0.27%	–
XLP	New	Consumer Staples Select Sector SPDRetf	$1,573,000	–	28,529	–	0.26%	–
BSV	New	Vanguard Short-Term Bond ETFetf	$1,565,000	–	19,312	–	0.26%	–
EPU	New	iShares MSCI All Peru Capped Index Fundetf	$1,514,000	–	49,014	–	0.25%	–
TNP	New	Tsakos Energy	$1,513,000	–	322,554	–	0.25%	–
TK	New	TeeKay Shipping	$1,495,000	–	209,630	–	0.25%	–
MRK	New	Merck & Co.	$1,479,000	–	25,676	–	0.24%	–
UVV	New	Universal Corp	$1,452,000	–	25,150	–	0.24%	–
KEY	New	Keycorp	$1,393,000	–	126,053	–	0.23%	–
AGU	New	Agrium	$1,351,000	–	14,936	–	0.22%	–
BA	New	Boeing Co.	$1,318,000	–	10,152	–	0.22%	–
HSBC	New	HSBC Holdings PLC	$1,269,000	–	40,532	–	0.21%	–
HMC	New	Honda Motor	$1,267,000	–	50,005	–	0.21%	–
CAH	New	Cardinal Health	$1,213,000	–	15,551	–	0.20%	–
EWP	New	iShares MSCI Spain Capped Indexetf	$1,143,000	–	45,774	–	0.19%	–
EWQ	New	iShares MSCI France Index Fundetf	$1,138,000	–	49,751	–	0.19%	–
VCSH	New	Vanguard Short-Term Corp Bond Index ETFetf	$1,075,000	–	13,293	–	0.18%	–
BRSWQ	New	Bristow Group Inc	$990,000	–	86,724	–	0.16%	–
E	New	ENI SPA ADR	$969,000	–	29,964	–	0.16%	–
FL	New	Foot Locker	$971,000	–	17,700	–	0.16%	–
EWI	New	iShares MSCI Italy Capped Indeetf	$948,000	–	87,403	–	0.16%	–
CSX	New	CSX	$926,000	–	35,497	–	0.15%	–
FTSM	New	First Trust Enhanced Short Maturityetf	$865,000	–	14,443	–	0.14%	–
RYN	New	Rayonier	$821,000	–	31,292	–	0.14%	–
CS	New	Credit Suisse Group	$809,000	–	75,649	–	0.13%	–
ALK	New	Alaska Air Group	$736,000	–	12,631	–	0.12%	–
ESV	New	Ensco PLC	$715,000	–	73,660	–	0.12%	–
FLOT	New	iShares Floating Rate Noteetf	$713,000	–	14,090	–	0.12%	–
AZSEY	New	Allianz SE	$695,000	–	48,259	–	0.12%	–
PDBC	New	Powershares DB Optimum Yieldetf	$668,000	–	37,445	–	0.11%	–
BHP	New	BHP Billiton	$658,000	–	23,054	–	0.11%	–
SYF	New	Synchrony Financial	$622,000	–	24,598	–	0.10%	–
EMB	New	iShares JPMorgan USD Emerg Markets Bondetf	$613,000	–	5,328	–	0.10%	–
SSINQ	New	Stage Stores	$574,000	–	117,591	–	0.10%	–
JNK	New	SPDR Barclays High Yield Bondetf	$570,000	–	15,977	–	0.09%	–
XLB	New	Materials Select Sector SPDRetf	$499,000	–	10,776	–	0.08%	–
MUB	New	iShares National Muni Bondetf	$489,000	–	4,296	–	0.08%	–
VOX	New	Vanguard Telecom Services ETFetf	$451,000	–	4,579	–	0.08%	–
NM	New	Navios Maritime Holdings Inc	$452,000	–	558,515	–	0.08%	–
HYLS	New	First Trust Tactical High Yieldetf	$368,000	–	7,728	–	0.06%	–
DZK	New	Direxion Daily Dev Mkts Bull 3X Shrsetf	$361,000	–	8,896	–	0.06%	–
XLU	New	Utilities Select Sector SPDRetf	$336,000	–	6,396	–	0.06%	–
SPXL	New	Direxion Daily S&P500 Bull 3X Sharesetf	$334,000	–	3,800	–	0.06%	–
DIOD	New	Diodes	$315,000	–	16,768	–	0.05%	–
SPY	New	SPDR S&P 500etf	$193,000	–	922	–	0.03%	–
CRGS	New	Curaegis Technologie	$7,000	–	12,400	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
RYAM	Exit	Rayonier Advanced Materials	$0	–	-10,256	–	-0.01%	–
SOUHY	Exit	South32 Ltd	$0	–	-16,100	–	-0.01%	–
DZK	Exit	Direxion Daily Dev Mkts Bull 3X Shrsetf	$0	–	-4,576	–	-0.03%	–
FTW	Exit	First Trust Taiwan AlphaDEX Fundetf	$0	–	-8,297	–	-0.04%	–
FSZ	Exit	First Trust Switzerland AlphaDEX Fundetf	$0	–	-6,806	–	-0.04%	–
FXL	Exit	First Trust Technologyetf	$0	–	-9,550	–	-0.05%	–
ATVI	Exit	Activision Blizzard	$0	–	-11,864	–	-0.06%	–
FM	Exit	iShares MSCI Frontier 100etf	$0	–	-14,624	–	-0.06%	–
DIOD	Exit	Diodes	$0	–	-17,855	–	-0.06%	–
VNQI	Exit	Vanguard Global ex-U.S. Real Estate ETFetf	$0	–	-7,736	–	-0.06%	–
TIP	Exit	iShares Barclays TIPS Bondetf	$0	–	-3,831	–	-0.06%	–
TDW	Exit	Tidewater	$0	–	-45,221	–	-0.09%	–
RWM	Exit	ProShares Short Russell2000etf	$0	–	-10,000	–	-0.10%	–
DBC	Exit	PowerShares DB Commodity Fundetf	$0	–	-44,678	–	-0.10%	–
RYN	Exit	Rayonier	$0	–	-34,510	–	-0.12%	–
CHK	Exit	Chesapeake Energy	$0	–	-106,677	–	-0.12%	–
DOFSQ	Exit	Diamond Offshore	$0	–	-51,641	–	-0.14%	–
CSX	Exit	CSX	$0	–	-33,124	–	-0.14%	–
SSINQ	Exit	Stage Stores	$0	–	-93,849	–	-0.14%	–
E	Exit	ENI SPA ADR	$0	–	-33,631	–	-0.16%	–
CAH	Exit	Cardinal Health	$0	–	-14,447	–	-0.17%	–
NEM	Exit	Newmont Mining Corp Holding Co.	$0	–	-69,478	–	-0.17%	–
AGU	Exit	Agrium	$0	–	-12,748	–	-0.17%	–
QSII	Exit	Quality Systems, Inc.	$0	–	-97,861	–	-0.19%	–
T	Exit	AT&T Inc Com	$0	–	-37,934	–	-0.19%	–
GOLD	Exit	Barrick Gold	$0	–	-193,618	–	-0.19%	–
UVV	Exit	Universal Corp.	$0	–	-25,661	–	-0.19%	–
FCX	Exit	Freeport McMoran Copper & Gold	$0	–	-139,895	–	-0.21%	–
BHP	Exit	BHP Billiton	$0	–	-42,956	–	-0.21%	–
ALL	Exit	Allstate	$0	–	-23,936	–	-0.21%	–
HMC	Exit	Honda Motor	$0	–	-47,035	–	-0.21%	–
MDT	Exit	Medtronic PLC	$0	–	-21,140	–	-0.22%	–
KEY	Exit	Keycorp	$0	–	-116,668	–	-0.23%	–
TNP	Exit	Tsakos Energy	$0	–	-190,050	–	-0.24%	–
ANH	Exit	Anworth Mortgage Asset Corp	$0	–	-321,563	–	-0.24%	–
KMB	Exit	Kimberly Clark	$0	–	-14,532	–	-0.24%	–
TRV	Exit	The Travelers Companies	$0	–	-16,987	–	-0.26%	–
AUY	Exit	Yamana Gold	$0	–	-1,055,724	–	-0.27%	–
HSBC	Exit	HSBC Holdings PLC	$0	–	-47,865	–	-0.28%	–
AVX	Exit	AVX Corp	$0	–	-139,421	–	-0.28%	–
ESV	Exit	Ensco PLC	$0	–	-130,575	–	-0.28%	–
QCOM	Exit	Qualcomm	$0	–	-34,331	–	-0.28%	–
APA	Exit	Apache	$0	–	-49,011	–	-0.29%	–
MRO	Exit	Marathon Oil	$0	–	-124,942	–	-0.29%	–
GE	Exit	General Electric Co.	$0	–	-78,568	–	-0.30%	–
GXG	Exit	Global X FTSE Colombia 20 ETFetf	$0	–	-250,525	–	-0.32%	–
JBL	Exit	Jabil Circuit	$0	–	-92,736	–	-0.32%	–
FTSM	Exit	First Trust Enhanced Short Maturityetf	$0	–	-37,882	–	-0.35%	–
PFE	Exit	Pfizer	$0	–	-72,589	–	-0.35%	–
CS	Exit	Credit Suisse Group	$0	–	-95,363	–	-0.35%	–
PETS	Exit	PetMed Express	$0	–	-143,288	–	-0.35%	–
ARII	Exit	American Railcar	$0	–	-67,638	–	-0.37%	–
EPU	Exit	iShares MSCI All Peru Capped Index Fundetf	$0	–	-119,055	–	-0.40%	–
XLK	Exit	Technology Select Sector SPDRetf	$0	–	-67,033	–	-0.40%	–
BXLT	Exit	Baxalta Incorporated	$0	–	-86,517	–	-0.42%	–
MRVL	Exit	Marvell Tech	$0	–	-301,272	–	-0.42%	–
BRSWQ	Exit	Bristow Group Inc	$0	–	-104,610	–	-0.42%	–
TTE	Exit	Total SA ADR	$0	–	-61,360	–	-0.42%	–
RDSA	Exit	Royal Dutch Shell A	$0	–	-58,461	–	-0.42%	–
BAX	Exit	Baxter International	$0	–	-87,389	–	-0.44%	–
HAL	Exit	Halliburton Co.	$0	–	-84,178	–	-0.45%	–
NM	Exit	Navios Maritime Holdings Inc.	$0	–	-1,257,339	–	-0.48%	–
XLU	Exit	Utilities Select Sector SPDRetf	$0	–	-72,564	–	-0.48%	–
TRN	Exit	Trinity Industries	$0	–	-138,935	–	-0.48%	–
FLR	Exit	Fluor	$0	–	-78,724	–	-0.51%	–
HYLS	Exit	First Trust Tactical High Yieldetf	$0	–	-69,514	–	-0.51%	–
CWT	Exit	California Water Service	$0	–	-152,726	–	-0.52%	–
GS	Exit	Goldman Sachs Group	$0	–	-19,857	–	-0.53%	–
LXK	Exit	Lexmark International	$0	–	-120,892	–	-0.53%	–
SFL	Exit	Ship Finance Int'l	$0	–	-219,602	–	-0.54%	–
ABT	Exit	Abbott Laboratories	$0	–	-91,905	–	-0.56%	–
MOS	Exit	Mosaic Company New	$0	–	-119,783	–	-0.57%	–
ETR	Exit	Entergy	$0	–	-58,046	–	-0.58%	–
TPC	Exit	Tutor Perini Corp	$0	–	-236,465	–	-0.59%	–
SPLS	Exit	Staples	$0	–	-345,735	–	-0.62%	–
CM	Exit	Canadian Imperial Bank of Commerce (CIBC)	$0	–	-59,507	–	-0.65%	–
KSS	Exit	Kohl's	$0	–	-95,872	–	-0.68%	–
CAT	Exit	Caterpillar	$0	–	-68,134	–	-0.68%	–
NOV	Exit	National Oilwell	$0	–	-120,371	–	-0.69%	–
BBT	Exit	BB&T Corporation	$0	–	-128,449	–	-0.70%	–
GM	Exit	General Motors	$0	–	-154,338	–	-0.71%	–
XOM	Exit	Exxon Mobil	$0	–	-63,628	–	-0.72%	–
BHI	Exit	Baker Hughes	$0	–	-91,936	–	-0.73%	–
IM	Exit	Ingram Micro	$0	–	-176,258	–	-0.73%	–
ONB	Exit	Old National Bancorp	$0	–	-345,854	–	-0.73%	–
EWL	Exit	iShares MSCI Switzerland Indexetf	$0	–	-157,726	–	-0.74%	–
EWT	Exit	iShares MSCI Taiwan Indexetf	$0	–	-368,919	–	-0.74%	–
BRCD	Exit	Brocade Communications Systems	$0	–	-486,339	–	-0.77%	–
EWP	Exit	iShares MSCI Spain Capped Indexetf	$0	–	-170,392	–	-0.77%	–
EWS	Exit	iShares MSCI Singapore Indexetf	$0	–	-499,294	–	-0.77%	–
ERIC	Exit	Ericsson	$0	–	-519,535	–	-0.77%	–
WHR	Exit	Whirpool	$0	–	-34,683	–	-0.78%	–
EWH	Exit	iShares MSCI Hong Kong Indexetf	$0	–	-271,009	–	-0.79%	–
DE	Exit	Deere & Co.	$0	–	-70,267	–	-0.79%	–
EWD	Exit	iShares MSCI Sweden Indexetf	$0	–	-179,110	–	-0.79%	–
EMB	Exit	iShares JPMorgan USD Emerg Markets Bondetf	$0	–	-48,865	–	-0.79%	–
MET	Exit	Metlife	$0	–	-111,521	–	-0.80%	–
WMT	Exit	Wal-Mart Stores	$0	–	-81,342	–	-0.80%	–
EWY	Exit	iShares MSCI South Korea Indexetf	$0	–	-108,632	–	-0.81%	–
PNC	Exit	PNC Bank	$0	–	-60,633	–	-0.82%	–
COH	Exit	Coach	$0	–	-188,571	–	-0.83%	–
EMHY	Exit	iShares Emerging Markets High Yield Bondetf	$0	–	-122,734	–	-0.84%	–
IBM	Exit	Int'l Business Machines	$0	–	-38,362	–	-0.85%	–
COF	Exit	Capital One Financial	$0	–	-78,021	–	-0.86%	–
STX	Exit	Seagate Tech	$0	–	-127,134	–	-0.87%	–
BHE	Exit	Benchmark Electronics	$0	–	-262,608	–	-0.87%	–
CA	Exit	CA Inc.	$0	–	-210,203	–	-0.88%	–
ORCL	Exit	Oracle	$0	–	-159,429	–	-0.88%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-115,793	–	-0.91%	–
AXS	Exit	Axis Capital	$0	–	-110,704	–	-0.91%	–
SYMC	Exit	Symantec	$0	–	-310,372	–	-0.92%	–
JNJ	Exit	Johnson & Johnson	$0	–	-64,896	–	-0.92%	–
GILD	Exit	Gilead Sciences	$0	–	-61,912	–	-0.93%	–
BSV	Exit	Vanguard Short-Term Bond ETFetf	$0	–	-76,121	–	-0.93%	–
TGT	Exit	Target	$0	–	-79,585	–	-0.95%	–
ETN	Exit	Eaton Corp PLC	$0	–	-123,031	–	-0.96%	–
SNY	Exit	Sanofi	$0	–	-133,116	–	-0.96%	–
FLOT	Exit	iShares Floating Rate Noteetf	$0	–	-125,790	–	-0.97%	–
AEO	Exit	American Eagle Outfitters	$0	–	-408,379	–	-0.97%	–
GT	Exit	Goodyear Tire	$0	–	-220,095	–	-0.98%	–
BK	Exit	Bank of NY Mellon Corp.	$0	–	-165,078	–	-0.98%	–
NSC	Exit	Norfolk Southern	$0	–	-85,219	–	-0.99%	–
GLW	Exit	Corning	$0	–	-380,655	–	-0.99%	–
BMR	Exit	BioMed Realty	$0	–	-340,491	–	-1.04%	–
MDC	Exit	MDC Holdings	$0	–	-268,121	–	-1.07%	–
CE	Exit	Celanese Corp	$0	–	-121,367	–	-1.09%	–
TSN	Exit	Tyson Foods	$0	–	-168,440	–	-1.11%	–
HFC	Exit	HollyFrontier Corp	$0	–	-149,800	–	-1.12%	–
PRU	Exit	Prudential	$0	–	-96,059	–	-1.12%	–
NTTYY	Exit	Nippon Telegraph and Telephone	$0	–	-219,462	–	-1.18%	–
WM	Exit	Waste Management	$0	–	-158,680	–	-1.20%	–
INTC	Exit	Intel	$0	–	-264,106	–	-1.21%	–
ADM	Exit	Archer-Daniels-Midland	$0	–	-192,854	–	-1.22%	–
AMGN	Exit	Amgen Inc	$0	–	-58,850	–	-1.24%	–
CMCSA	Exit	Comcast Corp CL A	$0	–	-144,291	–	-1.25%	–
JPM	Exit	JP Morgan Chase	$0	–	-137,108	–	-1.27%	–
NVDA	Exit	Nvidia	$0	–	-344,855	–	-1.30%	–
CSCO	Exit	Cisco Systems	$0	–	-324,085	–	-1.30%	–
RCL	Exit	Royal Caribbean Cruises	$0	–	-96,058	–	-1.30%	–
MAN	Exit	Manpower Inc.	$0	–	-107,384	–	-1.34%	–
MSFT	Exit	Microsoft	$0	–	-203,750	–	-1.37%	–
HYS	Exit	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$0	–	-106,107	–	-1.53%	–
MBB	Exit	iShares Barclays MBS Bondetf	$0	–	-93,027	–	-1.55%	–
HYEM	Exit	Market Vectors Emerging Markets High Yield Bond ETFetf	$0	–	-472,141	–	-1.62%	–
AAPL	Exit	Apple Computer	$0	–	-97,090	–	-1.63%	–
DIS	Exit	Disney, Walt	$0	–	-108,769	–	-1.69%	–
AET	Exit	Aetna	$0	–	-101,893	–	-1.70%	–
BND	Exit	Vanguard Total Bond Market ETFetf	$0	–	-173,491	–	-2.17%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bond Index ETFetf	$0	–	-179,582	–	-2.34%	–
SJNK	Exit	SPDR Barclays Short Term High Yield Bondetf	$0	–	-744,160	–	-3.06%	–

Q3 2015

			Value		Shares		↓ Weighting
SJNK	Sell	SPDR Barclays Short Term High Yield Bondetf	$20,048,000	-14.3%	744,160	-8.0%	3.06%	-1.7%
VCIT	Sell	Vanguard Interm-Tm Corp Bond Index ETFetf	$15,342,000	-10.5%	179,582	-10.6%	2.34%	+2.6%
BND	Sell	Vanguard Total Bond Market ETFetf	$14,214,000	-9.8%	173,491	-10.6%	2.17%	+3.4%
AET	Sell	Aetna	$11,148,000	-15.5%	101,893	-1.6%	1.70%	-3.1%
DIS	Sell	Disney, Walt	$11,116,000	-12.3%	108,769	-2.0%	1.69%	+0.6%
AAPL	Sell	Apple Computer	$10,709,000	-12.5%	97,090	-0.6%	1.63%	+0.2%
HYEM	Sell	Market Vectors Emerging Markets High Yield Bond ETFetf	$10,642,000	-17.5%	472,141	-11.7%	1.62%	-5.4%
MBB	Sell	iShares Barclays MBS Bondetf	$10,198,000	-12.1%	93,027	-12.9%	1.55%	+0.8%
HYS	Sell	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$10,040,000	-11.7%	106,107	-6.7%	1.53%	+1.3%
MSFT	Buy	Microsoft	$9,018,000	+0.3%	203,750	+0.1%	1.37%	+15.0%
MAN	Sell	Manpower Inc.	$8,794,000	-11.4%	107,384	-3.3%	1.34%	+1.6%
RCL	Sell	Royal Caribbean Cruises	$8,558,000	-25.1%	96,058	-33.9%	1.30%	-14.2%
CSCO	Buy	Cisco Systems	$8,507,000	-4.2%	324,085	+0.3%	1.30%	+9.8%
NVDA	Buy	Nvidia	$8,501,000	+23.2%	344,855	+0.5%	1.30%	+41.2%
JPM	Buy	JP Morgan Chase	$8,359,000	-9.8%	137,108	+0.3%	1.27%	+3.5%
CMCSA	Buy	Comcast Corp CL A	$8,207,000	-5.0%	144,291	+0.4%	1.25%	+8.9%
AMGN	Buy	Amgen Inc	$8,140,000	-9.3%	58,850	+0.7%	1.24%	+3.9%
ADM	Buy	Archer-Daniels-Midland	$7,994,000	-13.2%	192,854	+1.0%	1.22%	-0.5%
INTC	Buy	Intel	$7,960,000	-0.2%	264,106	+0.7%	1.21%	+14.4%
WM	Buy	Waste Management	$7,904,000	+8.4%	158,680	+0.9%	1.20%	+24.3%
NTTYY	Sell	Nippon Telegraph and Telephone	$7,749,000	-2.9%	219,462	-0.2%	1.18%	+11.4%
PRU	Buy	Prudential	$7,321,000	-12.2%	96,059	+0.8%	1.12%	+0.6%
HFC	Buy	HollyFrontier Corp	$7,316,000	+15.0%	149,800	+0.5%	1.12%	+31.8%
TSN	Buy	Tyson Foods	$7,260,000	+1.7%	168,440	+0.6%	1.11%	+16.5%
CE	Buy	Celanese Corp	$7,181,000	-16.8%	121,367	+1.0%	1.09%	-4.7%
MDC	Sell	MDC Holdings	$7,019,000	-13.6%	268,121	-1.1%	1.07%	-0.9%
BMR	Buy	BioMed Realty	$6,803,000	+4.1%	340,491	+0.7%	1.04%	+19.3%
GLW	Buy	Corning	$6,517,000	-12.3%	380,655	+1.1%	0.99%	+0.5%
NSC	Buy	Norfolk Southern	$6,511,000	-11.9%	85,219	+0.7%	0.99%	+1.0%
BK	Buy	Bank of NY Mellon Corp.	$6,463,000	-6.5%	165,078	+0.3%	0.98%	+7.3%
GT	Sell	Goodyear Tire	$6,455,000	-4.2%	220,095	-1.6%	0.98%	+9.8%
AEO	Buy	American Eagle Outfitters	$6,383,000	-8.7%	408,379	+0.6%	0.97%	+4.6%
FLOT	Sell	iShares Floating Rate Noteetf	$6,346,000	-16.6%	125,790	-16.2%	0.97%	-4.4%
SNY	Buy	Sanofi	$6,319,000	-3.5%	133,116	+0.7%	0.96%	+10.7%
ETN	Sell	Eaton Corp PLC	$6,311,000	-25.3%	123,031	-1.7%	0.96%	-14.3%
TGT	Buy	Target	$6,260,000	-3.0%	79,585	+0.7%	0.95%	+11.2%
BSV	Sell	Vanguard Short-Term Bond ETFetf	$6,119,000	-15.5%	76,121	-15.7%	0.93%	-3.2%
GILD	Buy	Gilead Sciences	$6,079,000	-9.5%	61,912	+8.0%	0.93%	+3.8%
JNJ	Buy	Johnson & Johnson	$6,058,000	-2.0%	64,896	+2.3%	0.92%	+12.3%
SYMC	Buy	Symantec	$6,043,000	-15.5%	310,372	+0.9%	0.92%	-3.1%
AXS	Buy	Axis Capital	$5,947,000	+0.7%	110,704	+0.0%	0.91%	+15.4%
WFC	Buy	Wells Fargo & Co.	$5,946,000	-7.9%	115,793	+0.9%	0.91%	+5.6%
ORCL	Buy	Oracle	$5,759,000	-9.7%	159,429	+0.7%	0.88%	+3.5%
CA	Buy	CA Inc.	$5,739,000	-5.6%	210,203	+1.3%	0.88%	+8.3%
BHE	Buy	Benchmark Electronics	$5,714,000	+0.4%	262,608	+0.5%	0.87%	+15.2%
STX	Buy	Seagate Tech	$5,696,000	-4.9%	127,134	+0.9%	0.87%	+9.0%
COF	Buy	Capital One Financial	$5,658,000	-16.8%	78,021	+0.9%	0.86%	-4.6%
IBM	Buy	Int'l Business Machines	$5,561,000	-8.9%	38,362	+2.3%	0.85%	+4.4%
EMHY	Sell	iShares Emerging Markets High Yield Bondetf	$5,546,000	-14.5%	122,734	-9.2%	0.84%	-2.0%
COH	Buy	Coach	$5,455,000	-15.2%	188,571	+1.5%	0.83%	-2.8%
PNC	Buy	PNC Bank	$5,408,000	-5.8%	60,633	+1.1%	0.82%	+8.0%
EWY	Sell	iShares MSCI South Korea Indexetf	$5,299,000	-11.8%	108,632	-0.4%	0.81%	+1.1%
WMT	Buy	Wal-Mart Stores	$5,274,000	-7.1%	81,342	+1.6%	0.80%	+6.5%
MET	Buy	Metlife	$5,258,000	-15.0%	111,521	+0.9%	0.80%	-2.6%
DE	Buy	Deere & Co.	$5,200,000	-23.2%	70,267	+0.7%	0.79%	-12.0%
EWD	New	iShares MSCI Sweden Indexetf	$5,200,000	–	179,110	–	0.79%	–
EMB	Sell	iShares JPMorgan USD Emerg Markets Bondetf	$5,199,000	-12.2%	48,865	-9.3%	0.79%	+0.6%
EWH	Buy	iShares MSCI Hong Kong Indexetf	$5,182,000	-13.0%	271,009	+2.7%	0.79%	-0.1%
WHR	Buy	Whirpool	$5,107,000	-14.0%	34,683	+1.1%	0.78%	-1.4%
EWS	Buy	iShares MSCI Singapore Indexetf	$5,078,000	+69.4%	499,294	+109.4%	0.77%	+94.5%
ERIC	Buy	Ericsson	$5,081,000	-5.5%	519,535	+0.9%	0.77%	+8.4%
EWP	Sell	iShares MSCI Spain Capped Indexetf	$5,054,000	-14.0%	170,392	-2.7%	0.77%	-1.4%
BRCD	Buy	Brocade Communications Systems	$5,048,000	-11.1%	486,339	+1.7%	0.77%	+1.9%
EWT	Buy	iShares MSCI Taiwan Indexetf	$4,855,000	-15.9%	368,919	+0.9%	0.74%	-3.5%
EWL	Sell	iShares MSCI Switzerland Indexetf	$4,825,000	-13.1%	157,726	-7.0%	0.74%	-0.4%
ONB	Buy	Old National Bancorp	$4,818,000	-1.9%	345,854	+1.8%	0.73%	+12.4%
IM	Buy	Ingram Micro	$4,801,000	+9.7%	176,258	+0.8%	0.73%	+25.8%
BHI	Sell	Baker Hughes	$4,784,000	-19.7%	91,936	-4.8%	0.73%	-8.0%
XOM	Buy	Exxon Mobil	$4,731,000	-10.1%	63,628	+0.6%	0.72%	+3.0%
GM	New	General Motors	$4,633,000	–	154,338	–	0.71%	–
BBT	Buy	BB&T Corporation	$4,573,000	-11.3%	128,449	+0.4%	0.70%	+1.6%
NOV	New	National Oilwell	$4,532,000	–	120,371	–	0.69%	–
CAT	Buy	Caterpillar	$4,453,000	-22.0%	68,134	+1.3%	0.68%	-10.5%
KSS	Buy	Kohl's	$4,440,000	-25.1%	95,872	+1.2%	0.68%	-14.1%
CM	Sell	Canadian Imperial Bank of Commerce (CIBC)	$4,282,000	-4.8%	59,507	-2.5%	0.65%	+9.2%
SPLS	Buy	Staples	$4,055,000	-22.9%	345,735	+0.6%	0.62%	-11.6%
TPC	Buy	Tutor Perini Corp	$3,892,000	-23.3%	236,465	+0.5%	0.59%	-12.1%
ETR	Buy	Entergy	$3,779,000	-5.1%	58,046	+2.8%	0.58%	+8.9%
MOS	Buy	Mosaic Company New	$3,726,000	-32.1%	119,783	+2.2%	0.57%	-22.2%
ABT	Buy	Abbott Laboratories	$3,696,000	-17.8%	91,905	+0.4%	0.56%	-5.7%
SFL	Sell	Ship Finance Int'l	$3,569,000	-3.5%	219,602	-3.1%	0.54%	+10.6%
LXK	Buy	Lexmark International	$3,503,000	-32.2%	120,892	+3.5%	0.53%	-22.2%
GS	Buy	Goldman Sachs Group	$3,450,000	-15.5%	19,857	+1.5%	0.53%	-3.1%
CWT	Buy	California Water Service	$3,378,000	-1.4%	152,726	+1.9%	0.52%	+13.2%
HYLS	Sell	First Trust Tactical High Yieldetf	$3,346,000	-38.7%	69,514	-36.3%	0.51%	-29.7%
FLR	Buy	Fluor	$3,334,000	-19.7%	78,724	+0.5%	0.51%	-8.0%
TRN	Buy	Trinity Industries	$3,150,000	-11.2%	138,935	+3.5%	0.48%	+1.7%
XLU	Sell	Utilities Select Sector SPDRetf	$3,141,000	-16.8%	72,564	-20.3%	0.48%	-4.6%
NM	Buy	Navios Maritime Holdings Inc.	$3,131,000	-31.6%	1,257,339	+2.2%	0.48%	-21.5%
HAL	Buy	Halliburton Co.	$2,976,000	-16.9%	84,178	+1.2%	0.45%	-4.6%
BAX	Sell	Baxter International	$2,871,000	-60.6%	87,389	-16.2%	0.44%	-54.8%
RDSA	Buy	Royal Dutch Shell A	$2,770,000	-16.5%	58,461	+0.4%	0.42%	-4.3%
TTE	Buy	Total SA ADR	$2,743,000	-8.6%	61,360	+0.5%	0.42%	+4.8%
BRSWQ	Buy	Bristow Group Inc	$2,737,000	-50.3%	104,610	+1.2%	0.42%	-43.1%
MRVL	Buy	Marvell Tech	$2,727,000	-29.4%	301,272	+2.9%	0.42%	-18.9%
BXLT	New	Baxalta Incorporated	$2,726,000	–	86,517	–	0.42%	–
XLK	Sell	Technology Select Sector SPDRetf	$2,648,000	-14.6%	67,033	-10.5%	0.40%	-1.9%
EPU	Buy	iShares MSCI All Peru Capped Index Fundetf	$2,638,000	-19.9%	119,055	+5.4%	0.40%	-8.2%
ARII	Buy	American Railcar	$2,446,000	+137.5%	67,638	+219.5%	0.37%	+172.3%
PETS	Buy	PetMed Express	$2,307,000	-5.7%	143,288	+1.1%	0.35%	+8.3%
CS	Buy	Credit Suisse Group	$2,292,000	-12.3%	95,363	+0.8%	0.35%	+0.6%
PFE	Sell	Pfizer	$2,280,000	-6.9%	72,589	-0.7%	0.35%	+6.4%
FTSM	Sell	First Trust Enhanced Short Maturityetf	$2,268,000	-37.9%	37,882	-37.7%	0.35%	-28.7%
JBL	Buy	Jabil Circuit	$2,074,000	+6.9%	92,736	+1.7%	0.32%	+22.5%
GXG	Sell	Global X FTSE Colombia 20 ETFetf	$2,067,000	-28.1%	250,525	-6.9%	0.32%	-17.5%
GE	Buy	General Electric Co.	$1,981,000	-4.2%	78,568	+0.9%	0.30%	+9.8%
MRO	Sell	Marathon Oil	$1,924,000	-42.4%	124,942	-0.6%	0.29%	-34.0%
APA	Sell	Apache	$1,919,000	-32.7%	49,011	-0.9%	0.29%	-23.0%
QCOM	Buy	Qualcomm	$1,845,000	-9.4%	34,331	+5.6%	0.28%	+3.7%
ESV	Buy	Ensco PLC	$1,839,000	-36.1%	130,575	+1.1%	0.28%	-26.7%
AVX	Buy	AVX Corp	$1,825,000	-2.0%	139,421	+0.8%	0.28%	+12.6%
HSBC	Buy	HSBC Holdings PLC	$1,813,000	-12.5%	47,865	+3.5%	0.28%	+0.4%
AUY	Sell	Yamana Gold	$1,795,000	-45.2%	1,055,724	-3.2%	0.27%	-37.0%
TRV	Buy	The Travelers Companies	$1,691,000	+5.6%	16,987	+2.5%	0.26%	+21.1%
ANH	Buy	Anworth Mortgage Asset Corp	$1,589,000	+5.9%	321,563	+5.6%	0.24%	+21.0%
KMB	Buy	Kimberly Clark	$1,585,000	+3.7%	14,532	+0.7%	0.24%	+19.2%
TNP	Sell	Tsakos Energy	$1,545,000	-15.0%	190,050	-0.4%	0.24%	-2.9%
KEY	Buy	Keycorp	$1,518,000	-13.0%	116,668	+0.5%	0.23%	-0.4%
MDT	Buy	Medtronic PLC	$1,415,000	-6.2%	21,140	+3.8%	0.22%	+8.0%
HMC	Buy	Honda Motor	$1,406,000	-7.4%	47,035	+0.3%	0.21%	+5.9%
ALL	Buy	Allstate	$1,394,000	-8.4%	23,936	+2.0%	0.21%	+5.0%
BHP	Buy	BHP Billiton	$1,358,000	-21.4%	42,956	+1.2%	0.21%	-10.0%
FCX	Sell	Freeport McMoran Copper & Gold	$1,356,000	-58.6%	139,895	-20.4%	0.21%	-52.4%
UVV	Buy	Universal Corp.	$1,272,000	-11.2%	25,661	+2.7%	0.19%	+2.1%
T	Buy	AT&T Inc Com	$1,236,000	-1.7%	37,934	+7.1%	0.19%	+12.6%
GOLD	Sell	Barrick Gold	$1,231,000	-40.8%	193,618	-0.7%	0.19%	-31.9%
QSII	New	Quality Systems, Inc.	$1,221,000	–	97,861	–	0.19%	–
AGU	Buy	Agrium	$1,141,000	-14.6%	12,748	+1.1%	0.17%	-2.2%
NEM	Buy	Newmont Mining Corp Holding Co.	$1,117,000	+9.2%	69,478	+58.6%	0.17%	+25.0%
CAH	Buy	Cardinal Health	$1,110,000	+0.9%	14,447	+9.9%	0.17%	+15.8%
E	Sell	ENI SPA ADR	$1,055,000	-13.8%	33,631	-2.2%	0.16%	-1.2%
SSINQ	New	Stage Stores	$923,000	–	93,849	–	0.14%	–
CSX	Buy	CSX	$891,000	-17.3%	33,124	+0.5%	0.14%	-4.9%
DOFSQ	Sell	Diamond Offshore	$893,000	-34.0%	51,641	-1.5%	0.14%	-24.4%
CHK	Sell	Chesapeake Energy	$782,000	-37.2%	106,677	-4.4%	0.12%	-28.3%
RYN	Buy	Rayonier	$762,000	-12.3%	34,510	+1.5%	0.12%	0.0%
DBC	Sell	PowerShares DB Commodity Fundetf	$677,000	-42.9%	44,678	-32.2%	0.10%	-34.8%
RWM	New	ProShares Short Russell2000etf	$650,000	–	10,000	–	0.10%	–
TDW	Buy	Tidewater	$594,000	-34.5%	45,221	+13.3%	0.09%	-24.8%
TIP	Sell	iShares Barclays TIPS Bondetf	$424,000	-29.1%	3,831	-28.3%	0.06%	-17.7%
VNQI	Sell	Vanguard Global ex-U.S. Real Estate ETFetf	$394,000	-38.1%	7,736	-32.7%	0.06%	-29.4%
FM	Sell	iShares MSCI Frontier 100etf	$368,000	-41.4%	14,624	-31.9%	0.06%	-32.5%
ATVI	Sell	Activision Blizzard	$366,000	-95.5%	11,864	-96.5%	0.06%	-94.8%
FXL	Sell	First Trust Technologyetf	$302,000	-52.1%	9,550	-46.4%	0.05%	-45.2%
FSZ	Sell	First Trust Switzerland AlphaDEX Fundetf	$254,000	-28.0%	6,806	-22.6%	0.04%	-17.0%
FTW	Sell	First Trust Taiwan AlphaDEX Fundetf	$249,000	-29.9%	8,297	-11.4%	0.04%	-19.1%
DZK	Sell	Direxion Daily Dev Mkts Bull 3X Shrsetf	$211,000	-56.0%	4,576	-37.7%	0.03%	-50.0%
SOUHY	Sell	South32 Ltd	$77,000	-30.6%	16,100	-2.6%	0.01%	-20.0%
RYAM	Sell	Rayonier Advanced Materials	$63,000	-64.6%	10,256	-6.1%	0.01%	-58.3%
DNRCQ	Exit	Denbury Resources	$0	–	-11,405	–	-0.01%	–
EDC	Exit	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$0	–	-13,456	–	-0.04%	–
SPXL	Exit	Direxion Daily S&P500 Bull 3X Sharesetf	$0	–	-4,206	–	-0.05%	–
PGNPQ	Exit	Paragon Offshore	$0	–	-419,770	–	-0.06%	–
RWM	Exit	ProShares Short Russell2000etf	$0	–	-10,750	–	-0.08%	–
EWM	Exit	iShares MSCI Malaysia Index Fundetf	$0	–	-239,426	–	-0.38%	–
FL	Exit	Foot Locker	$0	–	-47,566	–	-0.42%	–
XLE	Exit	Energy Select Sector SPDRetf	$0	–	-49,603	–	-0.50%	–
RSX	Exit	Market Vectors Russia ETFetf	$0	–	-305,900	–	-0.74%	–

Q2 2015

			Value		Shares		↓ Weighting
SJNK	New	SPDR Barclays Short Term High Yield Bondetf	$23,394,000	–	809,193	–	3.11%	–
VCIT	New	Vanguard Interm-Tm Corp Bond Index ETFetf	$17,137,000	–	200,901	–	2.28%	–
BND	New	Vanguard Total Bond Market ETFetf	$15,765,000	–	194,008	–	2.10%	–
AET	New	Aetna	$13,197,000	–	103,536	–	1.75%	–
HYEM	New	Market Vectors Emerging Markets High Yield Bond ETFetf	$12,892,000	–	534,952	–	1.71%	–
DIS	New	Disney, Walt	$12,671,000	–	111,011	–	1.68%	–
AAPL	New	Apple Computer	$12,245,000	–	97,631	–	1.63%	–
MBB	New	iShares Barclays MBS Bondetf	$11,599,000	–	106,782	–	1.54%	–
RCL	New	Royal Caribbean Cruises	$11,429,000	–	145,235	–	1.52%	–
HYS	New	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$11,364,000	–	113,786	–	1.51%	–
MAN	New	Manpower Inc.	$9,921,000	–	110,998	–	1.32%	–
JPM	New	JP Morgan Chase	$9,265,000	–	136,733	–	1.23%	–
ADM	New	Archer-Daniels-Midland	$9,205,000	–	190,891	–	1.22%	–
MSFT	New	Microsoft	$8,991,000	–	203,645	–	1.20%	–
AMGN	New	Amgen	$8,974,000	–	58,453	–	1.19%	–
CSCO	New	Cisco Systems	$8,876,000	–	323,240	–	1.18%	–
CMCSA	New	Comcast Corp CL A	$8,641,000	–	143,676	–	1.15%	–
CE	New	Celanese Corp	$8,636,000	–	120,145	–	1.15%	–
ETN	New	Eaton Corp PLC	$8,450,000	–	125,210	–	1.12%	–
PRU	New	Prudential	$8,342,000	–	95,317	–	1.11%	–
MDC	New	MDC Holdings	$8,122,000	–	271,020	–	1.08%	–
ATVI	New	Activision Blizzard	$8,122,000	–	335,488	–	1.08%	–
INTC	New	Intel	$7,977,000	–	262,284	–	1.06%	–
NTTYY	New	Nippon Telegraph and Telephone	$7,978,000	–	219,840	–	1.06%	–
FLOT	New	iShares Floating Rate Noteetf	$7,606,000	–	150,193	–	1.01%	–
GLW	New	Corning	$7,430,000	–	376,580	–	0.99%	–
NSC	New	Norfolk Southern	$7,390,000	–	84,593	–	0.98%	–
BAX	New	Baxter International	$7,294,000	–	104,306	–	0.97%	–
WM	New	Waste Management	$7,292,000	–	157,331	–	0.97%	–
BSV	New	Vanguard Short-Term Bond ETFetf	$7,242,000	–	90,312	–	0.96%	–
SYMC	New	Symantec	$7,149,000	–	307,492	–	0.95%	–
TSN	New	Tyson Foods	$7,138,000	–	167,436	–	0.95%	–
AEO	New	American Eagle Outfitters	$6,994,000	–	406,129	–	0.93%	–
BK	New	Bank of NY Mellon Corp.	$6,910,000	–	164,643	–	0.92%	–
NVDA	New	Nvidia	$6,898,000	–	343,028	–	0.92%	–
COF	New	Capital One Financial	$6,802,000	–	77,319	–	0.90%	–
DE	New	Deere & Co.	$6,769,000	–	69,751	–	0.90%	–
GT	New	Goodyear Tire	$6,741,000	–	223,592	–	0.90%	–
GILD	New	Gilead Sciences	$6,714,000	–	57,343	–	0.89%	–
SNY	New	Sanofi	$6,547,000	–	132,190	–	0.87%	–
BMR	New	BioMed Realty	$6,536,000	–	337,975	–	0.87%	–
EMHY	New	iShares Emerging Markets High Yield Bondetf	$6,485,000	–	135,142	–	0.86%	–
WFC	New	Wells Fargo & Co.	$6,457,000	–	114,805	–	0.86%	–
TGT	New	Target	$6,454,000	–	79,070	–	0.86%	–
COH	New	Coach	$6,431,000	–	185,816	–	0.86%	–
ORCL	New	Oracle	$6,380,000	–	158,308	–	0.85%	–
HFC	New	HollyFrontier Corp	$6,364,000	–	149,081	–	0.85%	–
MET	New	Metlife	$6,188,000	–	110,516	–	0.82%	–
JNJ	New	Johnson & Johnson	$6,183,000	–	63,439	–	0.82%	–
IBM	New	Int'l Business Machines	$6,101,000	–	37,506	–	0.81%	–
CA	New	CA Inc.	$6,079,000	–	207,544	–	0.81%	–
EWY	New	iShares MSCI South Korea Indexetf	$6,009,000	–	109,040	–	0.80%	–
STX	New	Seagate Tech	$5,987,000	–	126,039	–	0.80%	–
BHI	New	Baker Hughes	$5,958,000	–	96,571	–	0.79%	–
EWH	New	iShares MSCI Hong Kong Indexetf	$5,953,000	–	263,861	–	0.79%	–
WHR	New	Whirpool	$5,936,000	–	34,300	–	0.79%	–
KSS	New	Kohl's	$5,930,000	–	94,718	–	0.79%	–
EMB	New	iShares JPMorgan USD Emerg Markets Bondetf	$5,923,000	–	53,884	–	0.79%	–
AXS	New	Axis Capital	$5,907,000	–	110,687	–	0.78%	–
EWP	New	iShares MSCI Spain Capped Indexetf	$5,875,000	–	175,103	–	0.78%	–
EWT	New	iShares MSCI Taiwan Indexetf	$5,771,000	–	365,701	–	0.77%	–
PNC	New	PNC Bank	$5,738,000	–	59,988	–	0.76%	–
CAT	New	Caterpillar	$5,707,000	–	67,288	–	0.76%	–
BHE	New	Benchmark Electronics	$5,689,000	–	261,211	–	0.76%	–
WMT	New	Wal-Mart Stores	$5,680,000	–	80,078	–	0.76%	–
BRCD	New	Brocade Communications Systems	$5,681,000	–	478,192	–	0.76%	–
RSX	New	Market Vectors Russia ETFetf	$5,592,000	–	305,900	–	0.74%	–
EWL	New	iShares MSCI Switzerland Indexetf	$5,552,000	–	169,534	–	0.74%	–
BRSWQ	New	Bristow Group Inc	$5,511,000	–	103,400	–	0.73%	–
MOS	New	Mosaic Company New	$5,490,000	–	117,178	–	0.73%	–
HYLS	New	First Trust Tactical High Yieldetf	$5,455,000	–	109,162	–	0.72%	–
ERIC	New	Ericsson	$5,375,000	–	514,844	–	0.71%	–
XOM	New	Exxon Mobil	$5,264,000	–	63,268	–	0.70%	–
SPLS	New	Staples	$5,260,000	–	343,592	–	0.70%	–
BBT	New	BB&T Corporation	$5,158,000	–	127,964	–	0.69%	–
LXK	New	Lexmark International	$5,164,000	–	116,842	–	0.69%	–
TPC	New	Tutor Perini Corp	$5,075,000	–	235,178	–	0.68%	–
ONB	New	Old National Bancorp	$4,913,000	–	339,787	–	0.65%	–
NM	New	Navios Maritime Holdings Inc.	$4,575,000	–	1,229,963	–	0.61%	–
CM	New	Canadian Imperial Bank of Commerce (CIBC)	$4,497,000	–	61,007	–	0.60%	–
ABT	New	Abbott Laboratories	$4,494,000	–	91,559	–	0.60%	–
IM	New	Ingram Micro	$4,376,000	–	174,817	–	0.58%	–
FLR	New	Fluor	$4,154,000	–	78,370	–	0.55%	–
GS	New	Goldman Sachs Group	$4,085,000	–	19,563	–	0.54%	–
ETR	New	Entergy	$3,982,000	–	56,486	–	0.53%	–
MRVL	New	Marvell Tech	$3,861,000	–	292,858	–	0.51%	–
XLU	New	Utilities Select Sector SPDRetf	$3,775,000	–	91,046	–	0.50%	–
XLE	New	Energy Select Sector SPDRetf	$3,728,000	–	49,603	–	0.50%	–
SFL	New	Ship Finance Int'l	$3,699,000	–	226,663	–	0.49%	–
FTSM	New	First Trust Enhanced Short Maturityetf	$3,651,000	–	60,837	–	0.48%	–
HAL	New	Halliburton Co.	$3,582,000	–	83,165	–	0.48%	–
TRN	New	Trinity Industries	$3,549,000	–	134,289	–	0.47%	–
CWT	New	California Water Service	$3,426,000	–	149,945	–	0.46%	–
MRO	New	Marathon Oil	$3,338,000	–	125,758	–	0.44%	–
RDSA	New	Royal Dutch Shell A	$3,319,000	–	58,217	–	0.44%	–
EPU	New	iShares MSCI All Peru Capped Index Fundetf	$3,293,000	–	112,940	–	0.44%	–
FCX	New	Freeport McMoran Copper & Gold	$3,274,000	–	175,806	–	0.44%	–
AUY	New	Yamana Gold	$3,273,000	–	1,090,955	–	0.44%	–
FL	New	Foot Locker	$3,187,000	–	47,566	–	0.42%	–
XLK	New	Technology Select Sector SPDRetf	$3,099,000	–	74,857	–	0.41%	–
TTE	New	Total SA ADR	$3,002,000	–	61,051	–	0.40%	–
EWS	New	iShares MSCI Singapore Indexetf	$2,997,000	–	238,432	–	0.40%	–
EWM	New	iShares MSCI Malaysia Index Fundetf	$2,899,000	–	239,426	–	0.38%	–
GXG	New	Global X FTSE Colombia 20 ETFetf	$2,873,000	–	269,001	–	0.38%	–
ESV	New	Ensco PLC	$2,876,000	–	129,144	–	0.38%	–
APA	New	Apache	$2,850,000	–	49,448	–	0.38%	–
CS	New	Credit Suisse Group	$2,612,000	–	94,637	–	0.35%	–
PFE	New	Pfizer	$2,450,000	–	73,071	–	0.33%	–
PETS	New	PetMed Express	$2,447,000	–	141,715	–	0.32%	–
GOLD	New	Barrick Gold	$2,079,000	–	195,074	–	0.28%	–
HSBC	New	HSBC Holdings PLC	$2,072,000	–	46,250	–	0.28%	–
GE	New	General Electric Co.	$2,068,000	–	77,842	–	0.28%	–
QCOM	New	Qualcomm	$2,036,000	–	32,510	–	0.27%	–
JBL	New	Jabil Circuit	$1,941,000	–	91,186	–	0.26%	–
AVX	New	AVX Corp	$1,862,000	–	138,309	–	0.25%	–
TNP	New	Tsakos Energy	$1,818,000	–	190,729	–	0.24%	–
KEY	New	Keycorp	$1,744,000	–	116,097	–	0.23%	–
BHP	New	BHP Billiton	$1,728,000	–	42,455	–	0.23%	–
TRV	New	The Travelers Companies	$1,601,000	–	16,565	–	0.21%	–
KMB	New	Kimberly Clark	$1,529,000	–	14,424	–	0.20%	–
HMC	New	Honda Motor	$1,519,000	–	46,873	–	0.20%	–
ALL	New	Allstate	$1,522,000	–	23,468	–	0.20%	–
ANH	New	Anworth Mortgage Asset Corp	$1,501,000	–	304,404	–	0.20%	–
MDT	New	Medtronic PLC	$1,508,000	–	20,357	–	0.20%	–
UVV	New	Universal Corp.	$1,433,000	–	24,996	–	0.19%	–
DOFSQ	New	Diamond Offshore	$1,353,000	–	52,423	–	0.18%	–
AGU	New	Agrium	$1,336,000	–	12,610	–	0.18%	–
T	New	AT&T Inc Com	$1,258,000	–	35,430	–	0.17%	–
CHK	New	Chesapeake Energy	$1,246,000	–	111,565	–	0.17%	–
E	New	ENI SPA ADR	$1,224,000	–	34,399	–	0.16%	–
DBC	New	PowerShares DB Commodity Fundetf	$1,186,000	–	65,862	–	0.16%	–
CAH	New	Cardinal Health	$1,100,000	–	13,147	–	0.15%	–
CSX	New	CSX	$1,077,000	–	32,974	–	0.14%	–
ARII	New	American Railcar	$1,030,000	–	21,172	–	0.14%	–
NEM	New	Newmont Mining Corp Holding Co.	$1,023,000	–	43,804	–	0.14%	–
TDW	New	Tidewater	$907,000	–	39,906	–	0.12%	–
RYN	New	Rayonier	$869,000	–	34,007	–	0.12%	–
VNQI	New	Vanguard Global ex-U.S. Real Estate ETFetf	$637,000	–	11,493	–	0.08%	–
FXL	New	First Trust Technologyetf	$630,000	–	17,826	–	0.08%	–
FM	New	iShares MSCI Frontier 100etf	$628,000	–	21,459	–	0.08%	–
RWM	New	ProShares Short Russell2000etf	$623,000	–	10,750	–	0.08%	–
TIP	New	iShares Barclays TIPS Bondetf	$598,000	–	5,340	–	0.08%	–
DZK	New	Direxion Daily Dev Mkts Bull 3X Shrsetf	$480,000	–	7,343	–	0.06%	–
PGNPQ	New	Paragon Offshore	$458,000	–	419,770	–	0.06%	–
DIOD	New	Diodes	$430,000	–	17,855	–	0.06%	–
SPXL	New	Direxion Daily S&P500 Bull 3X Sharesetf	$370,000	–	4,206	–	0.05%	–
FTW	New	First Trust Taiwan AlphaDEX Fundetf	$355,000	–	9,362	–	0.05%	–
FSZ	New	First Trust Switzerland AlphaDEX Fundetf	$353,000	–	8,790	–	0.05%	–
EDC	New	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$307,000	–	13,456	–	0.04%	–
RYAM	New	Rayonier Advanced Materials	$178,000	–	10,918	–	0.02%	–
SOUHY	New	South32 Ltd	$111,000	–	16,523	–	0.02%	–
DNRCQ	New	Denbury Resources	$73,000	–	11,405	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
TNA	Exit	Direxion Daily Small Cap Bull 3X Sharesetf	$0	–	-3,429	–	-0.03%	–
DRN	Exit	Direxion Daily Real Estate Bull 3X Shrsetf	$0	–	-6,314	–	-0.04%	–
MIDU	Exit	Direxion Daily Mid Cap Bull 3X Sharesetf	$0	–	-4,312	–	-0.04%	–
DIOD	Exit	Diodes	$0	–	-20,980	–	-0.06%	–
RYAM	Exit	Rayonier Advanced Materials	$0	–	-16,798	–	-0.07%	–
SPXL	Exit	Direxion Daily S&P500 Bull 3X Sharesetf	$0	–	-9,321	–	-0.09%	–
IAU	Exit	iShares Gold Trustetf	$0	–	-62,507	–	-0.09%	–
EDC	Exit	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$0	–	-28,209	–	-0.10%	–
DBA	Exit	PowerShares DB Agriculture Fundetf	$0	–	-29,868	–	-0.10%	–
RWM	Exit	ProShares Short Russell2000etf	$0	–	-49,300	–	-0.11%	–
VNQI	Exit	Vanguard Global ex-U.S. Real Estate ETFetf	$0	–	-16,009	–	-0.11%	–
TDW	Exit	Tidewater	$0	–	-22,550	–	-0.11%	–
DBB	Exit	PowerShares DB Base Metals Fundetf	$0	–	-55,059	–	-0.12%	–
CSX	Exit	CSX	$0	–	-30,329	–	-0.12%	–
AMSWA	Exit	American Software	$0	–	-114,349	–	-0.13%	–
AGU	Exit	Agrium	$0	–	-12,010	–	-0.14%	–
TIP	Exit	iShares Barclays TIPS Bondetf	$0	–	-9,475	–	-0.14%	–
NEM	Exit	Newmont Mining Corp Holding Co.	$0	–	-50,327	–	-0.15%	–
SNY	Exit	Sanofi	$0	–	-20,665	–	-0.15%	–
MDT	Exit	Medtronic	$0	–	-19,152	–	-0.15%	–
DZK	Exit	Direxion Daily Dev Mkts Bull 3X Shrsetf	$0	–	-18,237	–	-0.15%	–
HMC	Exit	Honda Motor	$0	–	-38,113	–	-0.17%	–
TNP	Exit	Tsakos Energy	$0	–	-207,546	–	-0.17%	–
ANH	Exit	Anworth Mortgage Asset Corp	$0	–	-278,022	–	-0.17%	–
TRV	Exit	The Travelers Companies	$0	–	-14,583	–	-0.17%	–
KEY	Exit	Keycorp	$0	–	-103,235	–	-0.17%	–
ALL	Exit	Allstate	$0	–	-22,732	–	-0.18%	–
CAH	Exit	Cardinal Health	$0	–	-18,793	–	-0.18%	–
KMB	Exit	Kimberly Clark	$0	–	-13,522	–	-0.18%	–
RYN	Exit	Rayonier	$0	–	-49,555	–	-0.20%	–
AVX	Exit	AVX Corp	$0	–	-123,077	–	-0.21%	–
NYCB	Exit	New York Community	$0	–	-104,844	–	-0.21%	–
JBL	Exit	Jabil Circuit	$0	–	-85,181	–	-0.22%	–
GE	Exit	General Electric Co.	$0	–	-72,514	–	-0.24%	–
PETS	Exit	PetMed Express	$0	–	-136,162	–	-0.24%	–
DOFSQ	Exit	Diamond Offshore	$0	–	-54,113	–	-0.24%	–
SPTN	Exit	SpartanNash Co	$0	–	-98,133	–	-0.24%	–
AUY	Exit	Yamana Gold	$0	–	-319,403	–	-0.24%	–
PFE	Exit	Pfizer	$0	–	-67,724	–	-0.25%	–
PEP	Exit	Pepsico	$0	–	-22,498	–	-0.26%	–
HSBC	Exit	HSBC Holdings PLC	$0	–	-45,344	–	-0.29%	–
BHP	Exit	BHP Billiton	$0	–	-39,554	–	-0.30%	–
CHK	Exit	Chesapeake Energy	$0	–	-112,835	–	-0.33%	–
FL	Exit	Foot Locker	$0	–	-47,037	–	-0.33%	–
E	Exit	ENI SPA ADR	$0	–	-58,330	–	-0.35%	–
CS	Exit	Credit Suisse Group	$0	–	-99,921	–	-0.35%	–
PGNPQ	Exit	Paragon Offshore	$0	–	-478,523	–	-0.37%	–
EWS	Exit	iShares MSCI Singapore Indexetf	$0	–	-236,257	–	-0.40%	–
TWI	Exit	Titan International	$0	–	-271,199	–	-0.41%	–
CWT	Exit	California Water Service	$0	–	-147,120	–	-0.42%	–
GS	Exit	Goldman Sachs Group	$0	–	-19,767	–	-0.46%	–
ABT	Exit	Abbott Laboratories	$0	–	-89,801	–	-0.47%	–
SFL	Exit	Ship Finance Int'l	$0	–	-221,304	–	-0.47%	–
GOLD	Exit	Barrick Gold	$0	–	-261,133	–	-0.48%	–
MRVL	Exit	Marvell Tech	$0	–	-287,768	–	-0.49%	–
ONB	Exit	Old National Bancorp	$0	–	-302,313	–	-0.50%	–
TTE	Exit	Total SA ADR	$0	–	-62,058	–	-0.51%	–
RDSA	Exit	Royal Dutch Shell A	$0	–	-54,302	–	-0.52%	–
SPLS	Exit	Staples	$0	–	-347,678	–	-0.53%	–
ETR	Exit	Entergy	$0	–	-54,829	–	-0.54%	–
FLR	Exit	Fluor	$0	–	-65,855	–	-0.56%	–
IM	Exit	Ingram Micro	$0	–	-173,868	–	-0.57%	–
ESV	Exit	Ensco PLC	$0	–	-109,455	–	-0.57%	–
LXK	Exit	Lexmark International	$0	–	-107,349	–	-0.58%	–
PETM	Exit	PetSmart	$0	–	-67,087	–	-0.60%	–
TGT	Exit	Target	$0	–	-76,366	–	-0.61%	–
BBT	Exit	BB&T Corporation	$0	–	-129,602	–	-0.61%	–
IGT	Exit	Int'l Game Technology	$0	–	-288,179	–	-0.62%	–
APA	Exit	Apache	$0	–	-53,402	–	-0.64%	–
PNC	Exit	PNC Bank	$0	–	-58,620	–	-0.64%	–
MOS	Exit	Mosaic Company New	$0	–	-113,584	–	-0.64%	–
AXS	Exit	Axis Capital	$0	–	-107,331	–	-0.64%	–
JNJ	Exit	Johnson & Johnson	$0	–	-47,934	–	-0.65%	–
HAL	Exit	Halliburton Co.	$0	–	-80,269	–	-0.66%	–
BRCD	Exit	Brocade Communications Systems	$0	–	-477,955	–	-0.66%	–
MDC	Exit	MDC Holdings	$0	–	-206,366	–	-0.66%	–
CM	Exit	Canadian Imperial Bank of Commerce (CIBC)	$0	–	-59,817	–	-0.68%	–
FCX	Exit	Freeport McMoran Copper & Gold	$0	–	-168,111	–	-0.70%	–
DE	Exit	Deere & Co.	$0	–	-67,670	–	-0.70%	–
CA	Exit	CA Inc.	$0	–	-202,029	–	-0.72%	–
MET	Exit	Metlife	$0	–	-106,265	–	-0.72%	–
BHE	Exit	Benchmark Electronics	$0	–	-257,952	–	-0.73%	–
KSS	Exit	Kohl's	$0	–	-94,413	–	-0.73%	–
XOM	Exit	Exxon Mobil	$0	–	-61,644	–	-0.74%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-90,327	–	-0.74%	–
WMT	Exit	Wal-Mart Stores	$0	–	-76,928	–	-0.75%	–
RSX	Exit	Market Vectors Russia ETFetf	$0	–	-266,228	–	-0.76%	–
ORCL	Exit	Oracle	$0	–	-155,732	–	-0.76%	–
AEO	Exit	American Eagle Outfitters	$0	–	-410,981	–	-0.76%	–
TPC	Exit	Tutor Perini Corp	$0	–	-229,170	–	-0.77%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-116,905	–	-0.77%	–
MRO	Exit	Marathon Oil	$0	–	-161,844	–	-0.77%	–
COF	Exit	Capital One Financial	$0	–	-75,043	–	-0.78%	–
CAG	Exit	Conagra Foods	$0	–	-185,500	–	-0.78%	–
NVDA	Exit	Nvidia	$0	–	-338,797	–	-0.79%	–
BHI	Exit	Baker Hughes	$0	–	-96,125	–	-0.79%	–
HFC	Exit	HollyFrontier Corp	$0	–	-143,610	–	-0.80%	–
ERIC	Exit	Ericsson	$0	–	-498,117	–	-0.80%	–
BK	Exit	Bank of NY Mellon Corp.	$0	–	-164,590	–	-0.81%	–
BMR	Exit	BioMed Realty	$0	–	-317,003	–	-0.81%	–
NM	Exit	Navios Maritime Holdings Inc.	$0	–	-1,070,881	–	-0.81%	–
COH	Exit	Coach	$0	–	-181,399	–	-0.82%	–
TSN	Exit	Tyson Foods	$0	–	-164,296	–	-0.82%	–
CAT	Exit	Caterpillar	$0	–	-65,521	–	-0.82%	–
STJ	Exit	St. Jude Medical	$0	–	-111,888	–	-0.85%	–
IBM	Exit	Int'l Business Machines	$0	–	-35,728	–	-0.86%	–
BRSWQ	Exit	Bristow Group Inc	$0	–	-101,575	–	-0.86%	–
NTTYY	Exit	Nippon Telegraph and Telephone	$0	–	-220,466	–	-0.87%	–
CE	Exit	Celanese Corp	$0	–	-120,119	–	-0.89%	–
ATVI	Exit	Activision Blizzard	$0	–	-339,212	–	-0.89%	–
SYMC	Exit	Symantec	$0	–	-300,529	–	-0.90%	–
STX	Exit	Seagate Tech	$0	–	-123,900	–	-0.90%	–
GLW	Exit	Corning	$0	–	-373,356	–	-0.92%	–
BAX	Exit	Baxter International	$0	–	-101,959	–	-0.93%	–
PRU	Exit	Prudential	$0	–	-85,124	–	-0.95%	–
WM	Exit	Waste Management	$0	–	-164,945	–	-0.99%	–
MAN	Exit	Manpower Inc.	$0	–	-112,109	–	-1.00%	–
ETN	Exit	Eaton Corp PLC	$0	–	-124,595	–	-1.00%	–
NVS	Exit	Novartis	$0	–	-84,337	–	-1.01%	–
AMGN	Exit	Amgen	$0	–	-56,921	–	-1.01%	–
CSCO	Exit	Cisco Systems	$0	–	-321,049	–	-1.02%	–
CMCSA	Exit	Comcast Corp CL A	$0	–	-152,194	–	-1.04%	–
JPM	Exit	JP Morgan Chase	$0	–	-136,312	–	-1.04%	–
EMLC	Exit	Market Vectors EM Local Curr Bond ETFetf	$0	–	-362,094	–	-1.05%	–
WHR	Exit	Whirpool	$0	–	-61,031	–	-1.13%	–
AET	Exit	Aetna	$0	–	-111,951	–	-1.15%	–
INTC	Exit	Intel	$0	–	-261,337	–	-1.15%	–
ADM	Exit	Archer-Daniels-Midland	$0	–	-189,697	–	-1.23%	–
EMHY	Exit	iShares Emerging Markets High Yield Bondetf	$0	–	-191,405	–	-1.23%	–
NSC	Exit	Norfolk Southern	$0	–	-87,428	–	-1.24%	–
MSFT	Exit	Microsoft	$0	–	-210,542	–	-1.24%	–
AAPL	Exit	Apple Computer	$0	–	-98,990	–	-1.26%	–
RCL	Exit	Royal Caribbean Cruises	$0	–	-152,999	–	-1.30%	–
DIS	Exit	Disney, Walt	$0	–	-119,387	–	-1.35%	–
HYS	Exit	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$0	–	-173,879	–	-2.28%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bond Index ETFetf	$0	–	-213,917	–	-2.32%	–
MBB	Exit	iShares Barclays MBS Bondetf	$0	–	-174,722	–	-2.39%	–
HYEM	Exit	Market Vectors Emerging Markets High Yield Bond ETFetf	$0	–	-784,608	–	-2.54%	–
BSV	Exit	Vanguard Short-Term Bond ETFetf	$0	–	-369,481	–	-3.75%	–
SJNK	Exit	SPDR Barclays Short Term High Yield Bondetf	$0	–	-1,226,727	–	-4.65%	–
FLOT	Exit	iShares Floating Rate Noteetf	$0	–	-757,990	–	-4.88%	–

Q3 2014

			Value		Shares		↓ Weighting
FLOT	Buy	iShares Floating Rate Noteetf	$38,529,000	+53.0%	757,990	+52.9%	4.88%	+54.3%
SJNK	Buy	SPDR Barclays Short Term High Yield Bondetf	$36,716,000	+11.0%	1,226,727	+14.8%	4.65%	+11.9%
BSV	Buy	Vanguard Short-Term Bond ETFetf	$29,584,000	+25.5%	369,481	+25.9%	3.75%	+26.6%
HYEM	Buy	Market Vectors Emerging Markets High Yield Bond ETFetf	$20,015,000	+10.2%	784,608	+14.0%	2.54%	+11.1%
MBB	Buy	iShares Barclays MBS Bondetf	$18,889,000	+13.1%	174,722	+13.2%	2.39%	+14.1%
VCIT	Buy	Vanguard Interm-Tm Corp Bond Index ETFetf	$18,348,000	+12.6%	213,917	+13.7%	2.32%	+13.6%
HYS	Buy	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$18,023,000	+11.0%	173,879	+14.5%	2.28%	+12.0%
DIS	Sell	Disney, Walt	$10,629,000	+1.7%	119,387	-2.1%	1.35%	+2.6%
RCL	Sell	Royal Caribbean Cruises	$10,295,000	+17.1%	152,999	-3.3%	1.30%	+18.1%
AAPL	Buy	Apple Computer	$9,973,000	+8.8%	98,990	+0.3%	1.26%	+9.7%
MSFT	Sell	Microsoft	$9,761,000	+6.9%	210,542	-3.9%	1.24%	+7.8%
NSC	Sell	Norfolk Southern	$9,757,000	+7.7%	87,428	-0.6%	1.24%	+8.5%
EMHY	Buy	iShares Emerging Markets High Yield Bondetf	$9,708,000	+1.3%	191,405	+5.9%	1.23%	+2.2%
ADM	Sell	Archer-Daniels-Midland	$9,694,000	+13.0%	189,697	-2.5%	1.23%	+13.9%
INTC	Buy	Intel	$9,100,000	+13.5%	261,337	+0.7%	1.15%	+14.5%
AET	Sell	Aetna	$9,068,000	-1.2%	111,951	-1.1%	1.15%	-0.3%
WHR	Buy	Whirpool	$8,889,000	+4.8%	61,031	+0.2%	1.13%	+5.7%
EMLC	Buy	Market Vectors EM Local Curr Bond ETFetf	$8,256,000	+0.6%	362,094	+7.2%	1.05%	+1.5%
JPM	Buy	JP Morgan Chase	$8,211,000	+5.0%	136,312	+0.4%	1.04%	+5.9%
CMCSA	Sell	Comcast Corp CL A	$8,185,000	-2.2%	152,194	-2.4%	1.04%	-1.3%
CSCO	Buy	Cisco Systems	$8,081,000	+2.2%	321,049	+0.9%	1.02%	+3.1%
AMGN	Buy	Amgen	$7,995,000	+20.2%	56,921	+1.3%	1.01%	+21.2%
NVS	Buy	Novartis	$7,939,000	+4.5%	84,337	+0.5%	1.01%	+5.3%
ETN	Buy	Eaton Corp PLC	$7,896,000	-17.4%	124,595	+0.6%	1.00%	-16.7%
MAN	Sell	Manpower Inc.	$7,859,000	-17.9%	112,109	-0.7%	1.00%	-17.2%
WM	Buy	Waste Management	$7,840,000	+7.2%	164,945	+0.9%	0.99%	+8.2%
PRU	Buy	Prudential	$7,486,000	-0.4%	85,124	+0.5%	0.95%	+0.5%
BAX	Buy	Baxter International	$7,318,000	-0.0%	101,959	+0.7%	0.93%	+0.9%
GLW	Buy	Corning	$7,221,000	-10.6%	373,356	+1.4%	0.92%	-9.9%
STX	Buy	Seagate Tech	$7,096,000	+1.6%	123,900	+0.8%	0.90%	+2.4%
SYMC	Buy	Symantec	$7,065,000	+3.3%	300,529	+0.6%	0.90%	+4.2%
ATVI	Sell	Activision Blizzard	$7,052,000	-7.1%	339,212	-0.3%	0.89%	-6.2%
CE	Buy	Celanese Corp	$7,029,000	-7.8%	120,119	+1.3%	0.89%	-7.0%
NTTYY	Buy	Nippon Telegraph and Telephone	$6,859,000	-0.0%	220,466	+0.3%	0.87%	+0.8%
BRSWQ	Buy	Bristow Group Inc	$6,826,000	-15.4%	101,575	+1.5%	0.86%	-14.7%
IBM	Buy	Int'l Business Machines	$6,782,000	+5.6%	35,728	+0.8%	0.86%	+6.4%
STJ	Buy	St. Jude Medical	$6,728,000	-12.4%	111,888	+0.9%	0.85%	-11.6%
CAT	Buy	Caterpillar	$6,489,000	-7.5%	65,521	+1.5%	0.82%	-6.8%
TSN	Buy	Tyson Foods	$6,468,000	+5.5%	164,296	+0.6%	0.82%	+6.5%
COH	Buy	Coach	$6,460,000	+442.9%	181,399	+421.1%	0.82%	+449.7%
NM	Buy	Navios Maritime Holdings Inc.	$6,425,000	-36.0%	1,070,881	+8.0%	0.81%	-35.4%
BMR	Buy	BioMed Realty	$6,403,000	-6.6%	317,003	+1.0%	0.81%	-5.8%
BK	Buy	Bank of NY Mellon Corp.	$6,375,000	+3.4%	164,590	+0.1%	0.81%	+4.4%
HFC	Buy	HollyFrontier Corp	$6,273,000	+0.8%	143,610	+0.8%	0.80%	+1.7%
ERIC	Buy	Ericsson	$6,271,000	+5.4%	498,117	+1.1%	0.80%	+6.3%
BHI	Buy	Baker Hughes	$6,254,000	-11.1%	96,125	+1.8%	0.79%	-10.2%
NVDA	Buy	Nvidia	$6,251,000	+0.5%	338,797	+1.0%	0.79%	+1.3%
CAG	Buy	Conagra Foods	$6,129,000	+12.9%	185,500	+1.5%	0.78%	+13.9%
COF	Buy	Capital One Financial	$6,125,000	+0.1%	75,043	+1.3%	0.78%	+0.9%
MRO	Buy	Marathon Oil	$6,084,000	-5.7%	161,844	+0.2%	0.77%	-4.8%
WFC	Sell	Wells Fargo & Co.	$6,064,000	-3.3%	116,905	-2.1%	0.77%	-2.5%
TPC	Buy	Tutor Perini Corp	$6,050,000	-16.3%	229,170	+0.6%	0.77%	-15.5%
AEO	Sell	American Eagle Outfitters	$5,967,000	+29.1%	410,981	-0.2%	0.76%	+30.1%
RSX	Buy	Market Vectors Russia ETFetf	$5,956,000	+2.3%	266,228	+20.4%	0.76%	+3.3%
ORCL	Buy	Oracle	$5,961,000	-4.8%	155,732	+0.8%	0.76%	-4.1%
WMT	Buy	Wal-Mart Stores	$5,883,000	+3.6%	76,928	+1.7%	0.75%	+4.5%
LLY	Buy	Eli Lilly & Co.	$5,858,000	+5.0%	90,327	+0.7%	0.74%	+5.8%
XOM	Buy	Exxon Mobil	$5,798,000	-5.2%	61,644	+1.5%	0.74%	-4.3%
KSS	Buy	Kohl's	$5,762,000	+18.4%	94,413	+2.2%	0.73%	+19.5%
BHE	Buy	Benchmark Electronics	$5,729,000	-11.7%	257,952	+1.3%	0.73%	-10.9%
MET	Buy	Metlife	$5,709,000	-2.3%	106,265	+1.1%	0.72%	-1.5%
CA	Buy	CA Inc.	$5,645,000	+292.3%	202,029	+303.4%	0.72%	+295.0%
DE	Buy	Deere & Co.	$5,548,000	-8.3%	67,670	+1.3%	0.70%	-7.5%
FCX	Buy	Freeport McMoran Copper & Gold	$5,489,000	-10.2%	168,111	+0.4%	0.70%	-9.4%
CM	Buy	Canadian Imperial Bank of Commerce (CIBC)	$5,375,000	-0.4%	59,817	+0.9%	0.68%	+0.4%
MDC	Sell	MDC Holdings	$5,225,000	-16.8%	206,366	-0.4%	0.66%	-16.1%
BRCD	Buy	Brocade Communications Systems	$5,195,000	+20.9%	477,955	+2.3%	0.66%	+21.9%
HAL	Buy	Halliburton Co.	$5,178,000	-3.7%	80,269	+6.0%	0.66%	-2.8%
JNJ	Buy	Johnson & Johnson	$5,109,000	+5.0%	47,934	+3.1%	0.65%	+5.9%
AXS	New	Axis Capital	$5,080,000	–	107,331	–	0.64%	–
MOS	Buy	Mosaic Company New	$5,044,000	-9.5%	113,584	+0.8%	0.64%	-8.7%
PNC	Buy	PNC Bank	$5,017,000	-3.0%	58,620	+0.9%	0.64%	-2.2%
APA	Buy	Apache	$5,013,000	-6.1%	53,402	+0.7%	0.64%	-5.2%
IGT	Sell	Int'l Game Technology	$4,862,000	-12.0%	288,179	-17.0%	0.62%	-11.2%
BBT	Buy	BB&T Corporation	$4,822,000	-5.3%	129,602	+0.3%	0.61%	-4.5%
TGT	Buy	Target	$4,787,000	+9.2%	76,366	+0.9%	0.61%	+10.2%
PETM	Buy	PetSmart	$4,702,000	+17.6%	67,087	+0.3%	0.60%	+18.5%
LXK	Buy	Lexmark International	$4,562,000	-11.2%	107,349	+0.7%	0.58%	-10.4%
ESV	Sell	Ensco PLC	$4,522,000	-27.3%	109,455	-2.2%	0.57%	-26.6%
IM	Buy	Ingram Micro	$4,488,000	-11.4%	173,868	+0.3%	0.57%	-10.5%
FLR	New	Fluor	$4,398,000	–	65,855	–	0.56%	–
ETR	Buy	Entergy	$4,240,000	-4.4%	54,829	+1.5%	0.54%	-3.6%
SPLS	Sell	Staples	$4,207,000	+8.6%	347,678	-2.7%	0.53%	+9.4%
RDSA	Buy	Royal Dutch Shell A	$4,134,000	-6.6%	54,302	+1.0%	0.52%	-5.8%
TTE	Buy	Total SA ADR	$4,000,000	-10.1%	62,058	+0.7%	0.51%	-9.3%
ONB	Buy	Old National Bancorp	$3,921,000	-5.8%	302,313	+3.7%	0.50%	-5.0%
MRVL	Buy	Marvell Tech	$3,879,000	-4.5%	287,768	+1.6%	0.49%	-3.5%
GOLD	Buy	Barrick Gold	$3,828,000	-19.4%	261,133	+0.7%	0.48%	-18.6%
SFL	Buy	Ship Finance Int'l	$3,744,000	-8.9%	221,304	+0.1%	0.47%	-8.1%
ABT	Buy	Abbott Laboratories	$3,735,000	+2.1%	89,801	+0.4%	0.47%	+2.8%
GS	Buy	Goldman Sachs Group	$3,629,000	+11.1%	19,767	+1.4%	0.46%	+12.2%
CWT	Sell	California Water Service	$3,301,000	-7.7%	147,120	-0.5%	0.42%	-6.9%
TWI	Sell	Titan International	$3,206,000	-32.6%	271,199	-4.1%	0.41%	-32.0%
EWS	Sell	iShares MSCI Singapore Indexetf	$3,152,000	-46.9%	236,257	-46.1%	0.40%	-46.4%
PGNPQ	New	Paragon Offshore	$2,943,000	–	478,523	–	0.37%	–
CS	Sell	Credit Suisse Group	$2,762,000	-20.6%	99,921	-18.5%	0.35%	-19.9%
E	Sell	ENI SPA ADR	$2,756,000	-14.0%	58,330	-0.1%	0.35%	-13.4%
FL	Sell	Foot Locker	$2,618,000	+8.3%	47,037	-1.3%	0.33%	+9.2%
CHK	Buy	Chesapeake Energy	$2,594,000	-24.8%	112,835	+1.7%	0.33%	-24.0%
BHP	Buy	BHP Billiton	$2,329,000	-13.7%	39,554	+0.3%	0.30%	-13.0%
HSBC	Buy	HSBC Holdings PLC	$2,307,000	+3.7%	45,344	+3.5%	0.29%	+4.3%
PEP	Buy	Pepsico	$2,094,000	+4.5%	22,498	+0.3%	0.26%	+5.2%
PFE	Buy	Pfizer	$2,003,000	+1.3%	67,724	+1.7%	0.25%	+2.4%
AUY	Buy	Yamana Gold	$1,916,000	-26.8%	319,403	+0.3%	0.24%	-26.1%
SPTN	Buy	SpartanNash Co	$1,909,000	-7.0%	98,133	+0.4%	0.24%	-6.2%
GE	Buy	General Electric Co.	$1,858,000	+25.5%	72,514	+28.8%	0.24%	+26.3%
DOFSQ	Sell	Diamond Offshore	$1,854,000	-33.6%	54,113	-3.8%	0.24%	-33.0%
PETS	Buy	PetMed Express	$1,852,000	+3.3%	136,162	+2.4%	0.24%	+4.4%
JBL	Buy	Jabil Circuit	$1,718,000	-0.9%	85,181	+2.7%	0.22%	0.0%
NYCB	Buy	New York Community	$1,664,000	+1.7%	104,844	+2.4%	0.21%	+2.4%
AVX	Buy	AVX Corp	$1,634,000	+4.9%	123,077	+5.0%	0.21%	+5.6%
RYN	Buy	Rayonier	$1,543,000	-11.7%	49,555	+0.8%	0.20%	-10.5%
KMB	Buy	Kimberly Clark	$1,455,000	+7.9%	13,522	+11.6%	0.18%	+8.9%
CAH	Buy	Cardinal Health	$1,408,000	+13.0%	18,793	+3.4%	0.18%	+13.4%
ALL	Buy	Allstate	$1,395,000	+6.0%	22,732	+1.4%	0.18%	+7.3%
TRV	Buy	The Travelers Companies	$1,370,000	+4.2%	14,583	+4.3%	0.17%	+5.5%
KEY	Buy	Keycorp	$1,376,000	-5.8%	103,235	+1.3%	0.17%	-4.9%
ANH	Buy	Anworth Mortgage Asset Corp	$1,332,000	-6.6%	278,022	+0.6%	0.17%	-5.6%
TNP	Buy	Tsakos Energy	$1,324,000	-3.6%	207,546	+1.1%	0.17%	-2.3%
HMC	New	Honda Motor	$1,307,000	–	38,113	–	0.17%	–
DZK	Buy	Direxion Daily Dev Mkts Bull 3X Shrsetf	$1,218,000	-1.3%	18,237	+21.2%	0.15%	-0.6%
MDT	Buy	Medtronic	$1,186,000	-2.1%	19,152	+0.7%	0.15%	-1.3%
SNY	Buy	Sanofi	$1,166,000	+7.8%	20,665	+1.6%	0.15%	+8.8%
NEM	Sell	Newmont Mining Corp Holding Co.	$1,160,000	-9.4%	50,327	-0.0%	0.15%	-8.7%
AGU	Buy	Agrium	$1,069,000	+2.1%	12,010	+5.1%	0.14%	+2.3%
TIP	Buy	iShares Barclays TIPS Bondetf	$1,062,000	+5.0%	9,475	+8.1%	0.14%	+6.3%
AMSWA	Sell	American Software	$1,009,000	-10.8%	114,349	-0.1%	0.13%	-9.9%
CSX	Buy	CSX	$972,000	+4.5%	30,329	+0.5%	0.12%	+5.1%
DBB	Buy	PowerShares DB Base Metals Fundetf	$931,000	+4.6%	55,059	+5.0%	0.12%	+5.4%
TDW	New	Tidewater	$880,000	–	22,550	–	0.11%	–
VNQI	Buy	Vanguard Global ex-U.S. Real Estate ETFetf	$872,000	+0.1%	16,009	+6.7%	0.11%	+1.8%
DBA	Buy	PowerShares DB Agriculture Fundetf	$763,000	+0.9%	29,868	+8.4%	0.10%	+2.1%
EDC	Sell	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$758,000	-41.6%	28,209	-32.9%	0.10%	-41.1%
IAU	Buy	iShares Gold Trustetf	$731,000	-2.0%	62,507	+7.9%	0.09%	-1.1%
SPXL	Sell	Direxion Daily S&P500 Bull 3X Sharesetf	$724,000	-4.2%	9,321	-6.2%	0.09%	-3.2%
RYAM	Buy	Rayonier Advanced Materials	$553,000	-12.8%	16,798	+2.7%	0.07%	-12.5%
DIOD	Buy	Diodes	$502,000	-17.0%	20,980	+0.5%	0.06%	-15.8%
MIDU	New	Direxion Daily Mid Cap Bull 3X Sharesetf	$359,000	–	4,312	–	0.04%	–
DRN	New	Direxion Daily Real Estate Bull 3X Shrsetf	$340,000	–	6,314	–	0.04%	–
TNA	New	Direxion Daily Small Cap Bull 3X Sharesetf	$217,000	–	3,429	–	0.03%	–
XLK	Exit	Technology Select Sector SPDRetf	$0	–	-35,336	–	-0.17%	–
XLF	Exit	Financials Select Sector SPDRetf	$0	–	-60,072	–	-0.17%	–
VOX	Exit	Vanguard Telecom Services ETFetf	$0	–	-15,683	–	-0.17%	–
XLP	Exit	Consumer Staples Select Sector SPDRetf	$0	–	-59,767	–	-0.34%	–
XLU	Exit	Utilities Select Sector SPDRetf	$0	–	-62,135	–	-0.34%	–
EWA	Exit	iShares MSCI Australia Indexetf	$0	–	-114,232	–	-0.38%	–
DD	Exit	DuPont	$0	–	-48,454	–	-0.40%	–
6107SC	Exit	U R S	$0	–	-86,576	–	-0.50%	–
PTGCY	Exit	Portugal Telecom Spons ADR	$0	–	-1,250,689	–	-0.58%	–
KLAC	Exit	KLA-Tencor	$0	–	-77,605	–	-0.71%	–
EWZ	Exit	iShares MSCI Brazil Capped Index Fundetf	$0	–	-122,402	–	-0.74%	–
PL	Exit	Protective Life	$0	–	-138,995	–	-1.21%	–

Q2 2014

			Value		Shares		↓ Weighting
SJNK	New	SPDR Barclays Short Term High Yield Bondetf	$33,089,000	–	1,068,759	–	4.16%	–
FLOT	New	iShares Floating Rate Noteetf	$25,185,000	–	495,758	–	3.16%	–
BSV	New	Vanguard Short-Term Bond ETFetf	$23,573,000	–	293,421	–	2.96%	–
HYEM	New	Market Vectors Emerging Markets High Yield Bond ETFetf	$18,170,000	–	688,010	–	2.28%	–
MBB	New	iShares Barclays MBS Bondetf	$16,698,000	–	154,299	–	2.10%	–
VCIT	New	Vanguard Interm-Tm Corp Bond Index ETFetf	$16,289,000	–	188,181	–	2.05%	–
HYS	New	PIMCO 0-5 Year High Yield Corporate Bond Index ETFetf	$16,236,000	–	151,920	–	2.04%	–
DIS	New	Disney, Walt	$10,453,000	–	121,911	–	1.31%	–
NM	New	Navios Maritime Holdings Inc.	$10,039,000	–	992,004	–	1.26%	–
PL	New	Protective Life	$9,637,000	–	138,995	–	1.21%	–
EMHY	New	iShares Emerging Markets High Yield Bondetf	$9,587,000	–	180,722	–	1.20%	–
MAN	New	Manpower Inc.	$9,577,000	–	112,865	–	1.20%	–
ETN	New	Eaton Corp PLC	$9,560,000	–	123,867	–	1.20%	–
AET	New	Aetna	$9,181,000	–	113,229	–	1.15%	–
AAPL	New	Apple Computer	$9,168,000	–	98,651	–	1.15%	–
MSFT	New	Microsoft	$9,131,000	–	218,975	–	1.15%	–
NSC	New	Norfolk Southern	$9,063,000	–	87,969	–	1.14%	–
RCL	New	Royal Caribbean Cruises	$8,794,000	–	158,161	–	1.10%	–
ADM	New	Archer-Daniels-Midland	$8,580,000	–	194,522	–	1.08%	–
WHR	New	Whirpool	$8,480,000	–	60,914	–	1.06%	–
CMCSA	New	Comcast Corp CL A	$8,367,000	–	155,866	–	1.05%	–
EMLC	New	Market Vectors EM Local Curr Bond ETFetf	$8,204,000	–	337,624	–	1.03%	–
GLW	New	Corning	$8,079,000	–	368,073	–	1.02%	–
BRSWQ	New	Bristow Group Inc	$8,069,000	–	100,092	–	1.01%	–
INTC	New	Intel	$8,018,000	–	259,486	–	1.01%	–
CSCO	New	Cisco Systems	$7,907,000	–	318,187	–	0.99%	–
JPM	New	JP Morgan Chase	$7,821,000	–	135,728	–	0.98%	–
STJ	New	St. Jude Medical	$7,680,000	–	110,899	–	0.96%	–
CE	New	Celanese Corp	$7,625,000	–	118,623	–	0.96%	–
NVS	New	Novartis	$7,599,000	–	83,941	–	0.96%	–
ATVI	New	Activision Blizzard	$7,589,000	–	340,335	–	0.95%	–
PRU	New	Prudential	$7,516,000	–	84,666	–	0.94%	–
BAX	New	Baxter International	$7,319,000	–	101,227	–	0.92%	–
WM	New	Waste Management	$7,315,000	–	163,541	–	0.92%	–
TPC	New	Tutor Perini Corp	$7,229,000	–	227,770	–	0.91%	–
BHI	New	Baker Hughes	$7,032,000	–	94,447	–	0.88%	–
CAT	New	Caterpillar	$7,017,000	–	64,568	–	0.88%	–
STX	New	Seagate Tech	$6,986,000	–	122,955	–	0.88%	–
NTTYY	New	Nippon Telegraph and Telephone	$6,862,000	–	219,872	–	0.86%	–
BMR	New	BioMed Realty	$6,852,000	–	313,891	–	0.86%	–
SYMC	New	Symantec	$6,840,000	–	298,702	–	0.86%	–
AMGN	New	Amgen	$6,654,000	–	56,216	–	0.84%	–
BHE	New	Benchmark Electronics	$6,489,000	–	254,680	–	0.82%	–
MRO	New	Marathon Oil	$6,451,000	–	161,591	–	0.81%	–
IBM	New	Int'l Business Machines	$6,424,000	–	35,441	–	0.81%	–
MDC	New	MDC Holdings	$6,277,000	–	207,236	–	0.79%	–
WFC	New	Wells Fargo & Co.	$6,274,000	–	119,370	–	0.79%	–
ORCL	New	Oracle	$6,262,000	–	154,501	–	0.79%	–
NVDA	New	Nvidia	$6,221,000	–	335,556	–	0.78%	–
HFC	New	HollyFrontier Corp	$6,222,000	–	142,420	–	0.78%	–
ESV	New	Ensco PLC	$6,220,000	–	111,928	–	0.78%	–
BK	New	Bank of NY Mellon Corp.	$6,163,000	–	164,435	–	0.77%	–
TSN	New	Tyson Foods	$6,132,000	–	163,341	–	0.77%	–
COF	New	Capital One Financial	$6,118,000	–	74,064	–	0.77%	–
XOM	New	Exxon Mobil	$6,113,000	–	60,712	–	0.77%	–
FCX	New	Freeport McMoran Copper & Gold	$6,113,000	–	167,487	–	0.77%	–
DE	New	Deere & Co.	$6,047,000	–	66,783	–	0.76%	–
ERIC	New	Ericsson	$5,951,000	–	492,626	–	0.75%	–
EWS	New	iShares MSCI Singapore Indexetf	$5,932,000	–	438,722	–	0.74%	–
EWZ	New	iShares MSCI Brazil Capped Index Fundetf	$5,848,000	–	122,402	–	0.74%	–
MET	New	Metlife	$5,841,000	–	105,127	–	0.73%	–
RSX	New	Market Vectors Russia ETFetf	$5,822,000	–	221,116	–	0.73%	–
WMT	New	Wal-Mart Stores	$5,681,000	–	75,673	–	0.71%	–
KLAC	New	KLA-Tencor	$5,637,000	–	77,605	–	0.71%	–
LLY	New	Eli Lilly & Co.	$5,579,000	–	89,741	–	0.70%	–
MOS	New	Mosaic Company New	$5,571,000	–	112,667	–	0.70%	–
IGT	New	Int'l Game Technology	$5,522,000	–	347,070	–	0.69%	–
CAG	New	Conagra Foods	$5,427,000	–	182,845	–	0.68%	–
CM	New	Canadian Imperial Bank of Commerce (CIBC)	$5,395,000	–	59,303	–	0.68%	–
HAL	New	Halliburton Co.	$5,377,000	–	75,724	–	0.68%	–
APA	New	Apache	$5,336,000	–	53,035	–	0.67%	–
PNC	New	PNC Bank	$5,173,000	–	58,096	–	0.65%	–
LXK	New	Lexmark International	$5,136,000	–	106,653	–	0.64%	–
BBT	New	BB&T Corporation	$5,092,000	–	129,152	–	0.64%	–
IM	New	Ingram Micro	$5,063,000	–	173,335	–	0.64%	–
JNJ	New	Johnson & Johnson	$4,866,000	–	46,512	–	0.61%	–
KSS	New	Kohl's	$4,866,000	–	92,375	–	0.61%	–
TWI	New	Titan International	$4,756,000	–	282,770	–	0.60%	–
GOLD	New	Barrick Gold	$4,747,000	–	259,414	–	0.60%	–
AEO	New	American Eagle Outfitters	$4,622,000	–	411,970	–	0.58%	–
PTGCY	New	Portugal Telecom Spons ADR	$4,578,000	–	1,250,689	–	0.58%	–
TTE	New	Total SA ADR	$4,447,000	–	61,598	–	0.56%	–
ETR	New	Entergy	$4,433,000	–	53,997	–	0.56%	–
RDSA	New	Royal Dutch Shell A	$4,427,000	–	53,739	–	0.56%	–
TGT	New	Target	$4,385,000	–	75,661	–	0.55%	–
BRCD	New	Brocade Communications Systems	$4,297,000	–	467,110	–	0.54%	–
ONB	New	Old National Bancorp	$4,164,000	–	291,574	–	0.52%	–
SFL	New	Ship Finance Int'l	$4,111,000	–	221,137	–	0.52%	–
MRVL	New	Marvell Tech	$4,060,000	–	283,313	–	0.51%	–
PETM	New	PetSmart	$4,000,000	–	66,895	–	0.50%	–
6107SC	New	U R S	$3,969,000	–	86,576	–	0.50%	–
SPLS	New	Staples	$3,873,000	–	357,280	–	0.49%	–
ABT	New	Abbott Laboratories	$3,658,000	–	89,447	–	0.46%	–
CWT	New	California Water Service	$3,578,000	–	147,855	–	0.45%	–
CS	New	Credit Suisse Group	$3,479,000	–	122,636	–	0.44%	–
CHK	New	Chesapeake Energy	$3,450,000	–	111,002	–	0.43%	–
GS	New	Goldman Sachs Group	$3,265,000	–	19,498	–	0.41%	–
E	New	ENI SPA ADR	$3,206,000	–	58,401	–	0.40%	–
DD	New	DuPont	$3,171,000	–	48,454	–	0.40%	–
EWA	New	iShares MSCI Australia Indexetf	$2,985,000	–	114,232	–	0.38%	–
DOFSQ	New	Diamond Offshore	$2,791,000	–	56,228	–	0.35%	–
XLU	New	Utilities Select Sector SPDRetf	$2,750,000	–	62,135	–	0.34%	–
BHP	New	BHP Billiton	$2,698,000	–	39,422	–	0.34%	–
XLP	New	Consumer Staples Select Sector SPDRetf	$2,667,000	–	59,767	–	0.34%	–
AUY	New	Yamana Gold	$2,618,000	–	318,513	–	0.33%	–
FL	New	Foot Locker	$2,418,000	–	47,675	–	0.30%	–
HSBC	New	HSBC Holdings PLC	$2,225,000	–	43,805	–	0.28%	–
SPTN	New	SpartanNash Company	$2,053,000	–	97,709	–	0.26%	–
PEP	New	Pepsico	$2,004,000	–	22,433	–	0.25%	–
PFE	New	Pfizer	$1,977,000	–	66,601	–	0.25%	–
PETS	New	PetMed Express	$1,792,000	–	132,974	–	0.22%	–
RYN	New	Rayonier	$1,747,000	–	49,143	–	0.22%	–
JBL	New	Jabil Circuit	$1,734,000	–	82,981	–	0.22%	–
NYCB	New	New York Community	$1,636,000	–	102,371	–	0.21%	–
AVX	New	AVX Corp	$1,557,000	–	117,248	–	0.20%	–
GE	New	General Electric Co.	$1,480,000	–	56,300	–	0.19%	–
KEY	New	Keycorp	$1,460,000	–	101,862	–	0.18%	–
CA	New	CA Inc.	$1,439,000	–	50,086	–	0.18%	–
ANH	New	Anworth Mortgage Asset Corp	$1,426,000	–	276,451	–	0.18%	–
VOX	New	Vanguard Telecom Services ETFetf	$1,379,000	–	15,683	–	0.17%	–
XLF	New	Financials Select Sector SPDRetf	$1,366,000	–	60,072	–	0.17%	–
TNP	New	Tsakos Energy	$1,373,000	–	205,269	–	0.17%	–
XLK	New	Technology Select Sector SPDRetf	$1,355,000	–	35,336	–	0.17%	–
KMB	New	Kimberly Clark	$1,348,000	–	12,120	–	0.17%	–
ALL	New	Allstate	$1,316,000	–	22,410	–	0.16%	–
TRV	New	The Travelers Companies	$1,315,000	–	13,984	–	0.16%	–
EDC	New	Direxion Daily Emrg Mkts Bull 3X Sharesetf	$1,299,000	–	42,023	–	0.16%	–
NEM	New	Newmont Mining Corp Holding Co.	$1,281,000	–	50,344	–	0.16%	–
CAH	New	Cardinal Health	$1,246,000	–	18,175	–	0.16%	–
DZK	New	Direxion Daily Dev Mkts Bull 3X Shrsetf	$1,234,000	–	15,042	–	0.16%	–
MDT	New	Medtronic	$1,212,000	–	19,010	–	0.15%	–
COH	New	Coach	$1,190,000	–	34,811	–	0.15%	–
AMSWA	New	American Software	$1,131,000	–	114,427	–	0.14%	–
SNY	New	Sanofi	$1,082,000	–	20,344	–	0.14%	–
AGU	New	Agrium	$1,047,000	–	11,427	–	0.13%	–
TIP	New	iShares Barclays TIPS Bondetf	$1,011,000	–	8,766	–	0.13%	–
CSX	New	CSX	$930,000	–	30,169	–	0.12%	–
DBB	New	PowerShares DB Base Metals Fundetf	$890,000	–	52,432	–	0.11%	–
VNQI	New	Vanguard Global ex-U.S. Real Estate ETFetf	$871,000	–	14,998	–	0.11%	–
RWM	New	ProShares Short Russell2000etf	$790,000	–	49,300	–	0.10%	–
DBA	New	PowerShares DB Agriculture Fundetf	$756,000	–	27,546	–	0.10%	–
SPXL	New	Direxion Daily S&P500 Bull 3X Sharesetf	$756,000	–	9,940	–	0.10%	–
IAU	New	iShares Gold Trustetf	$746,000	–	57,910	–	0.09%	–
RYAM	New	Rayonier Advanced Materials	$634,000	–	16,350	–	0.08%	–
DIOD	New	Diodes	$605,000	–	20,880	–	0.08%	–

Q4 2013

			Value		Shares		↓ Weighting
TBF	Exit	ProShares Short 20 plus Year Treasuryetf	$0	–	-6,625	–	-0.03%	–
IWN	Exit	iShares Russell 2000 Value Index Fundetf	$0	–	-2,675	–	-0.03%	–
IWM	Exit	iShares Russell 2000 Index Fundetf	$0	–	-2,511	–	-0.04%	–
TNA	Exit	Direxion Daily Small Cap Bull 3X Sharesetf	$0	–	-4,820	–	-0.04%	–
MIDU	Exit	Direxion Daily Mid Cap Bull 3X Sharesetf	$0	–	-4,547	–	-0.04%	–
DRN	Exit	Direxion Daily Real Estate Bull 3xetf	$0	–	-8,293	–	-0.04%	–
EPV	Exit	ProShares UltraShort MSCI Europeetf	$0	–	-25,360	–	-0.06%	–
DIOD	Exit	Diodes	$0	–	-22,150	–	-0.07%	–
EDC	Exit	Direxion Daily Emerging Markets Bull 3xetf	$0	–	-26,161	–	-0.10%	–
CSX	Exit	CSX	$0	–	-27,941	–	-0.10%	–
SPXL	Exit	Direxion Daily S&P 500 Bull 3X Sharesetf	$0	–	-14,958	–	-0.10%	–
AGU	Exit	Agrium	$0	–	-9,581	–	-0.11%	–
EXC	Exit	Exelon	$0	–	-28,333	–	-0.12%	–
NEM	Exit	Newmont Mining Corp Holding Co.	$0	–	-30,668	–	-0.12%	–
ESV	Exit	Ensco PLC	$0	–	-16,743	–	-0.12%	–
CAH	Exit	Cardinal Health	$0	–	-17,502	–	-0.12%	–
MDT	Exit	Medtronic	$0	–	-17,471	–	-0.13%	–
ALL	Exit	Allstate	$0	–	-18,767	–	-0.13%	–
DZK	Exit	Direxion Daily Developed Markets Bull 3xetf	$0	–	-15,119	–	-0.13%	–
KMB	Exit	Kimberly Clark	$0	–	-10,709	–	-0.14%	–
TIP	Exit	iShares Barclays TIPS Bond Fundetf	$0	–	-9,811	–	-0.15%	–
KEY	Exit	Keycorp	$0	–	-99,044	–	-0.16%	–
AVX	Exit	AVX Corp	$0	–	-88,422	–	-0.16%	–
ANH	Exit	Anworth Mortgage Asset Corp	$0	–	-245,122	–	-0.16%	–
TNP	Exit	Tsakos Energy	$0	–	-232,477	–	-0.17%	–
CA	Exit	CA Inc.	$0	–	-41,376	–	-0.17%	–
IAU	Exit	iShares Gold Trust	$0	–	-103,674	–	-0.18%	–
RTN	Exit	Raytheon Co.	$0	–	-17,328	–	-0.18%	–
NYCB	Exit	New York Community	$0	–	-102,105	–	-0.21%	–
MRK	Exit	Merck & Co.	$0	–	-33,169	–	-0.22%	–
VIXY	Exit	ProShares VIX Short-Term Futuresetf	$0	–	-40,737	–	-0.22%	–
PFE	Exit	Pfizer	$0	–	-60,187	–	-0.24%	–
FL	Exit	Foot Locker	$0	–	-54,777	–	-0.26%	–
PEP	Exit	Pepsico	$0	–	-23,617	–	-0.26%	–
PETS	Exit	PetMed Express	$0	–	-119,189	–	-0.27%	–
HSBC	Exit	HSBC Holdings ADR	$0	–	-39,349	–	-0.29%	–
NAFC	Exit	Nash Finch Company	$0	–	-83,788	–	-0.30%	–
BHP	Exit	BHP Billiton	$0	–	-36,556	–	-0.33%	–
E	Exit	ENI SPA ADR	$0	–	-55,172	–	-0.35%	–
ACETQ	Exit	Aceto Corp	$0	–	-177,084	–	-0.38%	–
CHK	Exit	Chesapeake Energy	$0	–	-109,287	–	-0.39%	–
AMSWA	Exit	American Software	$0	–	-330,984	–	-0.39%	–
ABT	Exit	Abbott Laboratories	$0	–	-85,400	–	-0.39%	–
CWT	Exit	California Water Service	$0	–	-141,671	–	-0.40%	–
GS	Exit	Goldman Sachs Group	$0	–	-18,652	–	-0.40%	–
DD	Exit	DuPont	$0	–	-52,489	–	-0.42%	–
SFL	Exit	Ship Finance Int'l	$0	–	-206,394	–	-0.43%	–
LXK	Exit	Lexmark International	$0	–	-96,436	–	-0.44%	–
MRVL	Exit	Marvell Tech	$0	–	-280,600	–	-0.44%	–
AUY	Exit	Yamana Gold	$0	–	-313,200	–	-0.45%	–
RDSA	Exit	Royal Dutch Shell Group A	$0	–	-51,087	–	-0.46%	–
MCHP	Exit	Microchip Tech	$0	–	-86,364	–	-0.48%	–
HAL	Exit	Halliburton Co.	$0	–	-73,126	–	-0.48%	–
TTE	Exit	Total SA ADR	$0	–	-61,084	–	-0.48%	–
BRCD	Exit	Brocade Communications Systems	$0	–	-450,898	–	-0.50%	–
IM	Exit	Ingram Micro	$0	–	-167,453	–	-0.53%	–
DOFSQ	Exit	Diamond Offshore	$0	–	-63,526	–	-0.54%	–
TWI	Exit	Titan International	$0	–	-275,659	–	-0.55%	–
PNC	Exit	PNC Bank	$0	–	-56,200	–	-0.56%	–
XRTX	Exit	Xyratex	$0	–	-371,872	–	-0.57%	–
CS	Exit	Credit Suisse Group	$0	–	-140,207	–	-0.59%	–
6107SC	Exit	U R S	$0	–	-79,800	–	-0.59%	–
APA	Exit	Apache	$0	–	-51,788	–	-0.60%	–
MOS	Exit	Mosaic Company New	$0	–	-104,024	–	-0.61%	–
BHI	Exit	Baker Hughes	$0	–	-91,750	–	-0.62%	–
KSS	Exit	Kohl's	$0	–	-87,651	–	-0.62%	–
AEO	Exit	American Eagle Outfitters	$0	–	-330,380	–	-0.63%	–
KLAC	Exit	KLA-Tencor	$0	–	-76,160	–	-0.64%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-114,306	–	-0.65%	–
MET	Exit	Metlife	$0	–	-100,808	–	-0.65%	–
COF	Exit	Capital One Financial	$0	–	-68,990	–	-0.65%	–
BK	Exit	Bank of NY Mellon Corp.	$0	–	-160,042	–	-0.66%	–
ORCL	Exit	Oracle	$0	–	-145,742	–	-0.66%	–
BBT	Exit	BB&T Corporation	$0	–	-143,670	–	-0.66%	–
FCX	Exit	Freeport McMoran Copper & Gold	$0	–	-149,871	–	-0.68%	–
GOLD	Exit	Barrick Gold	$0	–	-267,336	–	-0.68%	–
NVDA	Exit	Nvidia	$0	–	-320,323	–	-0.68%	–
TPC	Exit	Tutor Perini Corp	$0	–	-236,119	–	-0.69%	–
SPLS	Exit	Staples	$0	–	-344,988	–	-0.69%	–
GLW	Exit	Corning	$0	–	-353,503	–	-0.71%	–
WMT	Exit	Wal-Mart Stores	$0	–	-70,141	–	-0.71%	–
HFC	Exit	HollyFrontier Corp	$0	–	-123,549	–	-0.71%	–
CAT	Exit	Caterpillar	$0	–	-62,619	–	-0.72%	–
DE	Exit	Deere & Co.	$0	–	-64,542	–	-0.72%	–
MRO	Exit	Marathon Oil	$0	–	-155,178	–	-0.74%	–
EPU	Exit	iShares MSCI Peru Capetf	$0	–	-166,530	–	-0.74%	–
BMR	Exit	BioMed Realty	$0	–	-293,363	–	-0.75%	–
PTGCY	Exit	Portugal Telecom Spons ADR	$0	–	-1,248,745	–	-0.77%	–
XOM	Exit	Exxon Mobil	$0	–	-65,081	–	-0.77%	–
GD	Exit	General Dynamics	$0	–	-64,317	–	-0.77%	–
NTTYY	Exit	Nippon Telegraph and Telephone	$0	–	-216,019	–	-0.77%	–
ATVI	Exit	Activision Blizzard	$0	–	-338,154	–	-0.77%	–
STJ	Exit	St. Jude Medical	$0	–	-106,684	–	-0.78%	–
BHE	Exit	Benchmark Electronics	$0	–	-251,544	–	-0.79%	–
INTC	Exit	Intel	$0	–	-251,326	–	-0.79%	–
PL	Exit	Protective Life	$0	–	-138,224	–	-0.81%	–
MDC	Exit	MDC Holdings	$0	–	-198,053	–	-0.82%	–
EWH	Exit	iShares MSCI Hong Kong Index Fundetf	$0	–	-301,382	–	-0.83%	–
CE	Exit	Celanese Corp	$0	–	-114,659	–	-0.83%	–
RCL	Exit	Royal Caribbean Cruises	$0	–	-161,686	–	-0.85%	–
ERIC	Exit	Ericsson	$0	–	-465,152	–	-0.85%	–
IBM	Exit	Int'l Business Machines	$0	–	-33,625	–	-0.85%	–
NVS	Exit	Novartis	$0	–	-83,563	–	-0.88%	–
BAX	Exit	Baxter International	$0	–	-98,155	–	-0.88%	–
PRU	Exit	Prudential	$0	–	-83,553	–	-0.89%	–
AAPL	Exit	Apple Computer	$0	–	-13,738	–	-0.90%	–
CSCO	Exit	Cisco Systems	$0	–	-280,420	–	-0.90%	–
WM	Exit	Waste Management	$0	–	-160,818	–	-0.91%	–
NSC	Exit	Norfolk Southern	$0	–	-89,545	–	-0.95%	–
ADM	Exit	Archer-Daniels-Midland	$0	–	-190,751	–	-0.96%	–
MSFT	Exit	Microsoft	$0	–	-214,720	–	-0.98%	–
JPM	Exit	JP Morgan Chase	$0	–	-138,411	–	-0.98%	–
AET	Exit	Aetna	$0	–	-111,903	–	-0.98%	–
MCK	Exit	McKesson	$0	–	-55,960	–	-0.98%	–
HAS	Exit	Hasbro	$0	–	-158,723	–	-1.03%	–
CMCSA	Exit	Comcast Corp CL A	$0	–	-168,536	–	-1.04%	–
BRSWQ	Exit	Bristow Group Inc	$0	–	-106,092	–	-1.06%	–
TSN	Exit	Tyson Foods	$0	–	-274,863	–	-1.07%	–
NM	Exit	Navios Maritime Holdings Inc.	$0	–	-1,097,247	–	-1.07%	–
DIS	Exit	Disney, Walt	$0	–	-125,827	–	-1.11%	–
WAG	Exit	Walgreen	$0	–	-152,337	–	-1.12%	–
AMP	Exit	Ameriprise Financial	$0	–	-92,361	–	-1.15%	–
ETN	Exit	Eaton Corp PLC	$0	–	-122,572	–	-1.16%	–
MAN	Exit	Manpower Inc.	$0	–	-116,268	–	-1.16%	–
WHR	Exit	Whirpool	$0	–	-60,506	–	-1.22%	–
EMB	Exit	iShares JPMorgan Emerging Market Bond Fundetf	$0	–	-82,421	–	-1.23%	–
STX	Exit	Seagate Tech	$0	–	-211,520	–	-1.27%	–
EMHY	Exit	iShares Emerging Markets High Yield Bond Fundetf	$0	–	-231,595	–	-1.58%	–
EMLC	Exit	Market Vectors Emerging Markets Local Currency Bondetf	$0	–	-502,718	–	-1.68%	–
IHY	Exit	Market Vectors International High Yield Bond ETFetf	$0	–	-466,482	–	-1.71%	–
HYEM	Exit	Market Vectors Emerging Markets High Yield Bondetf	$0	–	-534,862	–	-1.85%	–
VCSH	Exit	Vanguard Short-Term Corporate Bond Fundetf	$0	–	-217,437	–	-2.38%	–
HYS	Exit	PIMCO 0-5 Year High Yield Corporate Bond Fundetf	$0	–	-214,319	–	-3.08%	–
MBB	Exit	iShares Barclays MBS Bond Fundetf	$0	–	-212,988	–	-3.10%	–
VCIT	Exit	Vanguard Intermediate Term Corporate Bond Fundetf	$0	–	-273,965	–	-3.14%	–
FLOT	Exit	iShares U.S. Floating Rate Note < 5 Yearsetf	$0	–	-687,514	–	-4.78%	–
BSV	Exit	Vanguard Short-Term Bondetf	$0	–	-448,383	–	-4.94%	–

Q3 2013

			Value		Shares		↓ Weighting
BSV	Buy	Vanguard Short-Term Bondetf	$36,037,000	+75.0%	448,383	+74.3%	4.94%	+73.1%
FLOT	Buy	iShares U.S. Floating Rate Note < 5 Yearsetf	$34,843,000	+25.0%	687,514	+24.8%	4.78%	+23.6%
VCIT	Sell	Vanguard Intermediate Term Corporate Bond Fundetf	$22,854,000	-11.0%	273,965	-11.4%	3.14%	-11.9%
MBB	Sell	iShares Barclays MBS Bond Fundetf	$22,560,000	-18.0%	212,988	-18.5%	3.10%	-18.9%
HYS	Sell	PIMCO 0-5 Year High Yield Corporate Bond Fundetf	$22,482,000	-10.5%	214,319	-12.4%	3.08%	-11.5%
VCSH	Sell	Vanguard Short-Term Corporate Bond Fundetf	$17,308,000	-14.8%	217,437	-15.3%	2.38%	-15.7%
HYEM	Buy	Market Vectors Emerging Markets High Yield Bondetf	$13,473,000	+9.0%	534,862	+8.9%	1.85%	+7.8%
IHY	Sell	Market Vectors International High Yield Bond ETFetf	$12,446,000	-10.6%	466,482	-12.8%	1.71%	-11.5%
EMLC	Sell	Market Vectors Emerging Markets Local Currency Bondetf	$12,216,000	-1.5%	502,718	-1.7%	1.68%	-2.6%
EMHY	Sell	iShares Emerging Markets High Yield Bond Fundetf	$11,494,000	-11.6%	231,595	-11.0%	1.58%	-12.6%
STX	Buy	Seagate Tech	$9,252,000	+4.9%	211,520	+7.5%	1.27%	+3.8%
EMB	Sell	iShares JPMorgan Emerging Market Bond Fundetf	$8,986,000	-29.7%	82,421	-29.3%	1.23%	-30.4%
WHR	Sell	Whirpool	$8,861,000	+25.4%	60,506	-2.1%	1.22%	+24.1%
MAN	Sell	Manpower Inc.	$8,457,000	+27.2%	116,268	-4.1%	1.16%	+25.8%
ETN	Sell	Eaton Corp PLC	$8,438,000	+0.1%	122,572	-4.3%	1.16%	-0.9%
AMP	Sell	Ameriprise Financial	$8,412,000	+8.6%	92,361	-3.5%	1.15%	+7.4%
WAG	Sell	Walgreen	$8,196,000	+21.3%	152,337	-0.4%	1.12%	+20.0%
DIS	Sell	Disney, Walt	$8,115,000	+0.7%	125,827	-1.4%	1.11%	-0.4%
NM	Sell	Navios Maritime Holdings Inc.	$7,812,000	+17.4%	1,097,247	-7.6%	1.07%	+16.1%
TSN	Buy	Tyson Foods	$7,773,000	+10.7%	274,863	+0.5%	1.07%	+9.4%
BRSWQ	Sell	Bristow Group Inc	$7,719,000	+4.4%	106,092	-6.3%	1.06%	+3.3%
CMCSA	Sell	Comcast Corp CL A	$7,609,000	+4.8%	168,536	-3.1%	1.04%	+3.7%
HAS	Buy	Hasbro	$7,482,000	+5.3%	158,723	+0.1%	1.03%	+4.2%
MCK	Sell	McKesson	$7,180,000	+8.0%	55,960	-3.6%	0.98%	+6.8%
AET	Buy	Aetna	$7,164,000	+14.5%	111,903	+13.6%	0.98%	+13.2%
JPM	Buy	JP Morgan Chase	$7,154,000	-1.4%	138,411	+0.7%	0.98%	-2.4%
MSFT	Buy	Microsoft	$7,152,000	-2.5%	214,720	+1.1%	0.98%	-3.5%
ADM	Buy	Archer-Daniels-Midland	$7,027,000	+9.2%	190,751	+0.5%	0.96%	+8.0%
NSC	Buy	Norfolk Southern	$6,926,000	+6.7%	89,545	+0.3%	0.95%	+5.6%
WM	Buy	Waste Management	$6,632,000	+3.0%	160,818	+0.8%	0.91%	+1.9%
CSCO	Sell	Cisco Systems	$6,567,000	-3.8%	280,420	-0.0%	0.90%	-4.9%
AAPL	Buy	Apple Computer	$6,550,000	+23.2%	13,738	+2.5%	0.90%	+22.0%
PRU	Buy	Prudential	$6,515,000	+7.1%	83,553	+0.3%	0.89%	+5.9%
BAX	Buy	Baxter International	$6,448,000	-2.7%	98,155	+2.6%	0.88%	-3.7%
NVS	Buy	Novartis	$6,410,000	+8.6%	83,563	+0.1%	0.88%	+7.5%
IBM	Buy	Int'l Business Machines	$6,227,000	-0.5%	33,625	+2.6%	0.85%	-1.6%
ERIC	Buy	Ericsson	$6,210,000	+19.7%	465,152	+1.1%	0.85%	+18.3%
RCL	Buy	Royal Caribbean Cruises	$6,189,000	+15.4%	161,686	+0.5%	0.85%	+14.1%
CE	Buy	Celanese Corp	$6,053,000	+18.0%	114,659	+0.2%	0.83%	+16.7%
EWH	Buy	iShares MSCI Hong Kong Index Fundetf	$6,037,000	+10.7%	301,382	+1.2%	0.83%	+9.4%
MDC	Buy	MDC Holdings	$5,944,000	-3.8%	198,053	+4.2%	0.82%	-4.9%
PL	Sell	Protective Life	$5,881,000	-28.0%	138,224	-35.0%	0.81%	-28.8%
BHE	Sell	Benchmark Electronics	$5,758,000	+13.1%	251,544	-0.7%	0.79%	+11.9%
INTC	Buy	Intel	$5,760,000	-4.5%	251,326	+1.0%	0.79%	-5.5%
STJ	Buy	St. Jude Medical	$5,723,000	+17.9%	106,684	+0.3%	0.78%	+16.6%
ATVI	Buy	Activision Blizzard	$5,637,000	+17.5%	338,154	+0.5%	0.77%	+16.2%
GD	Buy	General Dynamics	$5,629,000	+12.0%	64,317	+0.3%	0.77%	+10.8%
NTTYY	Buy	Nippon Telegraph and Telephone	$5,629,000	+1.8%	216,019	+1.6%	0.77%	+0.7%
XOM	Buy	Exxon Mobil	$5,600,000	-3.9%	65,081	+1.0%	0.77%	-5.0%
PTGCY	Buy	Portugal Telecom Spons ADR	$5,582,000	+20.5%	1,248,745	+6.0%	0.77%	+19.3%
BMR	Buy	BioMed Realty	$5,454,000	-4.4%	293,363	+4.0%	0.75%	-5.4%
EPU	Buy	iShares MSCI Peru Capetf	$5,432,000	+1.2%	166,530	+5.9%	0.74%	+0.1%
MRO	Buy	Marathon Oil	$5,413,000	+1.9%	155,178	+1.0%	0.74%	+0.8%
DE	Buy	Deere & Co.	$5,253,000	+1.4%	64,542	+1.2%	0.72%	+0.4%
CAT	Buy	Caterpillar	$5,221,000	+6.0%	62,619	+4.9%	0.72%	+4.8%
HFC	New	HollyFrontier Corp	$5,203,000	–	123,549	–	0.71%	–
WMT	Buy	Wal-Mart Stores	$5,188,000	+1.2%	70,141	+1.9%	0.71%	+0.1%
GLW	Buy	Corning	$5,158,000	+10.4%	353,503	+7.6%	0.71%	+9.3%
SPLS	Buy	Staples	$5,054,000	-6.8%	344,988	+1.0%	0.69%	-7.8%
TPC	Buy	Tutor Perini Corp	$5,034,000	+21.4%	236,119	+3.0%	0.69%	+20.2%
NVDA	Buy	Nvidia	$4,984,000	+13.9%	320,323	+2.8%	0.68%	+12.7%
GOLD	Buy	Barrick Gold	$4,978,000	+23.6%	267,336	+4.5%	0.68%	+22.2%
FCX	Buy	Freeport McMoran Copper & Gold	$4,958,000	+30.3%	149,871	+8.8%	0.68%	+28.8%
BBT	Buy	BB&T Corporation	$4,849,000	-0.2%	143,670	+0.2%	0.66%	-1.3%
BK	Buy	Bank of NY Mellon Corp.	$4,832,000	+8.1%	160,042	+0.4%	0.66%	+6.9%
ORCL	New	Oracle	$4,834,000	–	145,742	–	0.66%	–
COF	Buy	Capital One Financial	$4,742,000	+10.0%	68,990	+0.5%	0.65%	+8.9%
MET	Buy	Metlife	$4,733,000	+13.0%	100,808	+10.1%	0.65%	+11.7%
WFC	Buy	Wells Fargo & Co.	$4,723,000	+1.3%	114,306	+1.2%	0.65%	+0.3%
KLAC	Buy	KLA-Tencor	$4,634,000	+12.7%	76,160	+3.3%	0.64%	+11.6%
AEO	New	American Eagle Outfitters	$4,622,000	–	330,380	–	0.63%	–
KSS	Buy	Kohl's	$4,536,000	+3.4%	87,651	+1.0%	0.62%	+2.3%
BHI	Buy	Baker Hughes	$4,505,000	+7.0%	91,750	+0.5%	0.62%	+5.8%
MOS	New	Mosaic Company New	$4,475,000	–	104,024	–	0.61%	–
APA	Buy	Apache	$4,409,000	+4.8%	51,788	+3.2%	0.60%	+3.6%
6107SC	Buy	U R S	$4,289,000	+14.7%	79,800	+0.8%	0.59%	+13.3%
CS	Buy	Credit Suisse Group	$4,283,000	+16.6%	140,207	+1.0%	0.59%	+15.3%
XRTX	Sell	Xyratex	$4,139,000	+6.7%	371,872	-3.6%	0.57%	+5.6%
PNC	Buy	PNC Bank	$4,072,000	+0.6%	56,200	+1.3%	0.56%	-0.4%
TWI	Buy	Titan International	$4,036,000	-11.5%	275,659	+2.0%	0.55%	-12.5%
DOFSQ	Buy	Diamond Offshore	$3,959,000	-5.2%	63,526	+4.6%	0.54%	-6.2%
IM	Buy	Ingram Micro	$3,860,000	+22.1%	167,453	+0.6%	0.53%	+20.7%
BRCD	Sell	Brocade Communications Systems	$3,630,000	+39.5%	450,898	-0.2%	0.50%	+38.0%
TTE	Buy	Total SA ADR	$3,538,000	+23.2%	61,084	+3.6%	0.48%	+21.9%
HAL	Buy	Halliburton Co.	$3,521,000	+16.8%	73,126	+1.2%	0.48%	+15.6%
MCHP	Buy	Microchip Tech	$3,480,000	+8.7%	86,364	+0.5%	0.48%	+7.4%
RDSA	Buy	Royal Dutch Shell Group A	$3,355,000	+4.2%	51,087	+1.2%	0.46%	+2.9%
AUY	Buy	Yamana Gold	$3,257,000	+13.1%	313,200	+3.4%	0.45%	+11.8%
MRVL	Buy	Marvell Tech	$3,227,000	-1.3%	280,600	+0.5%	0.44%	-2.2%
LXK	Sell	Lexmark International	$3,182,000	-20.4%	96,436	-26.3%	0.44%	-21.3%
SFL	Buy	Ship Finance Int'l	$3,152,000	+5.6%	206,394	+2.6%	0.43%	+4.3%
DD	Buy	DuPont	$3,074,000	+11.7%	52,489	+0.1%	0.42%	+10.5%
GS	Buy	Goldman Sachs Group	$2,951,000	+5.9%	18,652	+1.2%	0.40%	+4.7%
CWT	Buy	California Water Service	$2,879,000	+10.1%	141,671	+5.7%	0.40%	+8.8%
ABT	Buy	Abbott Laboratories	$2,834,000	-0.8%	85,400	+4.3%	0.39%	-1.8%
CHK	Sell	Chesapeake Energy	$2,828,000	+22.4%	109,287	-3.6%	0.39%	+21.2%
AMSWA	Sell	American Software	$2,827,000	-8.2%	330,984	-6.6%	0.39%	-9.1%
ACETQ	Sell	Aceto Corp	$2,766,000	-37.0%	177,084	-43.8%	0.38%	-37.8%
E	Buy	ENI SPA ADR	$2,540,000	+14.1%	55,172	+1.7%	0.35%	+12.6%
BHP	Buy	BHP Billiton	$2,431,000	+19.7%	36,556	+3.8%	0.33%	+18.4%
NAFC	Buy	Nash Finch Company	$2,213,000	+21.1%	83,788	+0.9%	0.30%	+19.7%
HSBC	Buy	HSBC Holdings ADR	$2,135,000	+21.5%	39,349	+16.2%	0.29%	+20.1%
PETS	Buy	PetMed Express	$1,942,000	+30.0%	119,189	+0.5%	0.27%	+28.5%
PEP	Buy	Pepsico	$1,878,000	+4.3%	23,617	+7.3%	0.26%	+3.2%
FL	Buy	Foot Locker	$1,859,000	+3.2%	54,777	+6.8%	0.26%	+2.0%
PFE	Buy	Pfizer	$1,728,000	+78.3%	60,187	+73.9%	0.24%	+76.9%
VIXY	New	ProShares VIX Short-Term Futuresetf	$1,607,000	–	40,737	–	0.22%	–
MRK	Buy	Merck & Co.	$1,579,000	+4.3%	33,169	+1.7%	0.22%	+3.3%
NYCB	Buy	New York Community	$1,543,000	+9.5%	102,105	+1.5%	0.21%	+8.7%
IAU	Sell	iShares Gold Trust	$1,336,000	+1.4%	103,674	-5.7%	0.18%	0.0%
RTN	Sell	Raytheon Co.	$1,335,000	-6.1%	17,328	-19.4%	0.18%	-7.1%
CA	Buy	CA Inc.	$1,228,000	+5.5%	41,376	+1.7%	0.17%	+4.3%
TNP	Sell	Tsakos Energy	$1,211,000	+4.8%	232,477	-4.0%	0.17%	+3.8%
ANH	Buy	Anworth Mortgage Asset Corp	$1,184,000	-5.2%	245,122	+9.9%	0.16%	-6.4%
AVX	New	AVX Corp	$1,161,000	–	88,422	–	0.16%	–
KEY	Buy	Keycorp	$1,129,000	+5.1%	99,044	+1.8%	0.16%	+4.0%
TIP	Sell	iShares Barclays TIPS Bond Fundetf	$1,105,000	-2.2%	9,811	-2.8%	0.15%	-3.2%
KMB	New	Kimberly Clark	$1,009,000	–	10,709	–	0.14%	–
DZK	Sell	Direxion Daily Developed Markets Bull 3xetf	$958,000	+17.1%	15,119	-13.8%	0.13%	+15.9%
ALL	Buy	Allstate	$949,000	+12.7%	18,767	+7.2%	0.13%	+11.1%
MDT	Buy	Medtronic	$930,000	+11.2%	17,471	+7.6%	0.13%	+10.3%
CAH	Buy	Cardinal Health	$913,000	+13.6%	17,502	+2.8%	0.12%	+11.6%
ESV	Buy	Ensco PLC	$900,000	+4.9%	16,743	+13.4%	0.12%	+3.4%
NEM	Buy	Newmont Mining Corp Holding Co.	$862,000	+7.1%	30,668	+14.2%	0.12%	+5.4%
EXC	Sell	Exelon	$840,000	-6.1%	28,333	-2.2%	0.12%	-7.3%
AGU	New	Agrium	$805,000	–	9,581	–	0.11%	–
SPXL	Sell	Direxion Daily S&P 500 Bull 3X Sharesetf	$719,000	-3.2%	14,958	-17.0%	0.10%	-3.9%
CSX	Buy	CSX	$719,000	+15.8%	27,941	+4.3%	0.10%	+15.1%
EDC	Sell	Direxion Daily Emerging Markets Bull 3xetf	$698,000	-15.8%	26,161	-26.2%	0.10%	-16.5%
DIOD	Sell	Diodes	$543,000	-8.9%	22,150	-3.5%	0.07%	-10.8%
EPV	New	ProShares UltraShort MSCI Europeetf	$458,000	–	25,360	–	0.06%	–
DRN	Buy	Direxion Daily Real Estate Bull 3xetf	$328,000	+1.5%	8,293	+14.1%	0.04%	0.0%
MIDU	Sell	Direxion Daily Mid Cap Bull 3X Sharesetf	$304,000	-1.0%	4,547	-19.7%	0.04%	-2.3%
TNA	Sell	Direxion Daily Small Cap Bull 3X Sharesetf	$302,000	+2.0%	4,820	-23.3%	0.04%	0.0%
IWM	Sell	iShares Russell 2000 Index Fundetf	$268,000	-20.9%	2,511	-28.1%	0.04%	-21.3%
IWN	Sell	iShares Russell 2000 Value Index Fundetf	$245,000	-23.9%	2,675	-28.7%	0.03%	-24.4%
VCLT	Exit	Vanguard Long-Term Corporate Bond Fundetf	$0	–	-14,134	–	-0.16%	–
WDC	Exit	Western Digital	$0	–	-21,680	–	-0.19%	–
GDX	Exit	Market Vectors Gold Miners ETFetf	$0	–	-63,427	–	-0.22%	–
TKR	Exit	Timken Company	$0	–	-42,187	–	-0.33%	–
UNH	Exit	UnitedHealth Group, Inc	$0	–	-49,642	–	-0.45%	–
UNTD	Exit	United Online	$0	–	-579,650	–	-0.61%	–
INDA	Exit	Ishares MSCI India Index Fundetf	$0	–	-232,318	–	-0.76%	–
EWZ	Exit	IshareS MSCI Brazil Index Fundetf	$0	–	-124,564	–	-0.76%	–
EWY	Exit	iShares MSCI Korea Index Fundetf	$0	–	-102,691	–	-0.76%	–
RSX	Exit	Market Vectors Russia ETFetf	$0	–	-225,667	–	-0.79%	–
LMT	Exit	Lockheed Martin	$0	–	-62,414	–	-0.94%	–
JNK	Exit	SPDR Barclays High Yield Bond Fundetf	$0	–	-181,276	–	-0.99%	–

Q2 2013

			Value		Shares		↓ Weighting
FLOT	New	iShares U.S. Floating Rate Note < 5 Yearsetf	$27,881,000	–	551,002	–	3.87%	–
MBB	New	iShares Barclays MBS Bond Fundetf	$27,503,000	–	261,365	–	3.81%	–
VCIT	New	Vanguard Intermediate Term Corporate Bond Fundetf	$25,665,000	–	309,173	–	3.56%	–
HYS	New	PIMCO 0-5 Year High Yield Corporate Bond Fundetf	$25,122,000	–	244,683	–	3.48%	–
BSV	New	Vanguard Short-Term Bondetf	$20,593,000	–	257,189	–	2.86%	–
VCSH	New	Vanguard Short-Term Corporate Bond Fundetf	$20,304,000	–	256,689	–	2.82%	–
IHY	New	Market Vectors International High Yield Bond ETFetf	$13,916,000	–	535,022	–	1.93%	–
EMHY	New	iShares Emerging Markets High Yield Bond Fundetf	$13,009,000	–	260,178	–	1.80%	–
EMB	New	iShares JPMorgan Emerging Market Bond Fundetf	$12,777,000	–	116,652	–	1.77%	–
EMLC	New	Market Vectors Emerging Markets Local Currency Bondetf	$12,407,000	–	511,425	–	1.72%	–
HYEM	New	Market Vectors Emerging Markets High Yield Bondetf	$12,358,000	–	491,174	–	1.71%	–
STX	New	Seagate Tech	$8,822,000	–	196,782	–	1.22%	–
ETN	New	Eaton Corp PLC	$8,428,000	–	128,067	–	1.17%	–
PL	New	Protective Life	$8,170,000	–	212,698	–	1.13%	–
DIS	New	Disney, Walt	$8,058,000	–	127,601	–	1.12%	–
AMP	New	Ameriprise Financial	$7,745,000	–	95,758	–	1.07%	–
BRSWQ	New	Bristow Group Inc	$7,394,000	–	113,197	–	1.02%	–
MSFT	New	Microsoft	$7,336,000	–	212,361	–	1.02%	–
CMCSA	New	Comcast Corp CL A	$7,260,000	–	173,904	–	1.01%	–
JPM	New	JP Morgan Chase	$7,253,000	–	137,389	–	1.01%	–
JNK	New	SPDR Barclays High Yield Bond Fundetf	$7,159,000	–	181,276	–	0.99%	–
HAS	New	Hasbro	$7,107,000	–	158,522	–	0.99%	–
WHR	New	Whirpool	$7,065,000	–	61,775	–	0.98%	–
TSN	New	Tyson Foods	$7,023,000	–	273,468	–	0.97%	–
CSCO	New	Cisco Systems	$6,827,000	–	280,527	–	0.95%	–
LMT	New	Lockheed Martin	$6,769,000	–	62,414	–	0.94%	–
WAG	New	Walgreen	$6,757,000	–	152,877	–	0.94%	–
NM	New	Navios Maritime Holdings Inc.	$6,652,000	–	1,187,894	–	0.92%	–
MAN	New	Manpower Inc.	$6,646,000	–	121,268	–	0.92%	–
MCK	New	McKesson	$6,648,000	–	58,064	–	0.92%	–
BAX	New	Baxter International	$6,626,000	–	95,657	–	0.92%	–
NSC	New	Norfolk Southern	$6,489,000	–	89,315	–	0.90%	–
ADM	New	Archer-Daniels-Midland	$6,437,000	–	189,832	–	0.89%	–
WM	New	Waste Management	$6,437,000	–	159,615	–	0.89%	–
IBM	New	Int'l Business Machines	$6,260,000	–	32,758	–	0.87%	–
AET	New	Aetna	$6,258,000	–	98,482	–	0.87%	–
MDC	New	MDC Holdings	$6,178,000	–	190,032	–	0.86%	–
PRU	New	Prudential	$6,085,000	–	83,328	–	0.84%	–
INTC	New	Intel	$6,031,000	–	248,912	–	0.84%	–
NVS	New	Novartis	$5,901,000	–	83,461	–	0.82%	–
XOM	New	Exxon Mobil	$5,825,000	–	64,468	–	0.81%	–
BMR	New	BioMed Realty	$5,704,000	–	281,965	–	0.79%	–
RSX	New	Market Vectors Russia ETFetf	$5,682,000	–	225,667	–	0.79%	–
NTTYY	New	Nippon Telegraph and Telephone	$5,528,000	–	212,527	–	0.77%	–
EWY	New	iShares MSCI Korea Index Fundetf	$5,463,000	–	102,691	–	0.76%	–
EWZ	New	IshareS MSCI Brazil Index Fundetf	$5,463,000	–	124,564	–	0.76%	–
INDA	New	Ishares MSCI India Index Fundetf	$5,455,000	–	232,318	–	0.76%	–
EWH	New	iShares MSCI Hong Kong Index Fundetf	$5,455,000	–	297,664	–	0.76%	–
SPLS	New	Staples	$5,421,000	–	341,602	–	0.75%	–
EPU	New	iShares MSCI Peru Capetf	$5,368,000	–	157,282	–	0.74%	–
RCL	New	Royal Caribbean Cruises	$5,365,000	–	160,917	–	0.74%	–
MRO	New	Marathon Oil	$5,314,000	–	153,677	–	0.74%	–
AAPL	New	Apple Computer	$5,315,000	–	13,404	–	0.74%	–
ERIC	New	Ericsson	$5,189,000	–	459,993	–	0.72%	–
DE	New	Deere & Co.	$5,180,000	–	63,756	–	0.72%	–
WMT	New	Wal-Mart Stores	$5,129,000	–	68,858	–	0.71%	–
CE	New	Celanese Corp	$5,129,000	–	114,479	–	0.71%	–
BHE	New	Benchmark Electronics	$5,093,000	–	253,383	–	0.71%	–
GD	New	General Dynamics	$5,024,000	–	64,140	–	0.70%	–
CAT	New	Caterpillar	$4,925,000	–	59,707	–	0.68%	–
BBT	New	BB&T Corporation	$4,857,000	–	143,358	–	0.67%	–
STJ	New	St. Jude Medical	$4,854,000	–	106,386	–	0.67%	–
ATVI	New	Activision Blizzard	$4,797,000	–	336,409	–	0.66%	–
GLW	New	Corning	$4,674,000	–	328,489	–	0.65%	–
WFC	New	Wells Fargo & Co.	$4,661,000	–	112,946	–	0.65%	–
PTGCY	New	Portugal Telecom Spons ADR	$4,632,000	–	1,178,578	–	0.64%	–
TWI	New	Titan International	$4,561,000	–	270,355	–	0.63%	–
BK	New	Bank of NY Mellon Corp.	$4,469,000	–	159,326	–	0.62%	–
UNTD	New	United Online	$4,394,000	–	579,650	–	0.61%	–
ACETQ	New	Aceto Corp	$4,391,000	–	315,201	–	0.61%	–
KSS	New	Kohl's	$4,385,000	–	86,815	–	0.61%	–
NVDA	New	Nvidia	$4,376,000	–	311,681	–	0.61%	–
COF	New	Capital One Financial	$4,311,000	–	68,638	–	0.60%	–
BHI	New	Baker Hughes	$4,211,000	–	91,277	–	0.58%	–
APA	New	Apache	$4,208,000	–	50,196	–	0.58%	–
MET	New	Metlife	$4,190,000	–	91,554	–	0.58%	–
DOFSQ	New	Diamond Offshore	$4,178,000	–	60,732	–	0.58%	–
TPC	New	Tutor Perini Corp	$4,145,000	–	229,147	–	0.58%	–
KLAC	New	KLA-Tencor	$4,111,000	–	73,762	–	0.57%	–
PNC	New	PNC Bank	$4,046,000	–	55,488	–	0.56%	–
GOLD	New	Barrick Gold	$4,028,000	–	255,895	–	0.56%	–
LXK	New	Lexmark International	$4,000,000	–	130,859	–	0.56%	–
XRTX	New	Xyratex	$3,879,000	–	385,601	–	0.54%	–
FCX	New	Freeport McMoran Copper & Gold	$3,804,000	–	137,768	–	0.53%	–
6107SC	New	U R S	$3,740,000	–	79,203	–	0.52%	–
CS	New	Credit Suisse Group	$3,674,000	–	138,855	–	0.51%	–
MRVL	New	Marvell Tech	$3,269,000	–	279,187	–	0.45%	–
UNH	New	UnitedHealth Group, Inc	$3,251,000	–	49,642	–	0.45%	–
RDSA	New	Royal Dutch Shell Group A	$3,221,000	–	50,483	–	0.45%	–
MCHP	New	Microchip Tech	$3,201,000	–	85,933	–	0.44%	–
IM	New	Ingram Micro	$3,162,000	–	166,515	–	0.44%	–
AMSWA	New	American Software	$3,080,000	–	354,450	–	0.43%	–
HAL	New	Halliburton Co.	$3,014,000	–	72,233	–	0.42%	–
SFL	New	Ship Finance Int'l	$2,985,000	–	201,139	–	0.41%	–
AUY	New	Yamana Gold	$2,881,000	–	302,978	–	0.40%	–
TTE	New	Total SA ADR	$2,872,000	–	58,964	–	0.40%	–
ABT	New	Abbott Laboratories	$2,857,000	–	81,905	–	0.40%	–
GS	New	Goldman Sachs Group	$2,787,000	–	18,428	–	0.39%	–
DD	New	DuPont	$2,752,000	–	52,417	–	0.38%	–
CWT	New	California Water Service	$2,615,000	–	134,042	–	0.36%	–
BRCD	New	Brocade Communications Systems	$2,603,000	–	451,851	–	0.36%	–
TKR	New	Timken Company	$2,374,000	–	42,187	–	0.33%	–
CHK	New	Chesapeake Energy	$2,310,000	–	113,331	–	0.32%	–
E	New	ENI SPA ADR	$2,227,000	–	54,260	–	0.31%	–
BHP	New	BHP Billiton	$2,031,000	–	35,227	–	0.28%	–
NAFC	New	Nash Finch Company	$1,828,000	–	83,052	–	0.25%	–
PEP	New	Pepsico	$1,800,000	–	22,011	–	0.25%	–
FL	New	Foot Locker	$1,802,000	–	51,306	–	0.25%	–
HSBC	New	HSBC Holdings ADR	$1,757,000	–	33,853	–	0.24%	–
GDX	New	Market Vectors Gold Miners ETFetf	$1,553,000	–	63,427	–	0.22%	–
MRK	New	Merck & Co.	$1,514,000	–	32,599	–	0.21%	–
PETS	New	PetMed Express	$1,494,000	–	118,562	–	0.21%	–
RTN	New	Raytheon Co.	$1,421,000	–	21,497	–	0.20%	–
NYCB	New	New York Community	$1,409,000	–	100,613	–	0.20%	–
WDC	New	Western Digital	$1,346,000	–	21,680	–	0.19%	–
IAU	New	iShares Gold Trustetf	$1,318,000	–	109,904	–	0.18%	–
ANH	New	Anworth Mortgage Asset Corp	$1,249,000	–	222,953	–	0.17%	–
VCLT	New	Vanguard Long-Term Corporate Bond Fundetf	$1,172,000	–	14,134	–	0.16%	–
CA	New	CA Inc.	$1,164,000	–	40,678	–	0.16%	–
TNP	New	Tsakos Energy	$1,155,000	–	242,194	–	0.16%	–
TIP	New	iShares Barclays TIPS Bond Fundetf	$1,130,000	–	10,093	–	0.16%	–
KEY	New	Keycorp	$1,074,000	–	97,308	–	0.15%	–
PFE	New	Pfizer	$969,000	–	34,603	–	0.13%	–
EXC	New	Exelon	$895,000	–	28,969	–	0.12%	–
ESV	New	Ensco PLC	$858,000	–	14,764	–	0.12%	–
ALL	New	Allstate	$842,000	–	17,500	–	0.12%	–
MDT	New	Medtronic	$836,000	–	16,237	–	0.12%	–
EDC	New	Direxion Daily Emerging Markets Bull 3xetf	$829,000	–	35,428	–	0.12%	–
DZK	New	Direxion Daily Developed Markets Bull 3xetf	$818,000	–	17,533	–	0.11%	–
CAH	New	Cardinal Health	$804,000	–	17,032	–	0.11%	–
NEM	New	Newmont Mining Corp Holding Co.	$805,000	–	26,862	–	0.11%	–
SPXL	New	Direxion Daily S&P 500 Bull 3X Sharesetf	$743,000	–	18,017	–	0.10%	–
CSX	New	CSX	$621,000	–	26,789	–	0.09%	–
DIOD	New	Diodes	$596,000	–	22,955	–	0.08%	–
IWM	New	iShares Russell 2000 Index Fundetf	$339,000	–	3,490	–	0.05%	–
DRN	New	Direxion Daily Real Estate Bull 3xetf	$323,000	–	7,269	–	0.04%	–
IWN	New	iShares Russell 2000 Value Index Fundetf	$322,000	–	3,750	–	0.04%	–
MIDU	New	Direxion Daily Mid Cap Bull 3X Sharesetf	$307,000	–	5,659	–	0.04%	–
TNA	New	Direxion Daily Small Cap Bull 3X Sharesetf	$296,000	–	6,283	–	0.04%	–
TBF	New	ProShares Short 20 plus Year Treasuryetf	$208,000	–	6,625	–	0.03%	–

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