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 |
ACTAVIS INC | COM | G0083B108 | 4,866 | 20,166 | SH | | SOLE | NONE | 20,166 | 0 | 0 |
AETNA INC | COM | 00817Y108 | 429 | 5,298 | SH | | SOLE | NONE | 5,298 | 0 | 0 |
ALASKA AIR GROUP | COM | 011659109 | 2,885 | 66,258 | SH | | SOLE | NONE | 66,258 | 0 | 0 |
ALLIANT TECH | COM | 018804104 | 1,425 | 11,161 | SH | | SOLE | NONE | 11,161 | 0 | 0 |
ALUMINUM CO. OF AMERICA | COM | 013817101 | 3,232 | 200,876 | SH | | SOLE | NONE | 200,876 | 0 | 0 |
AMPHENOL CORP. | COM | 032095101 | 416 | 4,002 | SH | | SOLE | NONE | 4,002 | 0 | 0 |
APPLE COMPUTER INC | COM | 037833100 | 414 | 4,110 | SH | | SOLE | NONE | 4,110 | 0 | 0 |
BBVA BANCO FRANCES SA | COM | 07329M100 | 205 | 15,847 | SH | | SOLE | NONE | 15,847 | 0 | 0 |
Berkshire Hathaway Cl-A | COM | 084670108 | 414 | 2 | SH | | SOLE | NONE | 2 | 0 | 0 |
BIOGEN IDEC INC | COM | 09062X103 | 3,658 | 11,059 | SH | | SOLE | NONE | 11,059 | 0 | 0 |
BITAUTO HOLDINGS LTD. | COM | 091727107 | 380 | 4,870 | SH | | SOLE | NONE | 4,870 | 0 | 0 |
BROWN-FORMAN CORP. | COM | 115637209 | 384 | 4,255 | SH | | SOLE | NONE | 4,255 | 0 | 0 |
CBRE GROUP INC | COM | 12504L109 | 1,463 | 49,201 | SH | | SOLE | NONE | 49,201 | 0 | 0 |
CEMEX SA ADR | COM | 151290889 | 164 | 12,607 | SH | | SOLE | NONE | 12,607 | 0 | 0 |
CIGNA CORP | COM | 125509109 | 411 | 4,533 | SH | | SOLE | NONE | 4,533 | 0 | 0 |
CIMAREX ENERGY | COM | 171798101 | 3,169 | 25,046 | SH | | SOLE | NONE | 25,046 | 0 | 0 |
CONOCOPHILLIPS | COM | 20825C104 | 1,231 | 16,084 | SH | | SOLE | NONE | 16,084 | 0 | 0 |
CONSTELLATION BRANDS'A' | COM | 21036P108 | 4,486 | 51,474 | SH | | SOLE | NONE | 51,474 | 0 | 0 |
COOPER COS. INC. | COM | 216648402 | 1,335 | 8,570 | SH | | SOLE | NONE | 8,570 | 0 | 0 |
CVS CORP. | COM | 126650100 | 476 | 5,977 | SH | | SOLE | NONE | 5,977 | 0 | 0 |
DEVRY INC | COM | 251893103 | 492 | 11,491 | SH | | SOLE | NONE | 11,491 | 0 | 0 |
DISCOVER FINANCIAL SERVICES | COM | 254709108 | 3,846 | 59,737 | SH | | SOLE | NONE | 59,737 | 0 | 0 |
DOW CHEMICAL CO | COM | 260543103 | 1,572 | 29,976 | SH | | SOLE | NONE | 29,976 | 0 | 0 |
DR PEPPER SNAPPLE GROUP | COM | 26138E109 | 465 | 7,223 | SH | | SOLE | NONE | 7,223 | 0 | 0 |
EMPRESA DISTRIB COMERCIALIZADORA NORTE | COM | 29244A102 | 264 | 23,766 | SH | | SOLE | NONE | 23,766 | 0 | 0 |
ENEL SPA | COM | 29265W207 | 117 | 22,368 | SH | | SOLE | NONE | 22,368 | 0 | 0 |
EOG RESOURCES | COM | 26875P101 | 356 | 3,593 | SH | | SOLE | NONE | 3,593 | 0 | 0 |
FACEBOOK, INC. | COM | 30303M102 | 3,260 | 41,248 | SH | | SOLE | NONE | 41,248 | 0 | 0 |
FLAMEL TECHNOLOGIES SA | COM | 338488109 | 156 | 10,904 | SH | | SOLE | NONE | 10,904 | 0 | 0 |
GENERAL DYNAMICS | COM | 369550108 | 1,703 | 13,401 | SH | | SOLE | NONE | 13,401 | 0 | 0 |
GILEAD SCIENCES | COM | 375558103 | 1,761 | 16,541 | SH | | SOLE | NONE | 16,541 | 0 | 0 |
GRUMA SAB DE CV | COM | 400131306 | 353 | 8,239 | SH | | SOLE | NONE | 8,239 | 0 | 0 |
HALLIBURTON CO | COM | 406216101 | 553 | 8,568 | SH | | SOLE | NONE | 8,568 | 0 | 0 |
HANESBRANDS INC | COM | 410345102 | 4,044 | 37,641 | SH | | SOLE | NONE | 37,641 | 0 | 0 |
HEALTH NET INC | COM | 42222G108 | 1,641 | 35,584 | SH | | SOLE | NONE | 35,584 | 0 | 0 |
HELMERICH & PAYNE INC. | COM | 423452101 | 1,195 | 12,213 | SH | | SOLE | NONE | 12,213 | 0 | 0 |
HEWLETT-PACKARD CO | COM | 428236103 | 325 | 9,157 | SH | | SOLE | NONE | 9,157 | 0 | 0 |
HUNTINGTON INGALLS INDUSTRIES | COM | 446413106 | 1,516 | 14,550 | SH | | SOLE | NONE | 14,550 | 0 | 0 |
INTERSIL CORP | COM | 46069s109 | 410 | 28,826 | SH | | SOLE | NONE | 28,826 | 0 | 0 |
IRSA INVERSIONES Y REPRESENTACIONES SA | COM | 450047204 | 154 | 11,225 | SH | | SOLE | NONE | 11,225 | 0 | 0 |
ISHARES S&P 500 GROWTH | COM | 464287309 | 9,650 | 90,338 | SH | | SOLE | NONE | 90,338 | 0 | 0 |
ITT CORP | COM | 450911201 | 1,311 | 29,183 | SH | | SOLE | NONE | 29,183 | 0 | 0 |
KEURIG GREEN MOUNTAIN INC | COM | 49271M100 | 881 | 6,773 | SH | | SOLE | NONE | 6,773 | 0 | 0 |
KIRBY CORP. | COM | 497266106 | 341 | 2,894 | SH | | SOLE | NONE | 2,894 | 0 | 0 |
KROGER CO. | COM | 501044101 | 355 | 6,821 | SH | | SOLE | NONE | 6,821 | 0 | 0 |
LEGG MASON | COM | 524901105 | 1,293 | 25,281 | SH | | SOLE | NONE | 25,281 | 0 | 0 |
LOCKHEED MARTIN CORP | COM | 539830109 | 559 | 3,056 | SH | | SOLE | NONE | 3,056 | 0 | 0 |
Mallinckrodt PLC | COM | G5785G107 | 1,274 | 14,129 | SH | | SOLE | NONE | 14,129 | 0 | 0 |
MINERALS TECHNOLOGIES INC | COM | 603158106 | 1,877 | 30,424 | SH | | SOLE | NONE | 30,424 | 0 | 0 |
MOODY'S CORP. | COM | 615369105 | 1,270 | 13,438 | SH | | SOLE | NONE | 13,438 | 0 | 0 |
NABORS INDUSTRIES INC | COM | G6359F103 | 994 | 43,664 | SH | | SOLE | NONE | 43,664 | 0 | 0 |
NETFLIX INC. | COM | 64110L106 | 1,885 | 4,179 | SH | | SOLE | NONE | 4,179 | 0 | 0 |
NEWMARKET CORP. | COM | 651587107 | 1,712 | 4,494 | SH | | SOLE | NONE | 4,494 | 0 | 0 |
NOKIA CORP. | COM | 654902204 | 178 | 21,012 | SH | | SOLE | NONE | 21,012 | 0 | 0 |
OMNICARE, INC | COM | 681904108 | 969 | 15,566 | SH | | SOLE | NONE | 15,566 | 0 | 0 |
ONEOK INC. | COM | 682680103 | 2,720 | 41,494 | SH | | SOLE | NONE | 41,494 | 0 | 0 |
PAMPA ENERGIA SA | COM | 697660207 | 190 | 17,718 | SH | | SOLE | NONE | 17,718 | 0 | 0 |
PATTERSON-UTI ENERGY INC | COM | 703481101 | 454 | 13,954 | SH | | SOLE | NONE | 13,954 | 0 | 0 |
PITNEY BOWES INC. | COM | 724479100 | 3,441 | 137,711 | SH | | SOLE | NONE | 137,711 | 0 | 0 |
PPG INDUST. INC | COM | 693506107 | 1,906 | 9,686 | SH | | SOLE | NONE | 9,686 | 0 | 0 |
RF MICRO DEVICES INC. | COM | 749941100 | 1,262 | 109,371 | SH | | SOLE | NONE | 109,371 | 0 | 0 |
RPM INTERNATIONAL INC. | COM | 749685103 | 466 | 10,179 | SH | | SOLE | NONE | 10,179 | 0 | 0 |
SALIX PHARMACEUTICALS, LTD. | COM | 795435106 | 2,256 | 14,441 | SH | | SOLE | NONE | 14,441 | 0 | 0 |
SCIENCE APPLICATIONS INTL CORP. | COM | 808625107 | 458 | 10,360 | SH | | SOLE | NONE | 10,360 | 0 | 0 |
SEALED AIR CORP | COM | 81211K100 | 1,002 | 28,734 | SH | | SOLE | NONE | 28,734 | 0 | 0 |
SEIKO EPSON CORP | COM | 81603X108 | 347 | 14,397 | SH | | SOLE | NONE | 14,397 | 0 | 0 |
SKYWORKS SOLUTIONS INC | COM | 83088M102 | 450 | 7,750 | SH | | SOLE | NONE | 7,750 | 0 | 0 |
SOUTHWEST AIRLINES | COM | 844741108 | 1,610 | 47,681 | SH | | SOLE | NONE | 47,681 | 0 | 0 |
SUNEDISON INC. | COM | 86732Y109 | 1,164 | 61,676 | SH | | SOLE | NONE | 61,676 | 0 | 0 |
SUPERVALU INC | COM | 868536103 | 1,287 | 143,994 | SH | | SOLE | NONE | 143,994 | 0 | 0 |
TELKOM SOUTH AFRICA LTD | COM | 879603108 | 200 | 10,333 | SH | | SOLE | NONE | 10,333 | 0 | 0 |
TORCHMARK CORP | COM | 891027104 | 1,051 | 20,065 | SH | | SOLE | NONE | 20,065 | 0 | 0 |
TRINITY INDS INC DEL | COM | 896522109 | 1,331 | 28,499 | SH | | SOLE | NONE | 28,499 | 0 | 0 |
UNITED RENTALS INC. | COM | 911363109 | 1,957 | 17,619 | SH | | SOLE | NONE | 17,619 | 0 | 0 |
VESTAS WIND SYSTEMS | COM | 925458101 | 250 | 19,308 | SH | | SOLE | NONE | 19,308 | 0 | 0 |
VIPSHOP HOLDINGS LTD. | COM | 92763W103 | 362 | 1,917 | SH | | SOLE | NONE | 1,917 | 0 | 0 |
WESTERN DIGITAL | COM | 958102105 | 2,929 | 30,097 | SH | | SOLE | NONE | 30,097 | 0 | 0 |
WILLIAMS COS INC | COM | 969457100 | 464 | 7,934 | SH | | SOLE | NONE | 7,934 | 0 | 0 |
iShares MSCI Canada Index | ETF STOCK | 464286509 | 11,696 | 381,000 | SH | | SOLE | NONE | 381,000 | 0 | 0 |
iShares MSCI Taiwan Index Fund | ETF STOCK | 464286731 | 11,915 | 780,300 | SH | | SOLE | NONE | 780,300 | 0 | 0 |
iShares MSCI Switzerland Capped ETF | ETF STOCK | 464286749 | 503 | 16,151 | SH | | SOLE | NONE | 16,151 | 0 | 0 |
iShares MSCI Sweden ETF | ETF STOCK | 464286756 | 365 | 11,635 | SH | | SOLE | NONE | 11,635 | 0 | 0 |
iShares MSCI Spain Capped ETF | ETF STOCK | 464286764 | 12,361 | 317,771 | SH | | SOLE | NONE | 317,771 | 0 | 0 |
iShares MSCI South Africa Index Fd | ETF STOCK | 464286780 | 11,272 | 175,750 | SH | | SOLE | NONE | 175,750 | 0 | 0 |
iShares MSCI Germany ETF | ETF STOCK | 464286806 | 348 | 13,267 | SH | | SOLE | NONE | 13,267 | 0 | 0 |
iShares MSCI Netherlands ETF | ETF STOCK | 464286814 | 334 | 14,361 | SH | | SOLE | NONE | 14,361 | 0 | 0 |
ISHARES BARCLAYS TIPS | ETF STOCK | 464287176 | 247 | 2,203 | SH | | SOLE | NONE | 2,203 | 0 | 0 |
iShares FTSE/Xinhua China 25 Index | ETF STOCK | 464287184 | 11,386 | 297,450 | SH | | SOLE | NONE | 297,450 | 0 | 0 |
iShares GS $ InvestTop Corp Bond | ETF STOCK | 464287242 | 891 | 7,507 | SH | | SOLE | NONE | 7,507 | 0 | 0 |
ISHARES S&P 500 VALUE | ETF STOCK | 464287408 | 9,530 | 105,811 | SH | | SOLE | NONE | 105,811 | 0 | 0 |
iShares Barclays 20+ Yr Treas Bd | ETF STOCK | 464287432 | 1,155 | 9,736 | SH | | SOLE | NONE | 9,736 | 0 | 0 |
iShares Barclays 7-10 Yr Treas Bd Fd | ETF STOCK | 464287440 | 37,909 | 365,848 | SH | | SOLE | NONE | 365,848 | 0 | 0 |
ISHARES BARCLAYS 1-3 TREASURY | ETF STOCK | 464287457 | 1,588 | 18,759 | SH | | SOLE | NONE | 18,759 | 0 | 0 |
iShares Russell Mid-Cap Value ETF | ETF STOCK | 464287473 | 1,007 | 14,749 | SH | | SOLE | NONE | 14,749 | 0 | 0 |
iShares Cohen & Steers Realty Majors | ETF STOCK | 464287564 | 17,020 | 201,500 | SH | | SOLE | NONE | 201,500 | 0 | 0 |
iShares Russell 1000 Growth ETF | ETF STOCK | 464287614 | 993 | 11,108 | SH | | SOLE | NONE | 11,108 | 0 | 0 |
ISHARES S&P MIDCAP VALUE | ETF STOCK | 464287705 | 9,915 | 82,408 | SH | | SOLE | NONE | 82,408 | 0 | 0 |
iShares Dow Jones U.S. Technology Sec | ETF STOCK | 464287721 | 17,260 | 171,300 | SH | | SOLE | NONE | 171,300 | 0 | 0 |
iShares DJ US Healthcare Sector | ETF STOCK | 464287762 | 17,210 | 128,100 | SH | | SOLE | NONE | 128,100 | 0 | 0 |
iShares DJ US Basic Material | ETF STOCK | 464287838 | 16,667 | 193,650 | SH | | SOLE | NONE | 193,650 | 0 | 0 |
Vanguard Short-Term Bond ETF | ETF STOCK | 921937827 | 35,701 | 445,884 | SH | | SOLE | NONE | 445,884 | 0 | 0 |
Vanguard Mid-Cap Value Index Fund | ETF STOCK | 922908512 | 54,268 | 639,200 | SH | | SOLE | NONE | 639,200 | 0 | 0 |
Vanguard Growth ETF VIPER | ETF STOCK | 922908736 | 53,906 | 540,850 | SH | | SOLE | NONE | 540,850 | 0 | 0 |
Vanguard Value ETF | ETF STOCK | 922908744 | 22,464 | 276,650 | SH | | SOLE | NONE | 276,650 | 0 | 0 |
First Trust Dow Jones Internet Index Fund | ETF STOCK | 33733E302 | 336 | 5,752 | SH | | SOLE | NONE | 5,752 | 0 | 0 |
FIRST TRUST LARGE CAP ALPHADEX | ETF STOCK | 33734K109 | 29,434 | 676,480 | SH | | SOLE | NONE | 676,480 | 0 | 0 |
First Trust Cnsmr Staples AlphaDEX ETF | ETF STOCK | 33734X119 | 305 | 7,859 | SH | | SOLE | NONE | 7,859 | 0 | 0 |
First Trust Financials AlphaDEX ETF | ETF STOCK | 33734X135 | 263 | 12,302 | SH | | SOLE | NONE | 12,302 | 0 | 0 |
First Trust Health Care AlphaDEX ETF | ETF STOCK | 33734X143 | 251 | 4,561 | SH | | SOLE | NONE | 4,561 | 0 | 0 |
FIRST TRUST MID CAP CORE ALPHADEX | ETF STOCK | 33735B108 | 30,384 | 604,480 | SH | | SOLE | NONE | 604,480 | 0 | 0 |
JPMorgan Chase & Co. Alerian MLP Index | ETF STOCK | 46625H365 | 13,689 | 257,900 | SH | | SOLE | NONE | 257,900 | 0 | 0 |
PowerShares Dynamic Leisure and Entertainment Portfolio | ETF STOCK | 73935X757 | 386 | 12,000 | SH | | SOLE | NONE | 12,000 | 0 | 0 |
POWERSHARES S&P 500 LOW VOLATILITY | ETF STOCK | 73937B779 | 350 | 9,995 | SH | | SOLE | NONE | 9,995 | 0 | 0 |
PowerShares S&P SmallCap Materials Portfolio | ETF STOCK | 73937B852 | 180 | 4,470 | SH | | SOLE | NONE | 4,470 | 0 | 0 |
PowerShares S&P SmallCap Health Care Portfolio | ETF STOCK | 73937B886 | 298 | 5,398 | SH | | SOLE | NONE | 5,398 | 0 | 0 |
SPDR DJ REIT | ETF STOCK | 78464A607 | 28,073 | 351,792 | SH | | SOLE | NONE | 351,792 | 0 | 0 |
SPDR S&P Retail ETF | ETF STOCK | 78464A714 | 391 | 4,639 | SH | | SOLE | NONE | 4,639 | 0 | 0 |
SPDR S&P Pharmaceuticals ETF | ETF STOCK | 78464A722 | 326 | 3,125 | SH | | SOLE | NONE | 3,125 | 0 | 0 |
SPDR S&P Semiconductor ETF | ETF STOCK | 78464A862 | 223 | 3,398 | SH | | SOLE | NONE | 3,398 | 0 | 0 |
Materials Select Sector SPDR | ETF STOCK | 81369Y100 | 34,338 | 692,438 | SH | | SOLE | NONE | 692,438 | 0 | 0 |
HEALTHCARE SELECT SPDR | ETF STOCK | 81369Y209 | 44,845 | 701,686 | SH | | SOLE | NONE | 701,686 | 0 | 0 |
S&P Select Technology SPDR | ETF STOCK | 81369Y803 | 33,923 | 850,055 | SH | | SOLE | NONE | 850,055 | 0 | 0 |
WISDOM TREE TOTAL DIVIDEND | ETF STOCK | 97717W109 | 31,625 | 442,993 | SH | | SOLE | NONE | 442,993 | 0 | 0 |