Portfolio, April 3, 2013

S&P 500:         1557 (110.8%)

Portfolio: $576,323 (115.3%)

IBB      1253 shares    $200,166

ITB      8160 shares    $183,110

IYT     1785 shares    $190,959

Cash                            $582

Notes: The portfolio sold XLP, the consumer staples ETF that was bought last month as a defensive position, and bought IBB, a biotech ETF that has been performing well.  XLP’s modest gains helped mitigate some losses incurred, as housing (ITB) is down slightly on the month.

Our portfolio is up 15.3 percent since May 1, 2012 compared with 10.8% for the S&P500.  The portfolio briefly reached gains of 20% mid-month, while the S&P 500 reached a mid-month high of 1570, for a 11.7% gain since May 1, 2012.