SOLD:
MSCI Emerging Markets Index (EEM)
S&P Small Cap 600 (IJR)

BOUGHT:
iShares DowJones US Technology (IYW)
Russell 1000 Growth Index (IWF)

Taxable_Acct. - Tactical_Asset_Rotation(TAR): RRS
SELL: IF( Avg Rank > 3 or RRS126 < 0 or SMA10 < SMA100 ), BUY: IF( Avg Rank < 3 & Price > LR126 )
COUNTIF( Buy ) 0 of 5 or 0% , COUNTIF( Held ) 2 of 5 or 40%
Hold: TWO(2), LT Holdings: PRF,PXF , Sell: - , Buy: -

                                                               (R6,R3)   LR126  LR126  (10,100)           Days
  EndD     ETF's  Class:   Price   RRS126  RRS63  RRS42  GSDm  Avg Rank  STEYX  % off   SMA_PO   Status:  Held
30-Mar-12   PRF   US:LC     60.50     44%    47%    35%   22%       2.0    1.2  -0.4%      7.0%      HTD    77
30-Mar-12   PXF   GL:DM     35.83     25%    63%    13%   26%       2.0    1.4  -0.1%      6.0%      HTD    33
30-Mar-12   VNQ   US:RE     63.65     51%    37%     9%   26%       2.0    1.7  -0.8%      6.5%      HTD  
30-Mar-12   DBC   GL:Com    28.80     20%    37%    18%   19%       4.0    0.7  -1.2%      3.5%     Sell  
30-Mar-12   TLT   US:FILB  112.20     -5%   -23%   -29%   17%       5.0    2.8  -3.0%     -4.4%     Sell  

Taxable_Acct. - DowJones Sectors(Rated>7): RRS
SELL: IF( Avg Rank >= 6 or RRS126 < 0 or SMA10 < SMA100 ), BUY: IF( Avg Rank < 4 & Price > LR126 )
COUNTIF( Buy ) 2 of 20 or 10% , COUNTIF( Held ) 3 of 20 or 15%
Hold: THREE(3), ST Holdings: ITB,IYF,IYW , Sell: - , Buy: IYW

                                                              (R6,R3,R2)  LR126  LR126  (10,100)           Days
  EndD     ETF's  Class:   Price  RRS126  RRS63  RRS42  GSDm   Avg Rank   STEYX  % off   SMA_PO   Status:  Held
30-Mar-12   ITB   US:HC    14.72    166%   103%    71%   45%         2.0    0.5  -3.7%     15.3%      HTD    64
30-Mar-12   IYF   US:FIN   58.52     66%    88%    75%   28%         2.3    1.7   1.6%     12.4%      BUY    14
30-Mar-12   IYW   US:TECH  77.81     57%   121%    89%   23%         2.3    2.4   2.7%     12.4%      BUY     2
30-Mar-12   IYC   US:CS    80.99     48%    64%    58%   21%         6.0    1.5   0.9%      8.7%     Sell  
30-Mar-12   IHF   US:HCP   66.88     57%    44%    33%   29%         7.0    1.4   0.8%      6.6%     Sell  
30-Mar-12   IAK   US:INS   32.05     52%    53%    24%   27%         7.3    0.9  -0.8%      7.3%     Sell  
30-Mar-12   IYY   US:TM    70.73     47%    56%    40%   21%         7.3    1.5   0.0%      7.7%     Sell  
30-Mar-12   IYJ   US:IND   71.38     59%    44%    17%   28%         7.3    1.7  -2.1%      7.0%     Sell  
30-Mar-12   IHE   US:PH    83.06     55%    35%    37%   19%         8.7    1.1  -0.4%      6.8%     Sell  
30-Mar-12   ITA   US:AD    67.13     50%    40%    10%   25%        10.3    1.4  -2.1%      5.6%     Sell  
30-Mar-12   IYK   US:CG    74.12     30%    40%    40%   14%        11.0    1.1   0.9%      5.8%     Sell  
30-Mar-12   IYR   US:RE    62.30     49%    37%    10%   25%        11.3    1.5  -0.9%      6.3%     Sell  
30-Mar-12   IEO   US:OGEP  65.79     44%    46%    -6%   38%        12.0    3.2  -5.8%      2.7%     Sell  
30-Mar-12   IYH   US:HC    78.20     42%    29%    24%   19%        12.3    1.2   0.5%      6.0%     Sell  
30-Mar-12   IYE   US:EN    41.52     37%    26%     0%   29%        15.3    1.4  -4.5%      2.5%     Sell  
30-Mar-12   IYT   US:T     93.69     38%     6%    -4%   29%        16.3    2.7  -2.8%      3.5%     Sell  
30-Mar-12   IYM   US:BM    70.36     39%    16%   -22%   34%        16.7    2.7  -3.4%      3.1%     Sell  
30-Mar-12   IDU   US:UT    86.16      9%     1%     3%   12%        17.3    1.4  -1.1%      0.1%     Sell  
30-Mar-12   IEZ   US:OES   53.50     35%    18%   -34%   43%        17.7    2.7  -7.4%     -0.3%     Sell  
30-Mar-12   BND   US:FIT   83.28      0%    -2%    -6%    3%        19.3    0.3  -0.3%     -0.6%     Sell  

IRA_Acct. - FIDO_Balanced Trends and Ranks: RRS
SELL: IF( Avg Rank >= 6 or RRS126 < 0 or SMA10 < SMA100 ), BUY: IF( Avg Rank < 4 & Price > LR126 )
COUNTIF( Buy ) 1 of 14 or 7% , COUNTIF( Held ) 2 of 14 or 14%
Hold: THREE(3), ST Holdings: IWO,IWF , Sell: EEM , Buy: IWF

                                                               (R6,R3)   LR126  LR126  (10,100)           Days
  EndD     ETF's  Class:   Price   RRS126  RRS63  RRS42  GSDm  Avg Rank  STEYX  % off   SMA_PO   Status:  Held
30-Mar-12   IWO   US:SCG    95.38     57%    58%    11%   31%       2.0    2.7  -1.7%      7.5%      HTD    59
30-Mar-12   IWF   US:LCG    66.08     47%    68%    47%   21%       3.0    1.5   0.6%      8.4%      BUY     2
30-Mar-12   SCZ   GL:SC     40.13     27%    71%    19%   24%       5.0    1.5   1.9%      6.9%      HTD  
30-Mar-12   EEM   GL:EM     42.95     40%    57%    -6%   30%       5.0    1.7  -2.4%      4.9%      HTD  
30-Mar-12   IWN   US:SCV    72.97     54%    42%     6%   28%       5.0    1.9  -1.9%      6.9%      HTD  
30-Mar-12   IWD   US:LCV    70.07     45%    43%    34%   22%       6.0    1.4  -0.7%      6.9%     Sell  
30-Mar-12   IYR   US:REIT   62.30     49%    37%    10%   25%       6.0    1.5  -0.9%      6.3%     Sell  
30-Mar-12   DBE   GLC:ENE   30.05     32%    54%    44%   22%       6.5    0.8  -2.3%      5.2%     Sell  
30-Mar-12  ACWX   GL:LCB    40.83     28%    57%    14%   24%       6.5    1.4  -0.1%      5.6%     Sell  
30-Mar-12   DBB   GLC:BM    20.09     23%    21%   -17%   27%      10.0    0.7  -3.8%      1.9%     Sell  
30-Mar-12   DBP   GLC:PM    58.33      1%    15%   -33%   29%      11.5    2.3  -1.4%     -1.6%     Sell  
30-Mar-12   AGG   US:FI    109.85      1%    -2%    -7%    3%      12.0    0.5  -0.4%     -0.4%     Sell  
30-Mar-12   SHY   US:FI     84.32      0%    -1%    -2%    1%      12.5    0.1  -0.1%     -0.2%     Sell  
30-Mar-12   DBA   GLC:AG    28.10    -13%    -8%   -20%   15%      14.0    0.7  -0.3%     -2.0%     Sell  

IRA_Acct. - S&P Equal Weight Sector ETF's: RRS
SELL: IF( Avg Rank >= 3 or RRS126 < 0 or SMA10 < SMA100 ), BUY: IF( Avg Rank < 2.5 & Price > LR126 )
COUNTIF( Buy ) 2 of 12 or 17% , COUNTIF( Held ) 1 of 12 or 8%
Hold: ONE(1), ST Holdings: RYF , Sell: - , Buy: -

                                                              (R6,R3,R2)  LR126  LR126  (10,100)           Days
  EndD     ETF's  Class:  Price   RRS126  RRS63  RRS42  GSDm   Avg Rank   STEYX  % off   SMA_PO   Status:  Held
30-Mar-12   RYF   US:SF    28.35     69%    82%    58%   30%         1.3    0.9   0.3%     11.5%      BUY    37
30-Mar-12   RCD   US:SD    54.80     57%    78%    60%   27%         2.0    1.4   0.3%      9.8%      BUY  
30-Mar-12   RYT   US:ST    58.74     51%    78%    31%   27%         3.3    1.9   0.7%      9.0%     Sell  
30-Mar-12   RSP   US:LC    51.87     46%    51%    27%   24%         5.3    1.2  -0.7%      7.1%     Sell  
30-Mar-12   RGI   US:SI    57.50     55%    35%     7%   29%         5.3    1.4  -2.7%      5.7%     Sell  
30-Mar-12   RYH   US:SH    75.41     45%    44%    27%   22%         5.7    1.5   1.4%      7.3%     Sell  
30-Mar-12   RHS   US:SS    66.16     24%    23%    29%   14%         7.3    0.8   0.4%      4.0%     Sell  
30-Mar-12   RTM   US:SM    62.75     53%    28%    -5%   31%         7.3    2.0  -2.7%      5.5%     Sell  
30-Mar-12   RYE   US:SE    64.03     32%    28%   -17%   37%         9.0    3.0  -5.5%      1.0%     Sell  
30-Mar-12   HYG   US:HY    90.72     17%     8%     1%   12%         9.7    1.5  -1.4%      1.8%     Sell  
30-Mar-12   RYU   US:SU    54.57      8%     4%     5%   14%        10.0    0.8  -0.8%      0.2%     Sell  
30-Mar-12   IEF   US:TB   103.28      1%    -9%   -16%    7%        11.7    1.0  -1.4%     -1.6%     Sell  

FIDO_Free Trends and Ranks: RRS
SELL: IF( Avg Rank >= 6 or RRS126 < 0 or SMA10 < SMA100 ), BUY: IF( Avg Rank < 4 & Price > LR126 )
COUNTIF( Buy ) 0 of 12 or 0% , COUNTIF( Held ) 2 of 12 or 17%
Hold: THREE(3), ST Holdings: EEM,IJH , Sell: IJR , Buy: -

                                                               (R6,R3)   LR126  LR126  (10,100)           Days
  EndD     ETF's  Class:   Price   RRS126  RRS63  RRS42  GSDm  Avg Rank  STEYX  % off   SMA_PO   Status:  Held
30-Mar-12   IJH   US:MCB    99.22     53%    62%    24%   27%       2.0    2.6  -1.2%      7.6%      HTD    38
30-Mar-12   SCZ   GL:SC     40.13     27%    71%    19%   24%       4.0    1.5   1.9%      6.9%      HTD  
30-Mar-12   EEM   GL:EM     42.95     40%    57%    -6%   30%       4.0    1.7  -2.4%      4.9%      HTD    47
30-Mar-12   IJR   US:SCB    76.31     59%    46%     8%   28%       4.0    1.9  -1.9%      7.2%      HTD  
30-Mar-12   IVV   US:LCB   141.21     45%    54%    43%   20%       4.5    2.9   0.1%      7.7%      HTD  
30-Mar-12   IYR   US:REIT   62.30     49%    37%    10%   25%       5.5    1.5  -0.9%      6.3%      HTD  
30-Mar-12   EFA   GL:DM     54.89     24%    55%    18%   23%       6.0    1.8   0.7%      5.9%     Sell  
30-Mar-12   IDV   GL:SD     32.60     20%    50%    15%   22%       7.5    1.1   0.7%      5.2%     Sell  
30-Mar-12   DVY   US:SD     55.96     29%    22%    18%   16%       8.0    0.8  -1.3%      3.7%     Sell  
30-Mar-12   EMB   GL:FI    112.71     12%    23%    13%    8%       9.5    1.4  -0.4%      1.9%     Sell  
30-Mar-12   LQD   US:FI    115.63      9%     6%    -8%    6%      11.0    1.3  -0.7%      0.6%     Sell  
30-Mar-12   TIP   US:FI    117.65      6%     2%    -7%    5%      12.0    0.8  -1.1%      0.0%     Sell  

Shortables Trends and Ranks: RRS
BUY: to Cover IF( Avg Rank <= 5 ), SELL: Short IF( Avg Rank >= 6 & Price < LR63 )
COUNTIF( Sell ) 5 of 10 or 50% , COUNTIF( Held ) 0 of 10 or 0%
ST Holdings: - , Sell: - , Buy: -

                                                              (R3,R2,R1)  LR63   LR63   (10,100)           Days
  EndD     ETF's  Class:   Price   RRS63  RRS42  RRS21  GSDm   Avg Rank   STEYX  % off   SMA_PO   Status:  Held
30-Mar-12   AGG   US:T     109.85    -2%    -7%    -9%    3%         9.3    0.4   0.0%     -0.4%     SELL  
30-Mar-12   EEM   GL:EM     42.95    57%    -6%   -23%   30%         7.3    1.2  -4.2%      4.9%     SELL  
30-Mar-12   GSG   GL:COM    34.78    35%    29%   -17%   21%         6.7    0.5  -3.6%      3.8%     SELL  
30-Mar-12   DIA   US:LCB   131.80    30%    22%    34%   18%         6.7    0.9  -0.4%      5.1%     SELL  
30-Mar-12   IYR   US:REIT   62.30    37%    10%    46%   25%         6.0    1.0  -0.5%      6.3%     SELL  
30-Mar-12   EFA   GL:DM     54.89    55%    18%    26%   23%         5.7    0.9  -2.1%      5.9%      HTD  
30-Mar-12   IWM   US:SCB    82.81    49%     9%    83%   30%         5.3    1.6  -1.8%      7.2%      HTD  
30-Mar-12   IJH   US:MCB    99.22    62%    24%    45%   27%         3.7    1.5  -2.2%      7.6%      Buy  
30-Mar-12   IVV   US:LCB   141.21    54%    43%    62%   20%         3.3    1.0  -0.9%      0.1%      Buy  
30-Mar-12   QQQ   US:LCB    67.55   107%    87%   125%   22%         1.0    0.5  -1.1%     12.0%      Buy  

Notes: Last modified 3/1/2012.
Universe: Selected ETF's from Fidelity's List with at least 1-year of history. Non-traditional ETFs/ETNs/Holders are excluded.
Strategy / Conditions: ---------------------------------------------------------------------------------------
1) Apply a mechanical trend analysis model for trading ETF's that outperforms a buy and hold strategy.
2) Each group Backtested with DAILY data. http://www.etfscreen.com
3) The Regression Relative Strength (RRSx) is the Log-price regression SLOPE of each ETF, then Annualized.
4) The final sort is the Average of RRSx Ranks, where R6, R3, R2 or R1 are rankings of monthly lookback periods.
5) LRxx is the last price on Linear Regression Trend line - TREND(days). Buy/Sell price target determined by LRxx
6) Buy, Sell and HTD criteria are as noted. Set Trailing Stops @ ATR when Ranking status is HTD condition.
7) Go to cash when the specified number to hold are not available.
8) Standard Error (STEYX) included as a tie breaker. The larger the error the less reliable the trend.
This can be caused by the changes in the prevailing trend within the specified number of periods.
9) Historic prices are Non-dividend adjusted values.
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