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
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALIBABA GROUP HLDG LTD SPONSOR	ADR	01609W102	307	1,660	SH		SOLE		0	0	1,660
BAIDU.COM ADS	ADR	056752108	444	1,830	SH		SOLE		0	0	1,830
BASF SE SPONSORED ADR	ADR	055262505	334	14,000	SH		SOLE		0	0	14,000
BP PLC ADR	ADR	055622104	632	13,845	SH		SOLE		0	0	13,845
DIAGEO ADR	ADR	25243Q205	740	5,140	SH		SOLE		0	0	5,140
ENSCO PLC SHS CLASS A	ADR	G3157S106	155	21,450	SH		SOLE		0	0	21,450
GLAXOSMITHKLINE ADR	ADR	37733W105	247	6,150	SH		SOLE		0	0	6,150
ICON PLC SHS	ADR	G4705A100	361	2,725	SH		SOLE		0	0	2,725
JPMORGAN CHASE & CO ALERIAN ML	ADR	46625H365	1,160	43,675	SH		SOLE		0	0	43,675
LYONDELLBASELL INDUSTR SHS - A	ADR	N53745100	277	2,525	SH		SOLE		0	0	2,525
NESTLE S A SPONSORED ADR	ADR	641069406	5,427	70,100	SH		SOLE		0	0	70,100
NOVARTIS AG ADR	ADR	66987V109	927	12,273	SH		SOLE		0	0	12,273
PHILIPS ELECTRONICS (KONINKLIJ	ADR	500472303	612	14,500	SH		SOLE		0	0	14,500
ROYAL DUTCH CL A ADR NEW	ADR	780259206	1,160	16,759	SH		SOLE		0	0	16,759
SHIRE PLC SPONSORED ADR	ADR	82481R106	496	2,940	SH		SOLE		0	0	2,940
SIEMENS A G SPONSORED ADR	ADR	826197501	1,647	25,005	SH		SOLE		0	0	25,005
SONY CORP ADR	ADR	835699307	215	4,200	SH		SOLE		0	0	4,200
TENCENT HLDGS LTD ADR	ADR	88032Q109	246	4,900	SH		SOLE		0	0	4,900
UNILEVER PLC ADR	ADR	904767704	1,569	28,388	SH		SOLE		0	0	28,388
VODAFONE GROUP PLC ADR	ADR	92857W308	248	10,215	SH		SOLE		0	0	10,215
ABBOTT LABORATORIES	COM	002824100	1,426	23,382	SH		SOLE		0	0	23,382
ABBVIE INC. COM	COM	00287Y109	750	8,101	SH		SOLE		0	0	8,101
ADOBE SYSTEMS	COM	00724F101	482	1,980	SH		SOLE		0	0	1,980
AETNA	COM	00817Y108	734	4,000	SH		SOLE		0	0	4,000
AFLAC	COM	001055102	1,648	38,320	SH		SOLE		0	0	38,320
AIR PRODUCTS & CHEMICALS	COM	009158106	1,814	11,650	SH		SOLE		0	0	11,650
AIRTRONA INTL INC COM	COM	00950T106	0	70,000	SH		SOLE		0	0	70,000
ALLEGION PUB LTD CO ORD SHS	COM	G0176J109	751	9,710	SH		SOLE		0	0	9,710
ALLERGAN PLC SHS	COM	G0177J108	554	3,324	SH		SOLE		0	0	3,324
ALLISON TRANSMISSION H COM	COM	01973R101	249	6,150	SH		SOLE		0	0	6,150
ALLSTATE CORP	COM	020002101	303	3,325	SH		SOLE		0	0	3,325
ALPHABET INC CAP STK CL A	COM	02079K305	5,434	4,813	SH		SOLE		0	0	4,813
ALPHABET INC CAP STK CL C	COM	02079K107	6,520	5,845	SH		SOLE		0	0	5,845
ALTRIA GROUP	COM	02209S103	8,071	142,127	SH		SOLE		0	0	142,127
AMAZON	COM	023135106	16,523	9,721	SH		SOLE		0	0	9,721
AMERICAN ELECTRIC POWER	COM	025537101	1,626	23,485	SH		SOLE		0	0	23,485
AMERICAN EXPRESS	COM	025816109	2,121	21,650	SH		SOLE		0	0	21,650
AMERICAN INTL GROUP COM NEW	COM	026874784	3,427	64,640	SH		SOLE		0	0	64,640
AMERICAN STATES WATER	COM	029899101	877	15,350	SH		SOLE		0	0	15,350
AMERICAN TOWER REIT COM	COM	03027X100	500	3,475	SH		SOLE		0	0	3,475
AMERICAN WTR WKS CO IN COM	COM	030420103	1,439	16,855	SH		SOLE		0	0	16,855
AMGEN	COM	031162100	2,036	11,031	SH		SOLE		0	0	11,031
ANADARKO PETROLEUM	COM	032511107	426	5,825	SH		SOLE		0	0	5,825
APACHE	COM	037411105	254	5,441	SH		SOLE		0	0	5,441
APPLE COMPUTER	COM	037833100	29,347	158,538	SH		SOLE		0	0	158,538
AQUA AMERICA	COM	03836W103	638	18,137	SH		SOLE		0	0	18,137
AT&T, INC.	COM	00206R102	5,126	159,668	SH		SOLE		0	0	159,668
ATLASSIAN CORP PLC CL A	COM	G06242104	284	4,550	SH		SOLE		0	0	4,550
ATMOS ENERGY	COM	049560105	549	6,094	SH		SOLE		0	0	6,094
AUTOMATIC DATA PROCESSING	COM	053015103	603	4,499	SH		SOLE		0	0	4,499
BANK OF AMERICA	COM	060505104	1,074	38,110	SH		SOLE		0	0	38,110
BANK OF NEW YORK MELLON CORPOR	COM	064058100	239	4,438	SH		SOLE		0	0	4,438
BAXTER INTERNATIONAL	COM	071813109	1,556	21,078	SH		SOLE		0	0	21,078
BECTON DICKINSON	COM	075887109	2,229	9,307	SH		SOLE		0	0	9,307
BELL CANADA ENTERPRISES (NEW)	COM	05534B760	479	11,831	SH		SOLE		0	0	11,831
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	8,890	47,632	SH		SOLE		0	0	47,632
BIOGEN IDEC INC	COM	09062X103	355	1,225	SH		SOLE		0	0	1,225
BIOTECHNOLOGY	COM	464287556	3,300	30,055	SH		SOLE		0	0	30,055
BLACK HILLS	COM	092113109	331	5,420	SH		SOLE		0	0	5,420
BOEING	COM	097023105	14,469	43,125	SH		SOLE		0	0	43,125
BRISTOL MYERS SQUIBB	COM	110122108	4,022	72,695	SH		SOLE		0	0	72,695
CALIFORNIA WATER SERVICE GROUP	COM	130788102	280	7,200	SH		SOLE		0	0	7,200
CANADIAN NATIONAL RAILWAY	COM	136375102	494	6,050	SH		SOLE		0	0	6,050
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	1,624	8,875	SH		SOLE		0	0	8,875
CATERPILLAR	COM	149123101	1,630	12,015	SH		SOLE		0	0	12,015
CELGENE	COM	151020104	2,019	25,433	SH		SOLE		0	0	25,433
CENTENE CORP DEL COM	COM	15135B101	611	4,960	SH		SOLE		0	0	4,960
CENTERPOINT ENERGY	COM	15189t107	4,790	172,874	SH		SOLE		0	0	172,874
CHEVRON CORP	COM	166764100	6,272	49,613	SH		SOLE		0	0	49,613
CHINA GOLD CORP COM	COM	16938L106	0	140,000	SH		SOLE		0	0	140,000
CIGNA	COM	125509109	1,976	11,630	SH		SOLE		0	0	11,630
CISCO SYSTEMS	COM	17275R102	2,470	57,407	SH		SOLE		0	0	57,407
CITIGROUP	COM	172967424	2,318	34,641	SH		SOLE		0	0	34,641
CLEARBRIDGE ENERGY MLP COM	COM	184692101	177	12,585	SH		SOLE		0	0	12,585
CLOROX COMPANY	COM	189054109	1,034	7,648	SH		SOLE		0	0	7,648
CMS ENERGY	COM	125896100	254	5,375	SH		SOLE		0	0	5,375
COCA COLA	COM	191216100	5,952	135,708	SH		SOLE		0	0	135,708
COLGATE PALMOLIVE	COM	194162103	1,838	28,360	SH		SOLE		0	0	28,360
COMCAST CORP CL A	COM	20030N101	2,674	81,521	SH		SOLE		0	0	81,521
CONOCOPHILLIPS	COM	20825C104	968	13,905	SH		SOLE		0	0	13,905
CONSOLIDATED EDISON	COM	209115104	1,737	22,278	SH		SOLE		0	0	22,278
CONSTELLATION BRANDS	COM	21036P108	448	2,050	SH		SOLE		0	0	2,050
CORNING	COM	219350105	391	14,215	SH		SOLE		0	0	14,215
COSTCO WHOLESALE	COM	22160K105	623	2,985	SH		SOLE		0	0	2,985
CSX	COM	126408103	3,303	51,791	SH		SOLE		0	0	51,791
DANAHER	COM	235851102	320	3,250	SH		SOLE		0	0	3,250
DOCUSIGN INC COM	COM	256163106	343	6,485	SH		SOLE		0	0	6,485
DOMINION RESOURCES	COM	25746U109	2,440	35,800	SH		SOLE		0	0	35,800
DOWDUPONT INC COM	COM	26078J100	6,252	94,856	SH		SOLE		0	0	94,856
DTE ENERGY	COM	233331107	286	2,765	SH		SOLE		0	0	2,765
DUKE ENERGY CORP NEW	COM	26441c204	2,672	33,794	SH		SOLE		0	0	33,794
DUKE REALTY INVESTMENTS	COM	264411505	523	18,032	SH		SOLE		0	0	18,032
EASTMAN CHEMICAL	COM	277432100	674	6,750	SH		SOLE		0	0	6,750
EDISON INTERNATIONAL	COM	281020107	466	7,366	SH		SOLE		0	0	7,366
EDWARDS LIFESCIENCES	COM	28176E108	582	4,004	SH		SOLE		0	0	4,004
ELI LILLY	COM	532457108	1,554	18,217	SH		SOLE		0	0	18,217
EMERSON ELECTRIC	COM	291011104	1,111	16,072	SH		SOLE		0	0	16,072
ENERGY TRANSFER EQUITY COM UT	COM	29273V100	192	11,150	SH		SOLE		0	0	11,150
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	3,273	118,309	SH		SOLE		0	0	118,309
EOG RESOURCES	COM	26875P101	577	4,640	SH		SOLE		0	0	4,640
EVERGY INC COM	COM	30034W106	446	7,950	SH		SOLE		0	0	7,950
EVERSOURCE ENERGY COM	COM	30040W108	317	5,421	SH		SOLE		0	0	5,421
EXXON MOBIL	COM	30231G102	10,883	131,552	SH		SOLE		0	0	131,552
F M C CORP COM NEW	COM	302491303	356	4,000	SH		SOLE		0	0	4,000
FACEBOOK INC CL A	COM	30303M102	12,600	64,843	SH		SOLE		0	0	64,843
FEDEX	COM	31428x106	4,278	18,844	SH		SOLE		0	0	18,844
GENERAL DYNAMICS	COM	369550108	3,302	17,714	SH		SOLE		0	0	17,714
GENERAL MILLS	COM	370334104	1,598	36,114	SH		SOLE		0	0	36,114
GILEAD SCIENCES	COM	375558103	416	5,885	SH		SOLE		0	0	5,885
GLOBAL WTR RES INC COM	COM	379463102	94	10,000	SH		SOLE		0	0	10,000
GOLDMAN SACHS GROUP	COM	38141G104	1,536	6,965	SH		SOLE		0	0	6,965
HALLIBURTON	COM	406216101	378	8,403	SH		SOLE		0	0	8,403
HERSHEY COMPANY	COM	427866108	1,382	14,855	SH		SOLE		0	0	14,855
HOME DEPOT	COM	437076102	18,426	94,447	SH		SOLE		0	0	94,447
HONEYWELL INTERNATIONAL	COM	438516106	7,137	49,550	SH		SOLE		0	0	49,550
HUNTSMAN CORP COM	COM	447011107	343	11,750	SH		SOLE		0	0	11,750
IBM	COM	459200101	5,203	37,251	SH		SOLE		0	0	37,251
ILLINOIS TOOL WORKS	COM	452308109	377	2,725	SH		SOLE		0	0	2,725
ILLUMINA	COM	452327109	230	825	SH		SOLE		0	0	825
INGERSOLL RAND	COM	G47791101	3,313	36,928	SH		SOLE		0	0	36,928
INTEL	COM	458140100	1,550	31,191	SH		SOLE		0	0	31,191
INTERNATIONAL PAPER	COM	460146103	3,279	62,974	SH		SOLE		0	0	62,974
JOHNSON & JOHNSON	COM	478160104	12,189	100,457	SH		SOLE		0	0	100,457
JP MORGAN CHASE	COM	46625H100	11,027	105,832	SH		SOLE		0	0	105,832
KANSAS CITY SOUTHERN	COM	485170302	457	4,315	SH		SOLE		0	0	4,315
KELLOGG	COM	487836108	262	3,750	SH		SOLE		0	0	3,750
KIMBERLY CLARK	COM	494368103	1,815	17,236	SH		SOLE		0	0	17,236
KRAFT HEINZ CO COM	COM	500754106	842	13,408	SH		SOLE		0	0	13,408
KROGER	COM	501044101	756	26,595	SH		SOLE		0	0	26,595
L3 TECHNOLOGIES INC COM	COM	502413107	647	3,365	SH		SOLE		0	0	3,365
LABORATORY CORP OF AMERICA	COM	50540R409	354	1,975	SH		SOLE		0	0	1,975
LAM RESEARCH	COM	512807108	1,132	6,550	SH		SOLE		0	0	6,550
LEAR CORP	COM	521865204	1,770	9,526	SH		SOLE		0	0	9,526
LOCKHEED MARTIN	COM	539830109	2,748	9,304	SH		SOLE		0	0	9,304
LOWES COMPANIES	COM	548661107	2,489	26,045	SH		SOLE		0	0	26,045
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	2,310	33,447	SH		SOLE		0	0	33,447
MAGNA INTL INC CL A	COM	559222401	403	6,935	SH		SOLE		0	0	6,935
MASTERCARD INC COM	COM	57636Q104	2,262	11,515	SH		SOLE		0	0	11,515
MCCORMICK & CO INC COM NON VTG	COM	579780206	574	4,950	SH		SOLE		0	0	4,950
MCDONALDS	COM	580135101	7,157	45,678	SH		SOLE		0	0	45,678
MCKESSON	COM	58155Q103	960	7,200	SH		SOLE		0	0	7,200
MEDTRONIC	COM	G5960L103	381	4,452	SH		SOLE		0	0	4,452
MERCK & CO INC NEW COM	COM	58933Y105	2,729	44,971	SH		SOLE		0	0	44,971
MGE ENERGY INC COM	COM	55277P104	335	5,325	SH		SOLE		0	0	5,325
MICROSOFT	COM	594918104	7,767	78,767	SH		SOLE		0	0	78,767
MID-AMERICA APARTMENT COMMUNIT	COM	59522J103	246	2,450	SH		SOLE		0	0	2,450
MIDDLESEX WATER	COM	596680108	322	7,650	SH		SOLE		0	0	7,650
MIMEDX GROUP INC COM	COM	602496101	157	24,700	SH		SOLE		0	0	24,700
MMM (3M COMPANY)	COM	88579Y101	10,473	53,240	SH		SOLE		0	0	53,240
MONDELEZ INTL INC CL A	COM	609207105	430	10,499	SH		SOLE		0	0	10,499
NETFLIX	COM	64110L106	2,232	5,704	SH		SOLE		0	0	5,704
NEW JERSEY RESOURCES	COM	646025106	449	10,043	SH		SOLE		0	0	10,043
NEXTERA ENERGY INC COM	COM	65339F101	1,052	6,300	SH		SOLE		0	0	6,300
NORFOLK SOUTHERN	COM	655844108	1,609	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	948	3,082	SH		SOLE		0	0	3,082
OCCIDENTAL PETROLEUM	COM	674599105	624	7,459	SH		SOLE		0	0	7,459
ONEOK	COM	682680103	336	4,815	SH		SOLE		0	0	4,815
ORACLE	COM	68389X105	813	18,474	SH		SOLE		0	0	18,474
OTTER TAIL	COM	689648103	238	5,000	SH		SOLE		0	0	5,000
PEPSICO	COM	713448108	6,015	55,250	SH		SOLE		0	0	55,250
PFIZER	COM	717081103	2,158	59,494	SH		SOLE		0	0	59,494
PHILIP MORRIS INTL INC COM	COM	718172109	1,886	23,360	SH		SOLE		0	0	23,360
PIONEER NATURAL RESOURCES	COM	723787107	841	4,445	SH		SOLE		0	0	4,445
PORTLAND GEN ELEC CO COM NEW	COM	736508847	250	5,850	SH		SOLE		0	0	5,850
PPG INDUSTRIES	COM	693506107	925	8,925	SH		SOLE		0	0	8,925
PPL	COM	69351T106	279	9,779	SH		SOLE		0	0	9,779
PREFERRED APT CMNTYS COM	COM	74039L103	225	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	7,117	91,183	SH		SOLE		0	0	91,183
PRUDENTIAL FINANCIAL	COM	744320102	406	4,349	SH		SOLE		0	0	4,349
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	2,090	38,619	SH		SOLE		0	0	38,619
RAYTHEON	COM	755111507	1,630	8,438	SH		SOLE		0	0	8,438
REALTY INCOME CORP COM	COM	756109104	291	5,425	SH		SOLE		0	0	5,425
ROCKWELL AUTOMATION	COM	773903109	1,181	7,105	SH		SOLE		0	0	7,105
ROCKWELL COLLINS INC COM	COM	774341101	709	5,265	SH		SOLE		0	0	5,265
ROPER INDUSTRIES	COM	776696106	993	3,600	SH		SOLE		0	0	3,600
SALESFORCE COM INC COM	COM	79466L302	1,432	10,500	SH		SOLE		0	0	10,500
SCHLUMBERGER	COM	806857108	2,303	34,372	SH		SOLE		0	0	34,372
SEAGATE TECHNOLOGY PLC SHS	COM	G7945M107	292	5,175	SH		SOLE		0	0	5,175
SIMON PROPERTY	COM	828806109	205	1,205	SH		SOLE		0	0	1,205
SOUTHERN COMPANY	COM	842587107	1,323	28,580	SH		SOLE		0	0	28,580
STANLEY BLACK & DECKER COM	COM	854502101	415	3,125	SH		SOLE		0	0	3,125
STARBUCKS	COM	855244109	269	5,520	SH		SOLE		0	0	5,520
STRYKER	COM	863667101	4,708	27,885	SH		SOLE		0	0	27,885
SYSCO	COM	871829107	372	5,450	SH		SOLE		0	0	5,450
T-MOBILE US INC COM	COM	872590104	215	3,600	SH		SOLE		0	0	3,600
UBS AG JERSEY BRH ALERIAN INFR	COM	902641646	744	32,470	SH		SOLE		0	0	32,470
UGI CORP	COM	902681105	718	13,800	SH		SOLE		0	0	13,800
UNION PACIFIC	COM	907818108	5,578	39,375	SH		SOLE		0	0	39,375
UNITED PARCEL SERVICE CL B	COM	911312106	4,816	45,336	SH		SOLE		0	0	45,336
UNITED TECHNOLOGIES	COM	913017109	9,971	79,751	SH		SOLE		0	0	79,751
UNITEDHEALTH GROUP	COM	91324P102	3,392	13,828	SH		SOLE		0	0	13,828
URBAN EDGE PPTYS COM	COM	91704F104	255	11,150	SH		SOLE		0	0	11,150
VALERO ENERGY	COM	91913Y100	243	2,200	SH		SOLE		0	0	2,200
VERIZON COMMUNICATIONS	COM	92343V104	11,016	218,970	SH		SOLE		0	0	218,970
VISA INC COM CL A	COM	92826C839	10,110	76,334	SH		SOLE		0	0	76,334
VMWARE INC CL A COM	COM	928563402	338	2,300	SH		SOLE		0	0	2,300
WAL-MART STORES	COM	931142103	2,176	25,412	SH		SOLE		0	0	25,412
WALKER INNOVATION INC COM	COM	931661102	4	10,000	SH		SOLE		0	0	10,000
WALT DISNEY	COM	254687106	9,381	89,513	SH		SOLE		0	0	89,513
WEC ENERGY GROUP INC COM	COM	92939U106	409	6,337	SH		SOLE		0	0	6,337
WELLS FARGO	COM	949746101	981	17,703	SH		SOLE		0	0	17,703
WHIRLPOOL	COM	963320106	285	1,955	SH		SOLE		0	0	1,955
WORTHINGTON INDUSTRIES	COM	981811102	279	6,650	SH		SOLE		0	0	6,650
XYLEM INC COM	COM	98419M100	563	8,370	SH		SOLE		0	0	8,370
ALPS ETF TR MED BREAKTHGH	COM	00162Q593	331	8,900	SH		SOLE		0	0	8,900
DJ SELECT DIVIDEND	COM	464287168	255	2,612	SH		SOLE		0	0	2,612
DJ US BASIC MATERIALS	COM	464287838	318	3,215	SH		SOLE		0	0	3,215
DJ US ENERGY	COM	464287796	513	12,244	SH		SOLE		0	0	12,244
DJ US HEALTHCARE	COM	464287762	7,797	43,759	SH		SOLE		0	0	43,759
DJ US HEALTHCARE PROVIDERS	COM	464288828	3,767	21,450	SH		SOLE		0	0	21,450
DJ US MEDICAL DEVICES	COM	464288810	2,601	12,965	SH		SOLE		0	0	12,965
DJ US TECHNOLOGY	COM	464287721	2,116	11,873	SH		SOLE		0	0	11,873
DJ US TRANSPORTATION	COM	464287192	223	1,200	SH		SOLE		0	0	1,200
DJ US UTILITIES SECTOR	COM	464287697	698	5,295	SH		SOLE		0	0	5,295
EXCHANGE TRADED CONCEP ROBO GL	COM	301505707	2,992	74,805	SH		SOLE		0	0	74,805
FIRST TR EXCH TRD FD DJ INTERN	COM	33733E302	14,367	104,375	SH		SOLE		0	0	104,375
FTSE/XINHUA CHINA 25 ETF	COM	464287184	220	5,120	SH		SOLE		0	0	5,120
GOLDMAN SACHS SOFTWARE	COM	464287515	484	2,650	SH		SOLE		0	0	2,650
GOLDMAN SACHS TECHNOLOGY	COM	464287549	227	1,180	SH		SOLE		0	0	1,180
INVESCO EXCHANGE TRADE DWA ENE	COM	46137V878	434	10,067	SH		SOLE		0	0	10,067
INVESCO EXCHANGE TRADE DWA STA	COM	46137V886	716	10,115	SH		SOLE		0	0	10,115
INVESCO EXCHANGE TRADE NASDAQ	COM	46137V530	269	1,935	SH		SOLE		0	0	1,935
INVESCO EXCHNG TRADED CHINA TE	COM	46138E800	200	3,605	SH		SOLE		0	0	3,605
INVESCO QQQ TR UNIT SER 1	COM	46090E103	19,454	113,338	SH		SOLE		0	0	113,338
ISHARES INC MSCI JPN ETF NEW	COM	46434G822	2,515	43,430	SH		SOLE		0	0	43,430
ISHARES TR DJ PHARMA INDX	COM	464288836	4,112	27,167	SH		SOLE		0	0	27,167
ISHARES TR DJ US FINL SEC	COM	464287788	1,812	15,465	SH		SOLE		0	0	15,465
ISHARES TR DJ US REAL EST	COM	464287739	215	2,675	SH		SOLE		0	0	2,675
ISHARES TR HGH DIV EQT FD	COM	46429B663	206	2,430	SH		SOLE		0	0	2,430
ISHARES TR MSCI INDIA ETF	COM	46429B598	2,319	69,675	SH		SOLE		0	0	69,675
ISHARES TR RESIDENT INDEX	COM	464288562	370	5,881	SH		SOLE		0	0	5,881
ISHARES TR S&P 500 INDEX	COM	464287200	268	983	SH		SOLE		0	0	983
ISHARES TR S&P GL C STAPL	COM	464288737	355	7,260	SH		SOLE		0	0	7,260
ISHARES TR S&P GLO INFRAS	COM	464288372	1,493	34,771	SH		SOLE		0	0	34,771
MSCI EAFE	COM	464287465	4,265	63,697	SH		SOLE		0	0	63,697
MSCI EMERGING MARKET	COM	464287234	1,373	31,690	SH		SOLE		0	0	31,690
MSCI SOUTH KOREA	COM	464286772	722	10,670	SH		SOLE		0	0	10,670
RUSSELL 2000	COM	464287655	523	3,195	SH		SOLE		0	0	3,195
RUSSELL 2000 GROWTH	COM	464287648	561	2,749	SH		SOLE		0	0	2,749
RUSSELL MIDCAP GROWTH	COM	464287481	1,174	9,271	SH		SOLE		0	0	9,271
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y407	13,073	119,610	SH		SOLE		0	0	119,610
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y308	5,526	107,247	SH		SOLE		0	0	107,247
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	11,838	445,206	SH		SOLE		0	0	445,206
SP 500 GROWTH	COM	464287309	441	2,718	SH		SOLE		0	0	2,718
SP 500 VALUE	COM	464287408	358	3,258	SH		SOLE		0	0	3,258
SPDR DOW JONES INDL AV UT SER	COM	78467X109	7,325	30,180	SH		SOLE		0	0	30,180
SPDR ENERGY	COM	81369Y506	3,367	44,340	SH		SOLE		0	0	44,340
SPDR HEALTH CARE	COM	81369y209	15,152	181,559	SH		SOLE		0	0	181,559
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	866	22,610	SH		SOLE		0	0	22,610
SPDR INDUSTRIAL SECTOR	COM	81369y704	10,125	141,355	SH		SOLE		0	0	141,355
SPDR MATERIALS SECTOR	COM	81369y100	2,473	42,593	SH		SOLE		0	0	42,593
SPDR MID CAP 400	COM	78467Y107	247	697	SH		SOLE		0	0	697
SPDR SERIES TRUST NYSE TECH ET	COM	78464A102	2,369	25,374	SH		SOLE		0	0	25,374
SPDR SERIES TRUST S&P BIOTECH	COM	78464A870	1,908	20,045	SH		SOLE		0	0	20,045
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	440	9,065	SH		SOLE		0	0	9,065
SPDR SP500 TRUST SR 1	COM	78462F103	19,830	73,099	SH		SOLE		0	0	73,099
SPDR UTILITIES SELECT	COM	81369Y886	4,592	88,391	SH		SOLE		0	0	88,391
STREETTRACKS GOLD SHARES	COM	78463v107	2,810	23,687	SH		SOLE		0	0	23,687
STREETTRACKS INDEX SHS DJ STOX	COM	78463X103	1,549	46,350	SH		SOLE		0	0	46,350
TECHNOLOGY SELECT SECT SPDR ET	COM	81369Y803	5,216	75,086	SH		SOLE		0	0	75,086
VANECK VECTORS ETF TR AGRIBUSI	COM	92189F700	748	12,038	SH		SOLE		0	0	12,038
VANECK VECTORS ETF TR BIOTECH	COM	92189F726	5,718	47,662	SH		SOLE		0	0	47,662
VANGUARD EMERGING MARKETS VIPE	COM	922042858	596	14,132	SH		SOLE		0	0	14,132
VANGUARD INDEX FDS GROWTH ETF	COM	922908736	322	2,152	SH		SOLE		0	0	2,152
VANGUARD INTL EQTY IDX ALLWRLD	COM	922042775	1,086	20,954	SH		SOLE		0	0	20,954
VANGUARD INTL EQTY IDX EURPEAN	COM	922042874	218	3,900	SH		SOLE		0	0	3,900
VANGUARD SPECIALIZED DIV APP E	COM	921908844	200	1,972	SH		SOLE		0	0	1,972
VANGUARD TELECOM SERVICES VIPE	COM	92204A884	2,928	34,487	SH		SOLE		0	0	34,487
VANGUARD WORLD FDS HEALTH CAR	COM	92204A504	1,443	9,070	SH		SOLE		0	0	9,070
VANGUARD WORLD FDS INF TECH ET	COM	92204A702	15,220	83,904	SH		SOLE		0	0	83,904
WISDOMTREE TR US QLT SHRHD YLD	COM	97717W547	771	9,353	SH		SOLE		0	0	9,353
HANCOCK JOHN INV TRUST LARGE C	MF	41013P103	224	4,564	SH		SOLE		0	0	4,564