Portfolio, December 3, 2012

S&P 500:         1409 (100.3%)

Portfolio: $526,390 (105.3%)

XBI      2010 shares    $180,156

ITB      8160 shares    $168,748

DGS     3790 shares    $177,485

Cash                            $10

Notes: The portfolio is up 5.3 percent since May 1, compared with 0.3% for the S&P500.