Kovack Advisors 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
3M CO COM	COM	88579Y101	242	1,450	SH		SOLE		0	0	1,450
8X8 INC NEW COM	COM	282914100	207	20,578	SH		SOLE		0	0	20,578
ABBVIE INC COM	COM	00287Y109	200	3,506	SH		SOLE		0	0	3,506
ACCENTURE PLC CALL AUG00115000	PLC SHS CLASS A	G1151C101	1	1	SH	Call	SOLE		0	0	1
ACCENTURE PLC IRELAND SHS CLASS A	PLC SHS CLASS A	G1151C101	616	5,334	SH		SOLE		0	0	5,334
ACTIVISION BLIZZARD INC COM	COM	00507V109	592	17,505	SH		SOLE		0	0	17,505
AES CORP COM	COM	00130H105	256	21,724	SH		SOLE		0	0	21,724
AETNA INC NEW CALL APR00110000	COM	00817Y108	1	5	SH	Call	SOLE		0	0	5
AETNA INC NEW COM	COM	00817Y108	246	2,191	SH		SOLE		0	0	2,191
AFLAC INC COM	COM	001055102	241	3,816	SH		SOLE		0	0	3,816
ALLERGAN PLC SHS	PLS SHS	G0177J108	560	2,088	SH		SOLE		0	0	2,088
ALPHABET INC CAP STK CL A	CL A	02079K305	990	1,298	SH		SOLE		0	0	1,298
ALPHABET INC CAP STK CL C	CL C	02079K107	603	809	SH		SOLE		0	0	809
ALPS ETF TR ALERIAN MLP	MLP	00162Q866	283	25,914	SH		SOLE		0	0	25,914
ALTRIA GROUP INC COM	COM	02209S103	820	13,093	SH		SOLE		0	0	13,093
AMAZON COM INC COM	COM	023135106	1,280	2,156	SH		SOLE		0	0	2,156
AMERICAN CAPITAL AGENCY CORP COM	COM	02503X105	237	12,730	SH		SOLE		0	0	12,730
AMERICAN EXPRESS CO COM	COM	025816109	249	4,056	SH		SOLE		0	0	4,056
AMGEN INC COM	COM	031162100	909	6,064	SH		SOLE		0	0	6,064
ANNALY CAP MGMT INC COM	COM	035710409	242	23,550	SH		SOLE		0	0	23,550
APOLLO GLOBAL MGMT LLC CL A SHS	CL A SHS	037612306	372	21,737	SH		SOLE		0	0	21,737
APOLLO INVT CORP COM	COM	03761U106	67	12,051	SH		SOLE		0	0	12,051
APPLE INC CALL JAN00170000	COM	037833100	0	2	SH	Call	SOLE		0	0	2
APPLE INC COM	COM	037833100	11,763	107,927	SH		SOLE		0	0	107,927
AT&T INC PUT SEP00032000	COM	00206R102	0	2	SH	Put	SOLE		0	0	2
AT&T INC COM	COM	00206R102	1,715	43,783	SH		SOLE		0	0	43,783
BANK AMER CORP COM	COM	060505104	478	35,379	SH		SOLE		0	0	35,379
BERKSHIRE HATHAWAY INC DEL CL A	CL A	084670108	213	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B	084670702	560	3,948	SH		SOLE		0	0	3,948
BLACKROCK CAPITAL INVESTMENT C COM	COM	092533108	188	19,962	SH		SOLE		0	0	19,962
BLACKROCK MUNIVEST FD II INC COM	COM	09253T101	207	12,120	SH		SOLE		0	0	12,120
BLACKSTONE GROUP L P CALL JAN00040000	COM	09253U108	1	8	SH	Call	SOLE		0	0	8
BLACKSTONE GROUP L P COM UNIT LTD	COM	09253U108	459	16,352	SH		SOLE		0	0	16,352
BOEING CO COM	COM	097023105	916	7,216	SH		SOLE		0	0	7,216
BP PLC SPONSORED ADR	SPONS ADR	055622104	393	13,014	SH		SOLE		0	0	13,014
BRISTOL MYERS SQUIBB CO COM	COM	110122108	278	4,348	SH		SOLE		0	0	4,348
BUSINESS DEV CORP OF AMER COM	COM	12325J101	317	29,670	SH		SOLE		0	0	29,670
CAMPBELL SOUP CO COM	COM	134429109	299	4,690	SH		SOLE		0	0	4,690
CARTER VALIDUS MISSION CRITICA COM	COM	146282108	435	43,472	SH		SOLE		0	0	43,472
CATERPILLAR INC CALL MAY00075000	COM	149123101	4	12	SH	Call	SOLE		0	0	12
CATERPILLAR INC DEL COM	COM	149123101	461	6,019	SH		SOLE		0	0	6,019
CELGENE CORP CALL JAN00165000	COM	151020104	1	2	SH	Call	SOLE		0	0	2
CELGENE CORP COM	COM	151020104	496	4,957	SH		SOLE		0	0	4,957
CHEVRON CORP NEW CALL MAY00090000	COM	166764100	3	4	SH	Call	SOLE		0	0	4
CHEVRON CORP NEW COM	COM	166764100	1,670	17,509	SH		SOLE		0	0	17,509
CHIMERA INVT CORP COM NEW	COM	16934Q208	155	11,439	SH		SOLE		0	0	11,439
CISCO SYS INC COM	COM	17275R102	325	11,417	SH		SOLE		0	0	11,417
CISCO SYSTEMS INC CALL APR00027000	COM	17275R102	1	6	SH	Call	SOLE		0	0	6
CISCO SYSTEMS INC PUT APR00029000	COM	17275R102	1	6	SH	Put	SOLE		0	0	6
CLAYMORE EXCHANGE TRD FD TR GUG BLT2018 HY	GUG BLT2018 HY	18383M381	506	20,975	SH		SOLE		0	0	20,975
CLAYMORE EXCHANGE TRD FD TR GUGG BULSH 2021	GUGG BULSH 2021	18383M266	625	29,605	SH		SOLE		0	0	29,605
COCA COLA CO COM	COM	191216100	247	5,332	SH		SOLE		0	0	5,332
COMCAST CORP NEW CL A	CL A	20030N101	209	3,416	SH		SOLE		0	0	3,416
CONAGRA BRANDS INC COM	COM	205887102	225	5,049	SH		SOLE		0	0	5,049
CONSOLIDATED EDISON INC COM	COM	209115104	230	2,996	SH		SOLE		0	0	2,996
COSTCO WHSL CORP NEW COM	COM	22160K105	311	1,974	SH		SOLE		0	0	1,974
CVS CAREMARK CORP CALL AUG00105000	COM	126650100	7	10	SH	Call	SOLE		0	0	10
CVS CAREMARK CORP PUT AUG00095000	COM	126650100	1	7	SH	Put	SOLE		0	0	7
CVS HEALTH CORP COM	COM	126650100	694	6,692	SH		SOLE		0	0	6,692
DIEBOLD NXDF INC COM	COM	253651103	422	14,611	SH		SOLE		0	0	14,611
DISCOVER FINL SVCS COM	COM	254709108	242	4,758	SH		SOLE		0	0	4,758
DISNEY WALT CO COM DISNEY	COM	254687106	1,284	12,930	SH		SOLE		0	0	12,930
DISNEY WALT COMPANY CALL JAN00140000	COM	254687106	0	2	SH	Call	SOLE		0	0	2
DU PONT E I DE NEMOURS & CO COM	COM	263534109	489	7,720	SH		SOLE		0	0	7,720
DYNEX CAP INC COM NEW	COM	26817Q506	135	20,365	SH		SOLE		0	0	20,365
EATON CORP PLC CALL JUL00062500	PLC SHS	G29183103	2	11	SH	Call	SOLE		0	0	11
EATON CORP PLC SHS	PLC SHS	G29183103	250	3,992	SH		SOLE		0	0	3,992
EATON VANCE LTD DUR INCOME FD COM	COM	27828H105	177	13,419	SH		SOLE		0	0	13,419
ETF SER SOLUTIONS VIDENT CORE US	CORE US	26922A602	2,341	46,419	SH		SOLE		0	0	46,419
ETF SER SOLUTIONS VIDENT INTL EQ	INTL EQ	26922A404	2,932	138,577	SH		SOLE		0	0	138,577
ETF SER SOLUTIONS VIDENTCORE EQ FD	EQ FD	26922A503	1,574	62,156	SH		SOLE		0	0	62,156
EXPRESS SCRIPTS HLDG CO COM	COM	30219G108	213	3,106	SH		SOLE		0	0	3,106
EXXON MOBIL CORP CALL JAN00090000	COM	30231G102	0	1	SH	Call	SOLE		0	0	1
EXXON MOBIL CORP COM	COM	30231G102	1,325	15,854	SH		SOLE		0	0	15,854
FACEBOOK INC CALL APR00119000	CL A	30303M102	17	21	SH	Call	SOLE		0	0	21
FACEBOOK INC CL A	CL A	30303M102	1,584	13,881	SH		SOLE		0	0	13,881
FERRARI N V COM	COM	N3167Y103	205	4,916	SH		SOLE		0	0	4,916
FIDELITY COMWLTH TR NDQ CP IDX TRK	NDQ CP IDX TRK	315912808	3,339	17,462	SH		SOLE		0	0	17,462
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX	DJ INTERNT IDX	33733E302	219	3,212	SH		SOLE		0	0	3,212
FIRST TR EXCHANGE TRADED FD II CLOUD COMPUTING	II CLOUD COMPUTING	33734X192	243	8,229	SH		SOLE		0	0	8,229
FIRST TR EXCHANGE TRADED FD II CONSUMR DISCRE	II CONSUMR DISCRE	33734X101	542	15,394	SH		SOLE		0	0	15,394
FIRST TR EXCHANGE TRADED FD II CONSUMR STAPLE	II CONSUMR STAPLE	33734X119	627	13,597	SH		SOLE		0	0	13,597
FIRST TR EXCHANGE TRADED FD II UTILITIES ALPH	II UTILITIES ALPH	33734X184	245	9,427	SH		SOLE		0	0	9,427
FIRST TR EXCHANGE TRADED FD VI DORSEY WRT 5 ETF	VI DORSEY WRT 5 ETF	33738R605	925	42,827	SH		SOLE		0	0	42,827
FIRST TR EXCHANGE TRADED FD VI MULTI ASSET DI	VI MULTI ASSET DI	33738R100	240	12,913	SH		SOLE		0	0	12,913
FIRST TR LRG CP GRWTH ALPHADEX COM SHS	LRG CP GRWTH ALPHADEX COM SHS	33735K108	265	5,485	SH		SOLE		0	0	5,485
FIRST TR VALUE LINE DIVID INDX SHS	VALUE LINE DIVID INDX SHS	33734H106	1,089	42,324	SH		SOLE		0	0	42,324
FISERV INC COM	COM	337738108	225	2,193	SH		SOLE		0	0	2,193
FORD MTR CO DEL COM PAR $0.01	COM	345370860	647	47,938	SH		SOLE		0	0	47,938
FS INVT CORP II COM	COM	35952V105	95	11,473	SH		SOLE		0	0	11,473
GENERAL DYNAMICS CORP COM	COM	369550108	258	1,962	SH		SOLE		0	0	1,962
GENERAL ELECTRIC CO CALL JUN00030000	COM	369604103	1	8	SH	Call	SOLE		0	0	8
GENERAL ELECTRIC CO PUT JUN00029000	COM	369604103	0	2	SH	Put	SOLE		0	0	2
GENERAL ELECTRIC CO COM	COM	369604103	1,997	62,812	SH		SOLE		0	0	62,812
GILEAD SCIENCES INC CALL AUG00100000	COM	375558103	1	4	SH	Call	SOLE		0	0	4
GILEAD SCIENCES INC COM	COM	375558103	928	10,099	SH		SOLE		0	0	10,099
GLAXOSMITHKLINE PLC SPONSORED ADR	PLC SPONSORED ADR	37733W105	926	22,829	SH		SOLE		0	0	22,829
GOLDEN PHOENIX MINERALS INC COM	COM	381149103	0	26,000	SH		SOLE		0	0	26,000
GUESS INC CALL SEP00022000	COM	401617105	0	5	SH	Call	SOLE		0	0	5
GUESS INC COM	COM	401617105	271	14,446	SH		SOLE		0	0	14,446
HARLEY DAVIDSON INC CALL AUG00050000	COM	412822108	9	20	SH	Call	SOLE		0	0	20
HARLEY DAVIDSON INC COM	COM	412822108	236	4,600	SH		SOLE		0	0	4,600
HCP INC COM	COM	40414L109	678	20,796	SH		SOLE		0	0	20,796
HOME BANCSHARES INC COM	COM	436893200	250	6,112	SH		SOLE		0	0	6,112
HOME DEPOT INC COM	COM	437076102	543	4,068	SH		SOLE		0	0	4,068
HORIZON TECHNOLOGY FIN CORP COM	COM	44045A102	118	10,150	SH		SOLE		0	0	10,150
HUMANA INC COM	COM	444859102	349	1,909	SH		SOLE		0	0	1,909
INTEL CORP COM	COM	458140100	275	8,491	SH		SOLE		0	0	8,491
INTERNATIONAL BUS MACH CALL APR00135000	COM	459200101	18	14	SH	Call	SOLE		0	0	14
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	582	3,841	SH		SOLE		0	0	3,841
INTUIT COM	COM	461202103	253	2,435	SH		SOLE		0	0	2,435
INVESCO MUN OPPORTUNITY TR COM	COM	46132C107	145	10,356	SH		SOLE		0	0	10,356
INVESCO SR INCOME TR COM	COM	46131H107	68	16,854	SH		SOLE		0	0	16,854
ISHARES GOLD TRUST ISHARES	GOLD TRUST ISHARES	464285105	1,048	88,207	SH		SOLE		0	0	88,207
ISHARES INC MIN VOL GBL ETF	INC MIN VOL GBL ETF	464286525	898	12,223	SH		SOLE		0	0	12,223
ISHARES SILVER TRUST ISHARES	SILVER TRUST ISHARES	46428Q109	157	10,684	SH		SOLE		0	0	10,684
ISHARES TR 1 3 YR TREAS BD	1 3 YR TREAS BD	464287457	384	4,515	SH		SOLE		0	0	4,515
ISHARES TR 20 YR TR BD ETF	20 YR TR BD ETF	464287432	277	2,119	SH		SOLE		0	0	2,119
ISHARES TR BARCLAYS 7 10 YR	BARCLAYS 7 10 YR	464287440	301	2,724	SH		SOLE		0	0	2,724
ISHARES TR CORE HIGH DV ETF	CORE HIGH DV ETF	46429B663	293	3,751	SH		SOLE		0	0	3,751
ISHARES TR CORE S&P TTL STK	CORE S&P TTL STK	464287150	334	3,576	SH		SOLE		0	0	3,576
ISHARES TR CORE S&P500 ETF	CORE S&P500 ETF	464287200	928	4,491	SH		SOLE		0	0	4,491
ISHARES TR CORE US AGGBD ET	CORE US AGGBD ET	464287226	1,964	17,717	SH		SOLE		0	0	17,717
ISHARES TR EAFE GRWTH ETF	EAFE GRWTH ETF	464288885	633	9,612	SH		SOLE		0	0	9,612
ISHARES TR GLOB HLTHCRE ETF	GLOB HLTHCRE ETF	464287325	452	4,693	SH		SOLE		0	0	4,693
ISHARES TR IBOXX HI YD ETF	IBOXX HI YD ETF	464288513	415	5,085	SH		SOLE		0	0	5,085
ISHARES TR INTRM TR CRP ETF	INTRM TR CRP ETF	464288638	614	5,595	SH		SOLE		0	0	5,595
ISHARES TR MRNGSTR LG-CP GR	MRNGSTR LG-CP GR	464287119	1,697	14,362	SH		SOLE		0	0	14,362
ISHARES TR MSCI EAFE ETF	MSCI EAFE ETF	464287465	268	4,683	SH		SOLE		0	0	4,683
ISHARES TR NASDAQ BIOTECH	NASDAQ BIOTECH	464287556	305	1,170	SH		SOLE		0	0	1,170
ISHARES TR NATIONAL MUN ETF	NATIONAL MUN ETF	464288414	389	3,480	SH		SOLE		0	0	3,480
ISHARES TR RUS 2000 GRW ETF	RUS 2000 GRW ETF	464287648	224	1,690	SH		SOLE		0	0	1,690
ISHARES TR RUSSELL 3000 ETF	RUSSELL 3000 ETF	464287689	284	2,354	SH		SOLE		0	0	2,354
ISHARES TR S&P US PFD STK	S&P US PFD STK	464288687	372	9,529	SH		SOLE		0	0	9,529
ISHARES TR SELECT DIVID ETF	SELECT DIVID ETF	464287168	664	8,131	SH		SOLE		0	0	8,131
ISHARES TR SH TR CRPORT ETF	CRPORT ETF	464288646	2,470	23,434	SH		SOLE		0	0	23,434
ISHARES TR TRANS AVG ETF	TRANS AVG ETF	464287192	661	4,643	SH		SOLE		0	0	4,643
ISHARES TR U.S. FINLS ETF	U.S. FINLS ETF	464287788	1,480	17,489	SH		SOLE		0	0	17,489
ISHARES TR U.S. TECH ETF	U.S. TECH ETF	464287721	553	5,098	SH		SOLE		0	0	5,098
JOHNSON & JOHNSON COM	COM	478160104	1,446	13,367	SH		SOLE		0	0	13,367
JPMORGAN CHASE & CO CALL JAN00090000	COM	46625H100	0	1	SH	Call	SOLE		0	0	1
JPMORGAN CHASE & CO PUT AUG00043000	COM	46625H100	0	6	SH	Put	SOLE		0	0	6
JPMORGAN CHASE & CO COM	COM	46625H100	437	7,372	SH		SOLE		0	0	7,372
KIMBERLY CLARK CORP COM	COM	494368103	201	1,495	SH		SOLE		0	0	1,495
KINDER MORGAN INC DEL COM	COM	49456B101	254	14,223	SH		SOLE		0	0	14,223
KRAFT HEINZ CO COM	COM	500754106	204	2,594	SH		SOLE		0	0	2,594
KRAIG BIOCRAFT LABORATORIES IN COM	COM	50075W104	1	23,500	SH		SOLE		0	0	23,500
KROGER CO COM	COM	501044101	223	5,832	SH		SOLE		0	0	5,832
LULULEMON ATHLETICA INC COM	COM	550021109	275	4,056	SH		SOLE		0	0	4,056
MANAGED HIGH YIELD PLUS FD INC COM	COM	561911108	54	30,500	SH		SOLE		0	0	30,500
MANNING & NAPIER INC CL A	CL A	56382Q102	286	35,488	SH		SOLE		0	0	35,488
MARKET VECTORS ETF TR AMT FREE LNG ETF	AMT FREE LNG ETF	57060U886	270	13,304	SH		SOLE		0	0	13,304
MATTEL INC CALL APR00032000	COM	577081102	25	140	SH	Call	SOLE		0	0	140
MATTEL INC COM	COM	577081102	822	24,438	SH		SOLE		0	0	24,438
MCDONALDS CORP COM	COM	580135101	565	4,497	SH		SOLE		0	0	4,497
MCEWEN MNG INC COM	COM	58039P107	599	318,409	SH		SOLE		0	0	318,409
MEDLEY CAP CORP COM	COM	58503F106	76	11,470	SH		SOLE		0	0	11,470
MERCK & CO INC COM	COM	58933Y105	309	5,840	SH		SOLE		0	0	5,840
MICROSOFT CORP CALL APR00054500	COM	594918104	1	6	SH	Call	SOLE		0	0	6
MICROSOFT CORP COM	COM	594918104	625	11,310	SH		SOLE		0	0	11,310
NAVIOS MARITIME MIDSTREAM LP COM UNIT LTD	UNIT LTD	Y62134104	119	11,948	SH		SOLE		0	0	11,948
NETFLIX INC COM	COM	64110L106	843	8,249	SH		SOLE		0	0	8,249
NORTHERN LTS FD TR SIERRA TACTICL R	SIERRA TACTICL R	66537Y488	764	37,254	SH		SOLE		0	0	37,254
NVIDIA CORP COM	COM	67066G104	218	6,120	SH		SOLE		0	0	6,120
O REILLY AUTOMOTIVE INC NEW COM	COM	67103H107	443	1,617	SH		SOLE		0	0	1,617
OLD REP INTL CORP COM	COM	680223104	303	16,566	SH		SOLE		0	0	16,566
OMEGA HEALTHCARE INVS INC COM	COM	681936100	840	23,785	SH		SOLE		0	0	23,785
ORACLE CORP CALL JUN00038000	COM	68389X105	2	9	SH	Call	SOLE		0	0	9
ORACLE CORP COM	COM	68389X105	409	9,994	SH		SOLE		0	0	9,994
PALO ALTO NETWORKS INC COM	COM	697435105	316	1,937	SH		SOLE		0	0	1,937
PATTERSON COMPANIES INC COM	COM	703395103	439	9,431	SH		SOLE		0	0	9,431
PEPSICO INC COM	COM	713448108	341	3,327	SH		SOLE		0	0	3,327
PFIZER INC PUT AUG00027000	COM	717081103	0	3	SH	Put	SOLE		0	0	3
PFIZER INC COM	COM	717081103	277	9,349	SH		SOLE		0	0	9,349
PHILIP MORRIS INTL INC COM	COM	718172109	381	3,880	SH		SOLE		0	0	3,880
PHILLIPS 66 CALL MAY00090000	COM	718546104	1	2	SH	Call	SOLE		0	0	2
PHILLIPS 66 COM	COM	718546104	231	2,667	SH		SOLE		0	0	2,667
PIMCO ETF TR 0-5 HIGH YIELD	0-5 HIGH YIELD	72201R783	1,015	10,915	SH		SOLE		0	0	10,915
PIMCO INCOME STRATEGY FUND II COM	NCOME STRATEGY FUND II COM	72201J104	291	33,248	SH		SOLE		0	0	33,248
PIMCO STRATEGIC INCOME FD INC COM	COM	72200X104	149	16,316	SH		SOLE		0	0	16,316
POWERSHARES ETF TR II PFD PORTFOLIO	II PFD PORTFOLIO	73936T565	730	48,926	SH		SOLE		0	0	48,926
POWERSHARES ETF TR II PWRSHS SP500 LOW	II PWRSHS SP500 LOW	73937B654	5,463	147,158	SH		SOLE		0	0	147,158
POWERSHARES ETF TR II S&P500 LOW VOL	II S&P500 LOW VOL	73937B779	1,110	27,512	SH		SOLE		0	0	27,512
POWERSHARES ETF TRUST DWA MOMENTUM PTF	DWA MOMENTUM PTF	73935X153	352	8,625	SH		SOLE		0	0	8,625
POWERSHARES ETF TRUST S&P 500 QLTY PRT	S&P 500 QLTY PRT	73935X682	818	33,268	SH		SOLE		0	0	33,268
POWERSHARES QQQ TRUST UNIT SER 1	QQQ TRUST UNIT SER 1	73935A104	2,616	23,953	SH		SOLE		0	0	23,953
PROCTER & GAMBLE CO CALL JAN00092500	COM	742718109	0	1	SH	Call	SOLE		0	0	1
PROCTER AND GAMBLE CO COM	COM	742718109	2,223	27,005	SH		SOLE		0	0	27,005
PROGRESSIVE CORP OHIO COM	COM	743315103	241	6,849	SH		SOLE		0	0	6,849
PROSHARES TR II ULT BLMBG CD OIL	II ULT BLMBG CD OIL	74347W320	318	35,675	SH		SOLE		0	0	35,675
PROSHARES TR PSHS ULT S&P 500	PSHS ULT S&P 500	74347R107	445	6,970	SH		SOLE		0	0	6,970
PROSHARES TR PSHS ULTRUSS2000	PSHS ULTRUSS2000	74347R842	376	4,975	SH		SOLE		0	0	4,975
PROSHARES TR RUSS 2000 DIVD	RUSS 2000 DIVD	74347B698	219	5,031	SH		SOLE		0	0	5,031
PROSPECT CAPITAL CORPORATION COM	COM	74348T102	267	36,749	SH		SOLE		0	0	36,749
RAVEN INDS INC COM	COM	754212108	176	11,005	SH		SOLE		0	0	11,005
REYNOLDS AMERICAN INC COM	COM	761713106	530	10,531	SH		SOLE		0	0	10,531
ROSS STORES INC COM	COM	778296103	263	4,546	SH		SOLE		0	0	4,546
ROYAL DUTCH SHELL PLC SPONS ADR A	PLC SPONS ADR A	780259206	723	14,916	SH		SOLE		0	0	14,916
RYDEX ETF TRUST GUG S&P MC400 PG	GUG S&P MC400 PG	78355W601	264	2,184	SH		SOLE		0	0	2,184
RYDEX ETF TRUST GUG S&P SC600 PV	GUG S&P SC600 PV	78355W700	307	5,328	SH		SOLE		0	0	5,328
RYDEX ETF TRUST GUG S&P500 EQ WT	GUG S&P500 EQ WT	78355W106	2,773	35,311	SH		SOLE		0	0	35,311
RYDEX ETF TRUST GUG S&P500 PU GR	GUG S&P500 PU GR	78355W403	589	7,413	SH		SOLE		0	0	7,413
RYDEX ETF TRUST GUG S&P500 PU VA	GUG S&P500 PU VA	78355W304	333	6,584	SH		SOLE		0	0	6,584
SECTOR SPDR-UTILITIES CALL JAN00041000	SBI INT-UTILS	81369Y886	0	1	SH	Call	SOLE		0	0	1
SELECT SECTOR SPDR TR SBI CONS DISCR	SBI CONS DISCR	81369Y407	1,161	14,678	SH		SOLE		0	0	14,678
SELECT SECTOR SPDR TR SBI CONS STPLS	SBI CONS STPLS	81369Y308	301	5,675	SH		SOLE		0	0	5,675
SELECT SECTOR SPDR TR SBI HEALTHCARE	SBI HEALTHCARE	81369Y209	1,178	17,379	SH		SOLE		0	0	17,379
SELECT SECTOR SPDR TR SBI INT-FINL	SBI INT-FINL	81369Y605	349	15,515	SH		SOLE		0	0	15,515
SELECT SECTOR SPDR TR SBI INT-UTILS	SBI INT-UTILS	81369Y886	592	11,922	SH		SOLE		0	0	11,922
SELECT SECTOR SPDR TR TECHNOLOGY	TECHNOLOGY	81369Y803	487	10,975	SH		SOLE		0	0	10,975
SHERWIN WILLIAMS CO COM	COM	824348106	723	2,541	SH		SOLE		0	0	2,541
SKYWORKS SOLUTIONS INC COM	COM	83088M102	487	6,249	SH		SOLE		0	0	6,249
SOUTHERN CO COM	COM	842587107	503	9,733	SH		SOLE		0	0	9,733
SOUTHERN COMPANY CALL JAN00050000	COM	842587107	0	1	SH	Call	SOLE		0	0	1
SPDR DOW JONES INDL AVRG ETF UT SER 1	DOW JONES INDL AVRG ETF UT SER 1	78467X109	623	3,527	SH		SOLE		0	0	3,527
SPDR GOLD TRUST GOLD SHS	GOLD SHS	78463V107	446	3,791	SH		SOLE		0	0	3,791
SPDR S&P 500 ETF TR TR UNIT	S&P 500 ETF TR TR UNIT	78462F103	7,907	38,472	SH		SOLE		0	0	38,472
SPDR SERIES TRUST BLOOMBERG BRCLYS	BLOOMBERG BRCLYS	78464A417	256	7,467	SH		SOLE		0	0	7,467
SPDR SERIES TRUST S&P DIVID ETF	S&P DIVID ETF	78464A763	630	7,882	SH		SOLE		0	0	7,882
SSGA ACTIVE ETF TR BLKSTN GSOSRLN	BLKSTN GSOSRLN	78467V608	787	16,933	SH		SOLE		0	0	16,933
STARBUCKS CORP CALL JAN00070000	COM	855244109	0	1	SH	Call	SOLE		0	0	1
STARBUCKS CORP COM	COM	855244109	609	10,209	SH		SOLE		0	0	10,209
STARWOOD PPTY TR INC COM	COM	85571B105	296	15,626	SH		SOLE		0	0	15,626
STEMCELLS INC COM NEW	COM	85857R204	35	135,170	SH		SOLE		0	0	135,170
TARGET CORP COM	COM	87612E106	237	2,879	SH		SOLE		0	0	2,879
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	201	1,417	SH		SOLE		0	0	1,417
TIME WARNER INC CALL JUL00070000	COM	887317303	3	5	SH	Call	SOLE		0	0	5
TIME WARNER INC PUT JUL00067500	COM	887317303	2	10	SH	Put	SOLE		0	0	10
TIME WARNER INC COM NEW	COM	887317303	293	4,032	SH		SOLE		0	0	4,032
TRACTOR SUPPLY CO COM	COM	892356106	262	2,900	SH		SOLE		0	0	2,900
TWITTER INC CALL JUN00022000	COM	90184L102	0	10	SH	Call	SOLE		0	0	10
TWITTER INC COM	COM	90184L102	194	11,741	SH		SOLE		0	0	11,741
UNITED DEV FDG IV COM	COM	910187103	105	32,744	SH		SOLE		0	0	32,744
UNITED HEALTH PRODS INC COM	COM	91059D100	1	10,049	SH		SOLE		0	0	10,049
VALLEY NATL BANCORP COM	COM	919794107	146	15,335	SH		SOLE		0	0	15,335
VANGUARD BD INDEX FD INC INTERMED TERM	INTERMED TERM	921937819	295	3,416	SH		SOLE		0	0	3,416
VANGUARD BD INDEX FD INC SHORT TRM BOND	SHORT TRM BOND	921937827	1,296	16,075	SH		SOLE		0	0	16,075
VANGUARD BD INDEX FD INC TOTAL BND MRKT	TOTAL BND MRKT	921937835	257	3,101	SH		SOLE		0	0	3,101
VANGUARD GROUP DIV APP ETF	DIV APP ETF	921908844	2,605	32,056	SH		SOLE		0	0	32,056
VANGUARD INDEX FDS GROWTH ETF	GROWTH ETF	922908736	1,507	14,154	SH		SOLE		0	0	14,154
VANGUARD INDEX FDS MCAP VL IDXVIP	MCAP VL IDXVIP	922908512	243	2,790	SH		SOLE		0	0	2,790
VANGUARD INDEX FDS MID CAP ETF	MID CAP ETF	922908629	726	5,986	SH		SOLE		0	0	5,986
VANGUARD INDEX FDS SM CP VAL ETF	SM CP VAL ETF	922908611	209	2,047	SH		SOLE		0	0	2,047
VANGUARD INDEX FDS SMALL CP ETF	SMALL CP ETF	922908751	850	7,622	SH		SOLE		0	0	7,622
VANGUARD INDEX FDS SML CP GRW ETF	SML CP GRW ETF	922908595	293	2,466	SH		SOLE		0	0	2,466
VANGUARD INDEX FDS TOTAL STK MKT	TOTAL STK MKT	922908769	1,574	15,012	SH		SOLE		0	0	15,012
VANGUARD INDEX FDS VALUE ETF	VALUE ETF	922908744	265	3,219	SH		SOLE		0	0	3,219
VANGUARD INTL EQUITY INDEX FD TT WRLD ST ETF	TT WRLD ST ETF	922042742	226	3,911	SH		SOLE		0	0	3,911
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD	SHRT TRM CORP BD	92206C409	4,404	55,030	SH		SOLE		0	0	55,030
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF	FTSE DEV MKT ETF	921943858	226	6,298	SH		SOLE		0	0	6,298
VANGUARD WORLD FDS ENERGY ETF	WORLD FDS ENERGY ETF	92204A306	472	5,495	SH		SOLE		0	0	5,495
VERIZON COMMUNICATIONS INC COM	COM	92343V104	1,753	32,424	SH		SOLE		0	0	32,424
VISA INC COM CL A	CL A	92826C839	988	12,924	SH		SOLE		0	0	12,924
WALGREENS BOOTS ALLIANCE INC COM	COM	931427108	465	5,518	SH		SOLE		0	0	5,518
WALMART INC COM	COM	931142103	2,088	30,487	SH		SOLE		0	0	30,487
WELLS FARGO & CO NEW CALL JUL00050000	COM	949746101	0	1	SH	Call	SOLE		0	0	1
WELLS FARGO CO NEW COM	COM	949746101	452	9,347	SH		SOLE		0	0	9,347
WESTPAC BKG CORP SPONSORED ADR	SPONS ADR	961214301	495	21,273	SH		SOLE		0	0	21,273
WEYERHAEUSER CO COM	COM	962166104	393	12,701	SH		SOLE		0	0	12,701
WISDOMTREE TR EUROPE HEDGED EQ	EUROPE HEDGED EQ	97717X701	323	6,226	SH		SOLE		0	0	6,226
WISDOMTREE TR US LARGECAP DIVD	US LARGECAP DIVD	97717W307	725	9,873	SH		SOLE		0	0	9,873
WISDOMTREE TR US MIDCAP DIVID	US MIDCAP DIVID	97717W505	266	3,091	SH		SOLE		0	0	3,091
WISDOMTREE TR US QTLY DIV GRT	US QTLY DIV GRT	97717X669	873	27,923	SH		SOLE		0	0	27,923
YUM BRANDS INC COM	COM	988498101	241	2,939	SH		SOLE		0	0	2,939