Portfolio, March 2, 2013

S&P 500:         1518 (108.0%)

Portfolio: $567,615 (113.5%)

XBI      2010 shares    $191,010

ITB      8160 shares    $184,497

XLE     2460 shares    $119,363

Cash                            $744

Notes: The portfolio is up 13.5 percent since May 1, 2012 compared with 8% for the S&P500.  Note the portfolio lost an additional 3% relative to the market during July, when it was out of the market for a couple days while changing positions.