S&P 500: 1362.0 (96.9%)

Portfolio: $505,912 (101.2%)

XBI      3560 shares    $180,921

XHB    7920 shares    $169,052

XLY      3560 shares    $155,857

Cash                            $82

Notes: The aggressive momentum portfolio of funds/ETFs is back over starting value, while the S&P 500 lags its May 1 benchmark value by a few percent.  Difference since inception (two months) is a 4.3% improvement over the S&P 500 return over the same time period.

S&P 500: 1278.0 (90.9%)

Portfolio: $463556 (92.7%)

XBI      3560 shares    $160,123

XHB    7920 shares    $154,757

XLY      3560 shares    $148,594

Cash                            $82

Notes: Portfolio value has dropped about 4/5 the drop seen in the S&P 500 over the same period, both due largely to market concerns over European debt defaults.  Percentage investments in each fund/ETF as of May 1 were not exactly equal due to preexisting holdings on some current investments.

S&P 500: 1405

Cash: $500,000 (normalized value)

Notes: S&P 500 tracked for reference, purchasing approximately equal shares of XBI (Biotech ETF), XHB (Homebuilders ETF), and XLY (Consumer Discretionary ETF).