S&P 500:                 1885 (134.2%)

Portfolio:         $778,100 (155.6%)

IBB                    1153 shares    $278,622

VHT                2025 shares    $218,214

PGJ                   7750 shares    $240,560

Cash                                           $40,704

Notes: The portfolio has not made any changes this month.  China (PGJ) and biotech (IBB) holdings suffered in market that is becoming skittish, losing some of this year’s gains: