Murphy Capital Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
BASF SE SPONSORED ADR	ADR	055262505	342	13,500	SH		SOLE		0	0	13,500
BP PLC ADR	ADR	055622104	399	9,845	SH		SOLE		0	0	9,845
DEUTSCHE POST AG SPONSORED ADR	ADR	25157Y202	401	9,125	SH		SOLE		0	0	9,125
DIAGEO ADR	ADR	25243Q205	666	4,925	SH		SOLE		0	0	4,925
GLAXOSMITHKLINE ADR	ADR	37733W105	242	6,200	SH		SOLE		0	0	6,200
JPMORGAN CHASE & CO ALERIAN ML	ADR	46625H365	1,101	45,875	SH		SOLE		0	0	45,875
NESTLE S A SPONSORED ADR	ADR	641069406	5,680	71,853	SH		SOLE		0	0	71,853
NOVARTIS AG ADR	ADR	66987V109	1,006	12,454	SH		SOLE		0	0	12,454
PHILIPS ELECTRONICS (KONINKLIJ	ADR	500472303	555	14,500	SH		SOLE		0	0	14,500
ROYAL DUTCH CL A ADR NEW	ADR	780259206	1,046	16,394	SH		SOLE		0	0	16,394
SHIRE PLC SPONSORED ADR	ADR	82481R106	857	5,741	SH		SOLE		0	0	5,741
SIEMENS A G SPONSORED ADR	ADR	826197501	1,711	26,780	SH		SOLE		0	0	26,780
UNILEVER PLC ADR	ADR	904767704	1,420	25,563	SH		SOLE		0	0	25,563
VODAFONE GROUP PLC ADR	ADR	92857W308	303	10,915	SH		SOLE		0	0	10,915
ABBOTT LABORATORIES	COM	002824100	1,444	24,107	SH		SOLE		0	0	24,107
ABBVIE INC. COM	COM	00287Y109	906	9,576	SH		SOLE		0	0	9,576
ADOBE SYSTEMS	COM	00724F101	411	1,905	SH		SOLE		0	0	1,905
AETNA	COM	00817Y108	676	4,000	SH		SOLE		0	0	4,000
AFLAC	COM	001055102	1,565	35,770	SH		SOLE		0	0	35,770
AIR PRODUCTS & CHEMICALS	COM	009158106	1,874	11,790	SH		SOLE		0	0	11,790
AIRTRONA INTL INC COM	COM	00950T106	0	70,000	SH		SOLE		0	0	70,000
ALIBABA GROUP HLDG LTD SPONSOR	COM	01609W102	313	1,710	SH		SOLE		0	0	1,710
ALLEGION PUB LTD CO ORD SHS	COM	G0176J109	798	9,367	SH		SOLE		0	0	9,367
ALLERGAN PLC SHS	COM	G0177J108	570	3,392	SH		SOLE		0	0	3,392
ALLSTATE CORP	COM	020002101	241	2,550	SH		SOLE		0	0	2,550
ALPHABET INC CAP STK CL A	COM	02079K305	5,074	4,893	SH		SOLE		0	0	4,893
ALPHABET INC CAP STK CL C	COM	02079K107	6,047	5,861	SH		SOLE		0	0	5,861
ALTRIA GROUP	COM	02209S103	9,315	149,473	SH		SOLE		0	0	149,473
AMAZON	COM	023135106	14,467	9,996	SH		SOLE		0	0	9,996
AMERICAN ELECTRIC POWER	COM	025537101	1,593	23,225	SH		SOLE		0	0	23,225
AMERICAN EXPRESS	COM	025816109	2,022	21,685	SH		SOLE		0	0	21,685
AMERICAN INTL GROUP COM NEW	COM	026874784	3,579	65,773	SH		SOLE		0	0	65,773
AMERICAN STATES WATER	COM	029899101	814	15,350	SH		SOLE		0	0	15,350
AMERICAN TOWER REIT COM	COM	03027X100	319	2,200	SH		SOLE		0	0	2,200
AMERICAN WTR WKS CO IN COM	COM	030420103	1,203	14,658	SH		SOLE		0	0	14,658
AMGEN	COM	031162100	1,955	11,468	SH		SOLE		0	0	11,468
ANADARKO PETROLEUM	COM	032511107	348	5,775	SH		SOLE		0	0	5,775
APACHE	COM	037411105	274	7,141	SH		SOLE		0	0	7,141
APPLE COMPUTER	COM	037833100	27,150	161,819	SH		SOLE		0	0	161,819
AQUA AMERICA	COM	03836W103	513	15,062	SH		SOLE		0	0	15,062
AT&T, INC.	COM	00206R102	5,674	159,162	SH		SOLE		0	0	159,162
ATMOS ENERGY	COM	049560105	517	6,144	SH		SOLE		0	0	6,144
AUTOMATIC DATA PROCESSING	COM	053015103	513	4,524	SH		SOLE		0	0	4,524
BAIDU.COM ADS	COM	056752108	408	1,830	SH		SOLE		0	0	1,830
BANK OF AMERICA	COM	060505104	1,138	37,960	SH		SOLE		0	0	37,960
BANK OF NEW YORK MELLON CORPOR	COM	064058100	228	4,438	SH		SOLE		0	0	4,438
BAXTER INTERNATIONAL	COM	071813109	1,370	21,071	SH		SOLE		0	0	21,071
BECTON DICKINSON	COM	075887109	2,049	9,457	SH		SOLE		0	0	9,457
BELL CANADA ENTERPRISES (NEW)	COM	05534B760	530	12,331	SH		SOLE		0	0	12,331
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	9,216	46,202	SH		SOLE		0	0	46,202
BIOTECHNOLOGY	COM	464287556	3,244	30,395	SH		SOLE		0	0	30,395
BLACK HILLS	COM	092113109	302	5,570	SH		SOLE		0	0	5,570
BOEING	COM	097023105	14,372	43,835	SH		SOLE		0	0	43,835
BRISTOL MYERS SQUIBB	COM	110122108	4,668	73,817	SH		SOLE		0	0	73,817
CALIFORNIA WATER SERVICE GROUP	COM	130788102	268	7,200	SH		SOLE		0	0	7,200
CANADIAN NATIONAL RAILWAY	COM	136375102	446	6,100	SH		SOLE		0	0	6,100
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	1,522	8,625	SH		SOLE		0	0	8,625
CATERPILLAR	COM	149123101	1,844	12,515	SH		SOLE		0	0	12,515
CELGENE	COM	151020104	2,375	26,623	SH		SOLE		0	0	26,623
CENTENE CORP DEL COM	COM	15135B101	530	4,960	SH		SOLE		0	0	4,960
CENTERPOINT ENERGY	COM	15189t107	4,657	169,974	SH		SOLE		0	0	169,974
CHEVRON CORP	COM	166764100	5,561	48,763	SH		SOLE		0	0	48,763
CHINA GOLD CORP COM	COM	16938L106	0	140,000	SH		SOLE		0	0	140,000
CIGNA	COM	125509109	2,038	12,155	SH		SOLE		0	0	12,155
CISCO SYSTEMS	COM	17275R102	2,545	59,357	SH		SOLE		0	0	59,357
CITIGROUP	COM	172967424	2,270	33,640	SH		SOLE		0	0	33,640
CLEARBRIDGE ENERGY MLP COM	COM	184692101	162	12,885	SH		SOLE		0	0	12,885
CLOROX COMPANY	COM	189054109	1,117	8,398	SH		SOLE		0	0	8,398
CMS ENERGY	COM	125896100	236	5,225	SH		SOLE		0	0	5,225
COCA COLA	COM	191216100	6,101	140,489	SH		SOLE		0	0	140,489
COLGATE PALMOLIVE	COM	194162103	2,158	30,110	SH		SOLE		0	0	30,110
COMCAST CORP CL A	COM	20030N101	2,866	83,891	SH		SOLE		0	0	83,891
CONOCOPHILLIPS	COM	20825C104	737	12,440	SH		SOLE		0	0	12,440
CONSOLIDATED EDISON	COM	209115104	1,756	22,533	SH		SOLE		0	0	22,533
CONSTELLATION BRANDS	COM	21036P108	478	2,100	SH		SOLE		0	0	2,100
CORNING	COM	219350105	429	15,415	SH		SOLE		0	0	15,415
COSTCO WHOLESALE	COM	22160K105	562	2,985	SH		SOLE		0	0	2,985
CSX	COM	126408103	2,929	52,576	SH		SOLE		0	0	52,576
DANAHER	COM	235851102	303	3,100	SH		SOLE		0	0	3,100
DOMINION RESOURCES	COM	25746U109	2,454	36,401	SH		SOLE		0	0	36,401
DOWDUPONT INC COM	COM	26078J100	6,009	94,327	SH		SOLE		0	0	94,327
DTE ENERGY	COM	233331107	288	2,765	SH		SOLE		0	0	2,765
DUKE ENERGY CORP NEW	COM	26441c204	2,642	34,105	SH		SOLE		0	0	34,105
DUKE REALTY INVESTMENTS	COM	264411505	427	16,132	SH		SOLE		0	0	16,132
EASTMAN CHEMICAL	COM	277432100	728	6,900	SH		SOLE		0	0	6,900
EATON CORP PLC SHS	COM	G29183103	203	2,550	SH		SOLE		0	0	2,550
EDISON INTERNATIONAL	COM	281020107	411	6,466	SH		SOLE		0	0	6,466
EDWARDS LIFESCIENCES	COM	28176E108	558	4,004	SH		SOLE		0	0	4,004
ELI LILLY	COM	532457108	1,453	18,782	SH		SOLE		0	0	18,782
EMERSON ELECTRIC	COM	291011104	1,075	15,747	SH		SOLE		0	0	15,747
ENERGY TRANSFER EQUITY COM UT	COM	29273V100	188	13,250	SH		SOLE		0	0	13,250
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	3,115	127,284	SH		SOLE		0	0	127,284
EOG RESOURCES	COM	26875P101	503	4,786	SH		SOLE		0	0	4,786
EVERSOURCE ENERGY COM	COM	30040W108	319	5,421	SH		SOLE		0	0	5,421
EXXON MOBIL	COM	30231G102	9,797	131,313	SH		SOLE		0	0	131,313
F M C CORP COM NEW	COM	302491303	321	4,200	SH		SOLE		0	0	4,200
FACEBOOK INC CL A	COM	30303M102	11,122	69,604	SH		SOLE		0	0	69,604
FEDEX	COM	31428x106	4,467	18,604	SH		SOLE		0	0	18,604
GENERAL DYNAMICS	COM	369550108	4,020	18,199	SH		SOLE		0	0	18,199
GENERAL MILLS	COM	370334104	2,309	51,254	SH		SOLE		0	0	51,254
GILEAD SCIENCES	COM	375558103	498	6,610	SH		SOLE		0	0	6,610
GLOBAL WTR RES INC COM	COM	379463102	89	10,000	SH		SOLE		0	0	10,000
GOLDMAN SACHS GROUP	COM	38141G104	1,800	7,150	SH		SOLE		0	0	7,150
HALLIBURTON	COM	406216101	335	7,150	SH		SOLE		0	0	7,150
HERSHEY COMPANY	COM	427866108	1,714	17,330	SH		SOLE		0	0	17,330
HOME DEPOT	COM	437076102	16,794	94,222	SH		SOLE		0	0	94,222
HONEYWELL INTERNATIONAL	COM	438516106	7,212	49,910	SH		SOLE		0	0	49,910
HUNTSMAN CORP COM	COM	447011107	351	12,000	SH		SOLE		0	0	12,000
IBM	COM	459200101	5,861	38,201	SH		SOLE		0	0	38,201
ICON PLC SHS	COM	G4705A100	324	2,750	SH		SOLE		0	0	2,750
ILLINOIS TOOL WORKS	COM	452308109	420	2,685	SH		SOLE		0	0	2,685
INGERSOLL RAND	COM	G47791101	3,241	37,913	SH		SOLE		0	0	37,913
INTEL	COM	458140100	1,632	31,341	SH		SOLE		0	0	31,341
INTERNATIONAL PAPER	COM	460146103	3,368	63,039	SH		SOLE		0	0	63,039
JOHNSON & JOHNSON	COM	478160104	13,107	102,282	SH		SOLE		0	0	102,282
JP MORGAN CHASE	COM	46625H100	11,800	107,308	SH		SOLE		0	0	107,308
KANSAS CITY SOUTHERN	COM	485170302	507	4,622	SH		SOLE		0	0	4,622
KELLOGG	COM	487836108	263	4,050	SH		SOLE		0	0	4,050
KIMBERLY CLARK	COM	494368103	2,310	20,981	SH		SOLE		0	0	20,981
KRAFT HEINZ CO COM	COM	500754106	909	14,608	SH		SOLE		0	0	14,608
KROGER	COM	501044101	754	31,496	SH		SOLE		0	0	31,496
L3 TECHNOLOGIES INC COM	COM	502413107	699	3,365	SH		SOLE		0	0	3,365
LABORATORY CORP OF AMERICA	COM	50540R409	202	1,250	SH		SOLE		0	0	1,250
LAM RESEARCH	COM	512807108	1,279	6,300	SH		SOLE		0	0	6,300
LEAR CORP	COM	521865204	1,754	9,426	SH		SOLE		0	0	9,426
LOCKHEED MARTIN	COM	539830109	3,115	9,219	SH		SOLE		0	0	9,219
LOWES COMPANIES	COM	548661107	2,515	28,670	SH		SOLE		0	0	28,670
LYONDELLBASELL INDUSTR SHS - A	COM	N53745100	237	2,250	SH		SOLE		0	0	2,250
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	2,230	38,222	SH		SOLE		0	0	38,222
MAGNA INTL INC CL A	COM	559222401	399	7,085	SH		SOLE		0	0	7,085
MASTERCARD INC COM	COM	57636Q104	2,042	11,660	SH		SOLE		0	0	11,660
MCCORMICK & CO INC COM NON VTG	COM	579780206	531	5,000	SH		SOLE		0	0	5,000
MCDONALDS	COM	580135101	7,324	46,838	SH		SOLE		0	0	46,838
MCKESSON	COM	58155Q103	1,049	7,450	SH		SOLE		0	0	7,450
MEDTRONIC	COM	G5960L103	393	4,902	SH		SOLE		0	0	4,902
MERCK & CO INC NEW COM	COM	58933Y105	2,426	44,546	SH		SOLE		0	0	44,546
MGE ENERGY INC COM	COM	55277P104	298	5,325	SH		SOLE		0	0	5,325
MICROSOFT	COM	594918104	7,186	78,744	SH		SOLE		0	0	78,744
MID-AMERICA APARTMENT COMMUNIT	COM	59522J103	223	2,450	SH		SOLE		0	0	2,450
MIDDLESEX WATER	COM	596680108	280	7,650	SH		SOLE		0	0	7,650
MIMEDX GROUP INC COM	COM	602496101	172	24,700	SH		SOLE		0	0	24,700
MMM (3M COMPANY)	COM	88579Y101	11,883	54,135	SH		SOLE		0	0	54,135
MONDELEZ INTL INC CL A	COM	609207105	400	9,594	SH		SOLE		0	0	9,594
NETFLIX	COM	64110L106	1,311	4,441	SH		SOLE		0	0	4,441
NEW JERSEY RESOURCES	COM	646025106	224	5,593	SH		SOLE		0	0	5,593
NEXTERA ENERGY INC COM	COM	65339F101	1,028	6,300	SH		SOLE		0	0	6,300
NORFOLK SOUTHERN	COM	655844108	1,448	10,670	SH		SOLE		0	0	10,670
NORTHERN TRUST	COM	665859104	226	2,200	SH		SOLE		0	0	2,200
NORTHROP GRUMMAN	COM	666807102	1,166	3,342	SH		SOLE		0	0	3,342
OCCIDENTAL PETROLEUM	COM	674599105	427	6,584	SH		SOLE		0	0	6,584
ONEOK	COM	682680103	212	3,732	SH		SOLE		0	0	3,732
ORACLE	COM	68389X105	885	19,353	SH		SOLE		0	0	19,353
OTTER TAIL	COM	689648103	216	5,000	SH		SOLE		0	0	5,000
OWENS CORNING NEW COM	COM	690742101	715	8,900	SH		SOLE		0	0	8,900
PEPSICO	COM	713448108	6,147	56,319	SH		SOLE		0	0	56,319
PFIZER	COM	717081103	2,159	60,840	SH		SOLE		0	0	60,840
PHILIP MORRIS INTL INC COM	COM	718172109	2,385	23,995	SH		SOLE		0	0	23,995
PIONEER NATURAL RESOURCES	COM	723787107	18,872	109,862	SH		SOLE		0	0	109,862
PORTLAND GEN ELEC CO COM NEW	COM	736508847	236	5,850	SH		SOLE		0	0	5,850
PPG INDUSTRIES	COM	693506107	870	7,800	SH		SOLE		0	0	7,800
PPL	COM	69351T106	283	10,024	SH		SOLE		0	0	10,024
PREFERRED APT CMNTYS COM	COM	74039L103	188	13,300	SH		SOLE		0	0	13,300
PREMIER LASER SYS INC CL A	COM	740522107	0	10,400	SH		SOLE		0	0	10,400
PROCTER & GAMBLE	COM	742718109	7,487	94,447	SH		SOLE		0	0	94,447
PRUDENTIAL FINANCIAL	COM	744320102	452	4,366	SH		SOLE		0	0	4,366
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	1,866	37,159	SH		SOLE		0	0	37,159
RAYTHEON	COM	755111507	1,821	8,438	SH		SOLE		0	0	8,438
REALTY INCOME CORP COM	COM	756109104	265	5,125	SH		SOLE		0	0	5,125
ROCKWELL AUTOMATION	COM	773903109	1,213	6,965	SH		SOLE		0	0	6,965
ROCKWELL COLLINS INC COM	COM	774341101	726	5,390	SH		SOLE		0	0	5,390
ROPER INDUSTRIES	COM	776696106	1,010	3,600	SH		SOLE		0	0	3,600
SALESFORCE COM INC COM	COM	79466L302	1,303	11,210	SH		SOLE		0	0	11,210
SCHLUMBERGER	COM	806857108	2,033	31,386	SH		SOLE		0	0	31,386
SEAGATE TECHNOLOGY PLC SHS	COM	G7945M107	302	5,175	SH		SOLE		0	0	5,175
SONY CORP ADR	COM	835699307	203	4,200	SH		SOLE		0	0	4,200
SOUTHERN COMPANY	COM	842587107	1,300	29,109	SH		SOLE		0	0	29,109
STANLEY BLACK & DECKER COM	COM	854502101	509	3,325	SH		SOLE		0	0	3,325
STARBUCKS	COM	855244109	4,636	80,099	SH		SOLE		0	0	80,099
STRYKER	COM	863667101	4,579	28,460	SH		SOLE		0	0	28,460
SYSCO	COM	871829107	326	5,450	SH		SOLE		0	0	5,450
T-MOBILE US INC COM	COM	872590104	265	4,350	SH		SOLE		0	0	4,350
TIME WARNER	COM	887317303	246	2,605	SH		SOLE		0	0	2,605
TITAN MED INC COM	COM	88830X108	2	10,250	SH		SOLE		0	0	10,250
UBS AG JERSEY BRH ALERIAN INFR	COM	902641646	778	36,845	SH		SOLE		0	0	36,845
UGI CORP	COM	902681105	617	13,900	SH		SOLE		0	0	13,900
UNION PACIFIC	COM	907818108	5,439	40,465	SH		SOLE		0	0	40,465
UNITED PARCEL SERVICE CL B	COM	911312106	4,814	45,998	SH		SOLE		0	0	45,998
UNITED TECHNOLOGIES	COM	913017109	10,361	82,354	SH		SOLE		0	0	82,354
UNITEDHEALTH GROUP	COM	91324P102	3,095	14,466	SH		SOLE		0	0	14,466
URBAN EDGE PPTYS COM	COM	91704F104	236	11,100	SH		SOLE		0	0	11,100
VALERO ENERGY	COM	91913Y100	204	2,200	SH		SOLE		0	0	2,200
VERIZON COMMUNICATIONS	COM	92343V104	10,624	222,183	SH		SOLE		0	0	222,183
VISA INC COM CL A	COM	92826C839	9,149	76,489	SH		SOLE		0	0	76,489
VMWARE INC CL A COM	COM	928563402	278	2,300	SH		SOLE		0	0	2,300
WAL-MART STORES	COM	931142103	2,252	25,319	SH		SOLE		0	0	25,319
WALKER INNOVATION INC COM	COM	931661102	4	10,000	SH		SOLE		0	0	10,000
WALT DISNEY	COM	254687106	9,148	91,088	SH		SOLE		0	0	91,088
WEC ENERGY GROUP INC COM	COM	92939U106	397	6,337	SH		SOLE		0	0	6,337
WELLS FARGO	COM	949746101	964	18,397	SH		SOLE		0	0	18,397
WESTAR ENERGY	COM	95709T100	418	7,950	SH		SOLE		0	0	7,950
WHIRLPOOL	COM	963320106	334	2,185	SH		SOLE		0	0	2,185
WORTHINGTON INDUSTRIES	COM	981811102	278	6,500	SH		SOLE		0	0	6,500
XYLEM INC COM	COM	98419M100	644	8,375	SH		SOLE		0	0	8,375
ALPS ETF TR MED BREAKTHGH	COM	00162Q593	239	7,000	SH		SOLE		0	0	7,000
DJ SELECT DIVIDEND	COM	464287168	248	2,612	SH		SOLE		0	0	2,612
DJ US BASIC MATERIALS	COM	464287838	299	3,115	SH		SOLE		0	0	3,115
DJ US ENERGY	COM	464287796	465	12,594	SH		SOLE		0	0	12,594
DJ US HEALTHCARE	COM	464287762	7,713	44,689	SH		SOLE		0	0	44,689
DJ US HEALTHCARE PROVIDERS	COM	464288828	3,385	21,440	SH		SOLE		0	0	21,440
DJ US MEDICAL DEVICES	COM	464288810	2,440	13,190	SH		SOLE		0	0	13,190
DJ US TECHNOLOGY	COM	464287721	2,182	12,973	SH		SOLE		0	0	12,973
DJ US TRANSPORTATION	COM	464287192	243	1,300	SH		SOLE		0	0	1,300
DJ US UTILITIES SECTOR	COM	464287697	708	5,560	SH		SOLE		0	0	5,560
EXCHANGE TRADED CONCEP ROBO GL	COM	301505707	3,105	74,259	SH		SOLE		0	0	74,259
FIRST TR EXCH TRD FD DJ INTERN	COM	33733E302	13,017	108,030	SH		SOLE		0	0	108,030
FIRST TR ISE WTR INDEX COM ETF	COM	33733B100	202	4,250	SH		SOLE		0	0	4,250
GOLDMAN SACHS SOFTWARE	COM	464287515	449	2,650	SH		SOLE		0	0	2,650
GOLDMAN SACHS TECHNOLOGY	COM	464287549	238	1,330	SH		SOLE		0	0	1,330
ISHARES INC MSCI JPN ETF NEW	COM	46434G822	2,922	48,164	SH		SOLE		0	0	48,164
ISHARES TR DJ PHARMA INDX	COM	464288836	4,081	27,665	SH		SOLE		0	0	27,665
ISHARES TR DJ US FINL SEC	COM	464287788	1,840	15,620	SH		SOLE		0	0	15,620
ISHARES TR DJ US REAL EST	COM	464287739	201	2,675	SH		SOLE		0	0	2,675
ISHARES TR HGH DIV EQT FD	COM	46429B663	205	2,430	SH		SOLE		0	0	2,430
ISHARES TR MSCI ACWI EX	COM	464288240	377	7,595	SH		SOLE		0	0	7,595
ISHARES TR MSCI INDIA ETF	COM	46429B598	2,433	71,295	SH		SOLE		0	0	71,295
ISHARES TR RESIDENT INDEX	COM	464288562	356	6,181	SH		SOLE		0	0	6,181
ISHARES TR S&P 500 INDEX	COM	464287200	267	1,008	SH		SOLE		0	0	1,008
ISHARES TR S&P GL C STAPL	COM	464288737	364	3,630	SH		SOLE		0	0	3,630
ISHARES TR S&P GLO INFRAS	COM	464288372	1,821	42,510	SH		SOLE		0	0	42,510
MSCI BRAZIL	COM	464286400	234	5,215	SH		SOLE		0	0	5,215
MSCI EAFE	COM	464287465	4,339	62,278	SH		SOLE		0	0	62,278
MSCI EMERGING MARKET	COM	464287234	1,696	35,145	SH		SOLE		0	0	35,145
MSCI SOUTH KOREA	COM	464286772	844	11,190	SH		SOLE		0	0	11,190
POWERSHARES ETF TRUST CON STAP	COM	73935X393	678	10,115	SH		SOLE		0	0	10,115
POWERSHARES ETF TRUST ENERGY S	COM	73935X385	356	9,417	SH		SOLE		0	0	9,417
POWERSHARES ETF TRUST NASD INT	COM	73935X146	250	1,960	SH		SOLE		0	0	1,960
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	18,702	116,796	SH		SOLE		0	0	116,796
RUSSELL 2000 GROWTH	COM	464287648	523	2,749	SH		SOLE		0	0	2,749
RUSSELL MIDCAP GROWTH	COM	464287481	1,142	9,291	SH		SOLE		0	0	9,291
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y407	11,253	111,103	SH		SOLE		0	0	111,103
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y308	6,412	121,837	SH		SOLE		0	0	121,837
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	12,618	457,678	SH		SOLE		0	0	457,678
SP 500 GROWTH	COM	464287309	372	2,399	SH		SOLE		0	0	2,399
SP 500 VALUE	COM	464287408	311	2,850	SH		SOLE		0	0	2,850
SP 600 SMALLCAP	COM	464287804	206	2,675	SH		SOLE		0	0	2,675
SPDR DOW JONES INDL AV UT SER	COM	78467X109	7,476	30,972	SH		SOLE		0	0	30,972
SPDR ENERGY	COM	81369Y506	2,782	41,271	SH		SOLE		0	0	41,271
SPDR HEALTH CARE	COM	81369y209	15,054	184,942	SH		SOLE		0	0	184,942
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	949	23,570	SH		SOLE		0	0	23,570
SPDR INDUSTRIAL SECTOR	COM	81369y704	10,717	144,265	SH		SOLE		0	0	144,265
SPDR MATERIALS SECTOR	COM	81369y100	2,352	41,311	SH		SOLE		0	0	41,311
SPDR MID CAP 400	COM	78467Y107	210	616	SH		SOLE		0	0	616
SPDR SERIES TRUST NYSE TECH ET	COM	78464A102	2,326	26,159	SH		SOLE		0	0	26,159
SPDR SERIES TRUST S&P BIOTECH	COM	78464A870	1,846	21,045	SH		SOLE		0	0	21,045
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	402	9,075	SH		SOLE		0	0	9,075
SPDR SP500 TRUST SR 1	COM	78462F103	18,975	72,110	SH		SOLE		0	0	72,110
SPDR UTILITIES SELECT	COM	81369Y886	4,509	89,236	SH		SOLE		0	0	89,236
STREETTRACKS GOLD SHARES	COM	78463v107	3,096	24,617	SH		SOLE		0	0	24,617
STREETTRACKS INDEX SHS DJ STOX	COM	78463X103	1,687	48,725	SH		SOLE		0	0	48,725
TECHNOLOGY SELECT SECT SPDR ET	COM	81369Y803	4,970	75,972	SH		SOLE		0	0	75,972
VANECK VECTORS ETF TR AGRIBUSI	COM	92189F700	746	12,068	SH		SOLE		0	0	12,068
VANECK VECTORS ETF TR BIOTECH	COM	92189F726	5,748	47,762	SH		SOLE		0	0	47,762
VANGUARD EMERGING MARKETS VIPE	COM	922042858	602	12,832	SH		SOLE		0	0	12,832
VANGUARD INDEX FDS GROWTH ETF	COM	922908736	305	2,152	SH		SOLE		0	0	2,152
VANGUARD INTL EQTY IDX ALLWRLD	COM	922042775	1,170	21,527	SH		SOLE		0	0	21,527
VANGUARD INTL EQTY IDX EURPEAN	COM	922042874	226	3,900	SH		SOLE		0	0	3,900
VANGUARD TELECOM SERVICES VIPE	COM	92204A884	2,866	34,262	SH		SOLE		0	0	34,262
VANGUARD WORLD FDS HEALTH CAR	COM	92204A504	1,407	9,165	SH		SOLE		0	0	9,165
VANGUARD WORLD FDS INF TECH ET	COM	92204A702	14,631	85,564	SH		SOLE		0	0	85,564
WISDOMTREE TR US QLT SHRHD YLD	COM	97717W547	782	9,693	SH		SOLE		0	0	9,693
HANCOCK JOHN INV TRUST LARGE C	MF	41013P103	219	4,564	SH		SOLE		0	0	4,564