S&P 500:                 2004 (142.6%)

Portfolio:         $834,983 (167.0%)

IBB                    1153 shares    $320,557

VHT                2025 shares    $237,998

IYT                   1832.23 shares    $276,428

Notes: The portfolio has not made any changes the past few months, and has outperformed the S&P 500 by approximately 57%.  Despite higher volatility this year, the portfolio has remained soundly above the index benchmark.  Biotech and health care continue to perform strongly, while transportation does well enough to avoid replacement