Portfolio, February 7, 2014

S&P 500:                 1789 (127.3%)

Portfolio:         $757,509 (151.5%)

IBB                 1153 shares    $281,435

VHT                2025 shares    $208,312

PGJ                 7750 shares    $226,920

Cash                                           $40,704

Notes: The portfolio sold IAI, the brokerage ETF, and bought VHT, the Vanguard Health Care ETF.  Although the market in general was down for the year through February 7, the portfolio of growth sector mutual funds did not suffer the same fate: