The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADIA HEALTHCARE CLASS A 00404A109 1,151 20,150 SH   SOLE   20,150 0 0
ADOBE INC COMMON 00724F101 4,473 9,410 SH   SOLE   9,410 0 0
ALIBABA GROUP HLDG SPN ADS 8 ORD SHS 01609W102 1,332 5,875 SH   SOLE   5,875 0 0
ALPHABET INC CLASS C 02079K107 2,079 1,005 SH   SOLE   1,005 0 0
ALPHABET INC CLASS A 02079K305 421 204 SH   SOLE   204 0 0
AMAZON COM INC COMMON 023135106 1,507 487 SH   SOLE   487 0 0
APPLE INC COMMON 037833100 2,405 19,690 SH   SOLE   19,690 0 0
BANK OF AMERICA CORP COMMON 060505104 2,581 66,700 SH   SOLE   66,700 0 0
BERKSHIRE HATHAWAY CLASS B 084670702 9,353 36,612 SH   SOLE   36,612 0 0
BRISTOL MYERS SQUIBB COMMON 110122108 6,262 99,200 SH   SOLE   99,200 0 0
CATERPILLAR INC COMMON 149123101 2,249 9,700 SH   SOLE   9,700 0 0
CITIGROUP INC COMMON 172967424 1,171 16,090 SH   SOLE   16,090 0 0
COMCAST CORP CLASS A 20030N101 1,732 32,000 SH   SOLE   32,000 0 0
CUMMINS INC COMMON 231021106 2,293 8,850 SH   SOLE   8,850 0 0
FACEBOOK INC CLASS A 30303M102 1,789 6,075 SH   SOLE   6,075 0 0
FEDEX CORP COMMON 31428X106 2,745 9,665 SH   SOLE   9,665 0 0
FREEPORT-MCMORAN INC COMMON 35671D857 3,616 109,800 SH   SOLE   109,800 0 0
GENERAL ELECTRIC CO COMMON 369604103 2,849 217,000 SH   SOLE   217,000 0 0
ISHARES MSCI GERMANY ETF 464286806 3,180 95,100 SH   SOLE   80,160 0 14,940
ISHARES RUSSELL 2000 ETF 464287655 8,634 39,077 SH   SOLE   37,537 0 1,540
ISHARES MSCI ACWI US ETF 464288240 18,550 336,180 SH   SOLE   305,280 0 30,900
ISHARES EAFE SML CP ETF 464288273 523 7,280 SH   SOLE   5,760 0 1,520
ISHARES U.S. MED DVC ETF 464288810 18,199 55,087 SH   SOLE   52,917 0 2,170
ISHARES INC MSCI CDA INDEX 464286509 7,233 212,415 SH   SOLE   182,375 0 30,040
ISHARES INC MSCI EMERG MRKT 464286533 350 5,540 SH   SOLE   4,340 0 1,200
ISHARES INC MSCI TAIWAN ETF 46434G772 8,559 142,745 SH   SOLE   119,695 0 23,050
ISHARES INC MSCI JAPAN ETF 46434G822 7,467 108,970 SH   SOLE   92,280 0 16,690
ISHARES TR PFD AND INCM SEC 464288687 807 21,010 SH   SOLE   20,410 0 600
JPMORGAN CHASE & CO COMMON 46625H100 6,295 41,350 SH   SOLE   41,350 0 0
LAS VEGAS SANDS CORP COMMON 517834107 925 15,225 SH   SOLE   15,225 0 0
LAZARD LTD SHARES A G54050102 1,579 36,300 SH   SOLE   36,300 0 0
LYONDELLBASELL INDUS SHARES A N53745100 786 7,550 SH   SOLE   7,550 0 0
MACYS INC COMMON 55616P104 1,961 121,110 SH   SOLE   121,110 0 0
MATTEL INC COMMON 577081102 1,984 99,600 SH   SOLE   99,600 0 0
MERCADOLIBRE INC COMMON 58733R102 2,223 1,510 SH   SOLE   1,510 0 0
MERCK & CO INC COMMON 58933Y105 508 6,585 SH   SOLE   6,585 0 0
METLIFE INC COMMON 59156R108 1,152 18,950 SH   SOLE   18,950 0 0
MICROSOFT CORP COMMON 594918104 10,289 43,640 SH   SOLE   43,640 0 0
OCCIDENTAL PETE CORP COMMON 674599105 801 30,100 SH   SOLE   30,100 0 0
OPKO HEALTH INC COMMON 68375N103 84 19,500 SH   SOLE   19,500 0 0
PFIZER INC COMMON 717081103 287 7,919 SH   SOLE   7,919 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 437 20,080 SH   SOLE   16,504 0 3,576
PROSHARES TR ULTRPRO S&P500 74347X864 22,749 251,820 SH   SOLE   251,820 0 0
PROSHARES TR ETF PSHS ULSHT 7-10Y 74347R313 1,279 73,985 SH   SOLE   73,985 0 0
ROYAL DUTCH SHELL SPON ADR B 780259107 361 9,800 SH   SOLE   9,800 0 0
ROYAL DUTCH SHELL SPONS ADR A 780259206 274 7,000 SH   SOLE   7,000 0 0
SEAGATE TECHNOLOGY COMMON G7945M107 1,458 19,000 SH   SOLE   19,000 0 0
SELECT SECTOR SPDR MATERIALS 81369Y100 17,194 218,201 SH   SOLE   208,991 0 9,210
SELECT SECTOR SPDR HEALTH CARE 81369Y209 17,645 151,150 SH   SOLE   144,770 0 6,380
SELECT SECTOR SPDR SBI INT-ENERGY 81369Y506 13,116 267,350 SH   SOLE   261,530 0 5,820
SELECT SECTOR SPDR AMEX FINANCIAL INDEX 81369Y605 14,210 417,330 SH   SOLE   408,340 0 8,990
SELECT SECTOR SPDR SBI INT-TECH 81369Y803 14,760 111,135 SH   SOLE   108,715 0 2,420
SPDR S&P 500 ETF TR UNITS SER 1 S&P 78462F103 69,763 176,023 SH   SOLE   173,893 0 2,130
SPDR S&P BIOTECH SPDR SERIES TRUST 78464A870 23,229 171,241 SH   SOLE   165,631 0 5,610
SPDR S&P MIDCAP 400 UTSER1 S&PDCRP 78467Y107 19,977 41,965 SH   SOLE   41,605 0 360
SPDR SERIES TRUST AEROSPACE DEF 78464A631 25,420 202,401 SH   SOLE   194,051 0 8,350
UNITED RENTALS INC COMMON 911363109 3,212 9,755 SH   SOLE   9,755 0 0
VANGUARD BD INDEX FD ETF SHORT TRM BOND 921937827 242 2,945 SH   SOLE   2,945 0 0
VANGUARD INDEX TR SMALL CAP GROWTH 922908595 4,160 15,145 SH   SOLE   14,525 0 620
VANGUARD INTL EQ IND PACIFIC 922042866 255 3,120 SH   SOLE   2,480 0 640
VANGUARD INTL EQ IND FTSE EUROPE ETF 922042874 357 5,660 SH   SOLE   4,430 0 1,230
WELLS FARGO & CO COMMON 949746101 992 25,400 SH   SOLE   25,400 0 0