The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abbott Laboratories COMMON 002824100 6,489 133,497 SH   SOLE   118,882 0 14,615
Aetna COMMON 00817Y108 12,443 81,952 SH   SOLE   71,725 0 10,227
Agrium COMMON 008916108 1,627 17,981 SH   SOLE   16,084 0 1,897
Alaska Air Group COMMON 011659109 1,084 12,076 SH   SOLE   11,084 0 992
Allianz SE COMMON 018805101 1,750 88,507 SH   SOLE   84,323 0 4,184
Allstate COMMON 020002101 2,254 25,484 SH   SOLE   23,882 0 1,602
Alphabet Inc Class A COMMON 02079k305 341 367 SH   SOLE   367 0 0
Alphabet Inc Class C COMMON 02079K107 355 391 SH   SOLE   391 0 0
Amazon.com COMMON 023135106 466 481 SH   SOLE   481 0 0
American Eagle Outfitters COMMON 02553E106 4,818 399,804 SH   SOLE   359,234 0 40,569
American Railcar COMMON 02916P103 2,454 64,066 SH   SOLE   59,038 0 5,028
Amgen Inc COMMON 031162100 9,831 57,078 SH   SOLE   51,205 0 5,873
Anworth Mortgage Asset Corp COMMON 037347101 2,136 355,355 SH   SOLE   325,770 0 29,585
Apple Computer COMMON 037833100 12,493 86,743 SH   SOLE   78,310 0 8,433
Archer-Daniels-Midland COMMON 039483102 7,134 172,409 SH   SOLE   154,443 0 17,966
AT&T Inc COMMON 00206r102 2,202 58,351 SH   SOLE   54,648 0 3,703
AVX Corp COMMON 002444107 2,370 145,021 SH   SOLE   136,003 0 9,018
Axis Capital COMMON G0692U109 6,063 93,773 SH   SOLE   81,301 0 12,472
Baker Hughes COMMON 057224107 4,563 83,703 SH   SOLE   73,489 0 10,214
Bank of America COMMON 060505104 6,545 269,771 SH   SOLE   228,702 0 41,069
Bank of NY Mellon Corp COMMON 064058100 6,257 122,645 SH   SOLE   106,331 0 16,314
Barrick Gold COMMON 067901108 2,753 173,031 SH   SOLE   148,635 0 24,395
BB&T Corporation COMMON 054937107 5,234 115,268 SH   SOLE   102,983 0 12,285
Benchmark Electronics COMMON 08160h101 5,492 170,026 SH   SOLE   147,582 0 22,444
Berkshire Hathaway CL B COMMON 084670702 339 1,999 SH   SOLE   1,999 0 0
BHP Billiton COMMON 088606108 616 17,302 SH   SOLE   16,444 0 858
Biogen Idec COMMON 09062X103 4,628 17,055 SH   SOLE   14,888 0 2,167
Boeing Co COMMON 097023105 2,423 12,250 SH   SOLE   11,544 0 706
CA Inc COMMON 12673P105 6,754 195,944 SH   SOLE   174,390 0 21,554
Canadian Imperial Bank of Commerce (CIBC) COMMON 136069101 3,641 44,866 SH   SOLE   40,062 0 4,804
Capital One Financial COMMON 14040H105 6,263 75,803 SH   SOLE   67,767 0 8,036
Cardinal Health COMMON 14149Y108 1,737 22,297 SH   SOLE   19,472 0 2,825
Carnival Corp COMMON 143658300 1,400 21,346 SH   SOLE   20,648 0 698
Caterpillar COMMON 149123101 6,549 60,945 SH   SOLE   55,169 0 5,776
Celanese Corp COMMON 150870103 9,594 101,058 SH   SOLE   88,526 0 12,532
Cisco Systems COMMON 17275R102 9,658 308,556 SH   SOLE   277,480 0 31,076
Coach COMMON 189754104 8,259 174,458 SH   SOLE   156,199 0 18,259
Comcast Corp CL A COMMON 20030N101 9,513 244,413 SH   SOLE   216,493 0 27,920
Consumer Discret Select Sector SPDR ETF 81369Y407 6,962 77,671 SH   SOLE   77,094 0 577
Consumer Staples Select Sector SPDR ETF 81369Y308 4,940 89,910 SH   SOLE   89,214 0 696
Corning COMMON 219350105 11,183 372,136 SH   SOLE   332,899 0 39,237
Crown Crafts COMMON 228309100 70 10,087 SH   SOLE   8,807 0 1,280
Cummins Inc COMMON 231021106 5,752 35,460 SH   SOLE   30,538 0 4,922
CVS Health COMMON 126650100 3,926 48,797 SH   SOLE   43,443 0 5,354
Deere & Co. COMMON 244199105 7,736 62,592 SH   SOLE   56,056 0 6,537
Delta Air Lines COMMON 247361702 5,470 101,787 SH   SOLE   89,252 0 12,535
Deutsche Post COMMON 25157Y202 1,171 31,137 SH   SOLE   30,302 0 835
Digital Realty Trust COMMON 253868103 6,052 53,583 SH   SOLE   47,048 0 6,534
Diodes COMMON 254543101 371 15,431 SH   SOLE   9,666 0 5,765
Direxion Daily Dev Mkts Bull 3X Shrs ETF 25459W789 594 8,956 SH   SOLE   8,956 0 0
Direxion Daily Emrg Mkts Bull 3X Shares ETF 25490K281 237 2,772 SH   SOLE   2,772 0 0
Direxion Daily Mid Cap Bull 3X Shares ETF 25459W730 207 5,562 SH   SOLE   5,562 0 0
Direxion Daily S&P500 Bull 3X Shares ETF 25459W862 634 18,562 SH   SOLE   18,562 0 0
Direxion Daily Small Cap Bull 3X Shares ETF 25459W847 398 7,132 SH   SOLE   7,132 0 0
DSW Inc COMMON 23334L102 1,916 108,249 SH   SOLE   98,911 0 9,338
Eaton Corp PLC COMMON G29183103 8,594 110,415 SH   SOLE   99,372 0 11,042
Energy Select Sector SPDR ETF 81369Y506 868 13,371 SH   SOLE   12,773 0 598
Entergy COMMON 29364G103 4,007 52,193 SH   SOLE   48,644 0 3,549
Ericsson COMMON 294821608 1,832 255,542 SH   SOLE   231,561 0 23,981
Exxon Mobil COMMON 30231G102 5,081 62,934 SH   SOLE   57,366 0 5,568
FedEx Corp COMMON 31428X106 6,593 30,336 SH   SOLE   25,993 0 4,342
Fifth Third Bancorp COMMON 316773100 5,781 222,679 SH   SOLE   193,052 0 29,627
Financials Select Sector SPDR ETF 81369Y605 7,438 301,516 SH   SOLE   299,281 0 2,235
Fluor COMMON 343412102 3,829 83,630 SH   SOLE   73,248 0 10,382
Foot Locker COMMON 344849104 967 19,624 SH   SOLE   18,735 0 889
General Electric Co. COMMON 369604103 1,696 62,795 SH   SOLE   57,483 0 5,312
General Motors COMMON 37045V100 5,687 162,804 SH   SOLE   143,680 0 19,123
Gilead Sciences COMMON 375558103 4,785 67,601 SH   SOLE   61,158 0 6,443
Global X FTSE Colombia 20 ETF ETF 37950E200 4,327 447,447 SH   SOLE   443,142 0 4,305
Goldman Sachs Group COMMON 38141G104 4,221 19,021 SH   SOLE   16,763 0 2,258
Goodyear Tire COMMON 382550101 7,023 200,900 SH   SOLE   178,529 0 22,372
Halliburton Co. COMMON 406216101 3,171 74,240 SH   SOLE   64,043 0 10,197
Health Care Select Sector SPDR ETF 81369Y209 8,386 105,831 SH   SOLE   105,139 0 692
HollyFrontier Corp COMMON 436106108 5,291 192,604 SH   SOLE   170,734 0 21,870
Home Depot COMMON 437076102 307 2,000 SH   SOLE   2,000 0 0
Honda Motor COMMON 438128308 1,544 56,366 SH   SOLE   51,276 0 5,090
HSBC Holdings PLC COMMON 404280406 2,456 52,942 SH   SOLE   49,079 0 3,863
Industrial Select Sector SPDR ETF 81369Y704 2,113 31,018 SH   SOLE   31,018 0 0
ING Groep NV COMMON 456837103 6,655 382,700 SH   SOLE   333,437 0 49,263
Intel COMMON 458140100 8,547 253,321 SH   SOLE   231,044 0 22,277
Int'l Business Machines COMMON 459200101 5,735 37,282 SH   SOLE   33,886 0 3,396
iShares Barclays 20 Plus Year Treas Bond ETF 464287432 2,251 17,992 SH   SOLE   17,540 0 452
iShares Barclays 7-10 Year Treasury ETF 464287440 3,784 35,496 SH   SOLE   34,379 0 1,117
iShares Barclays MBS Bond ETF ETF 464288588 1,633 15,296 SH   SOLE   14,590 0 706
iShares iBoxx Invest Grade Corp Bond ETF 464287242 5,694 47,246 SH   SOLE   45,979 0 1,267
iShares JPMorgan USD Emerg Markets Bond ETF 464288281 3,483 30,460 SH   SOLE   29,559 0 901
iShares MSCI All Peru Capped Index Fund ETF 464289842 4,189 123,679 SH   SOLE   121,284 0 2,395
iShares MSCI Australia Index ETF 464286103 2,707 124,855 SH   SOLE   123,575 0 1,280
iShares MSCI Austria Index ETF 464286202 1,240 58,379 SH   SOLE   57,790 0 589
iShares MSCI Belgium Capped Index ETF 464286301 606 30,928 SH   SOLE   26,690 0 4,238
iShares MSCI Brazil Capped Index Fund ETF 464286400 7,865 230,382 SH   SOLE   223,887 0 6,495
iShares MSCI Chile Capped ETF ETF 464286640 4,764 114,325 SH   SOLE   112,230 0 2,095
iShares MSCI France Index Fund ETF 464286707 1,690 58,764 SH   SOLE   58,328 0 436
iShares MSCI Frontier 100 ETF 464286145 320 11,214 SH   SOLE   11,214 0 0
iShares MSCI Germany Index Fund ETF 464286806 4,254 140,529 SH   SOLE   138,597 0 1,932
iShares MSCI Hong Kong Index ETF 464286871 3,025 129,127 SH   SOLE   127,684 0 1,443
iShares MSCI India Index Fund ETF 46429B598 4,261 132,734 SH   SOLE   128,950 0 3,784
iShares MSCI Indonesia Index ETF 46429B309 5,666 208,214 SH   SOLE   203,174 0 5,040
iShares MSCI Italy Capped Inde ETF 46434G830 2,535 91,184 SH   SOLE   90,261 0 923
iShares MSCI Japan Index ETF 46434G822 9,180 171,116 SH   SOLE   168,167 0 2,949
iShares MSCI Netherlands Inves ETF 464286814 1,648 56,950 SH   SOLE   53,644 0 3,306
iShares MSCI New Zealand Index ETF 464289123 5,033 108,797 SH   SOLE   106,794 0 2,003
iShares MSCI Philippines Index ETF 46429B408 308 8,590 SH   SOLE   7,407 0 1,183
iShares MSCI Poland Investable ETF ETF 46429B606 4,103 168,979 SH   SOLE   165,750 0 3,229
iShares MSCI South Africa Index ETF 464286780 5,948 104,868 SH   SOLE   102,475 0 2,393
iShares MSCI South Korea Index ETF 464286772 5,444 80,290 SH   SOLE   78,332 0 1,958
iShares MSCI Spain Capped Index ETF 464286764 2,839 86,441 SH   SOLE   85,752 0 689
iShares MSCI Switzerland Index ETF 464286749 3,366 98,105 SH   SOLE   94,756 0 3,349
iShares MSCI Taiwan Index ETF 46434G772 5,250 146,820 SH   SOLE   143,144 0 3,676
iShares MSCI Thailand Capped ETF ETF 464286624 5,612 71,988 SH   SOLE   70,327 0 1,661
iShares MSCI United Kingdom Index ETF 46435G334 6,540 196,224 SH   SOLE   194,258 0 1,966
iShares National Muni Bond ETF 464288414 1,394 12,660 SH   SOLE   12,355 0 305
Jabil Inc. COMMON 466313103 3,490 119,566 SH   SOLE   106,012 0 13,554
Johnson & Johnson COMMON 478160104 8,705 65,803 SH   SOLE   60,313 0 5,490
JP Morgan Chase COMMON 46625H100 10,833 118,523 SH   SOLE   106,213 0 12,310
Keycorp COMMON 493267108 2,442 130,326 SH   SOLE   114,678 0 15,648
Kimberly Clark COMMON 494368103 1,800 13,938 SH   SOLE   12,313 0 1,625
Kimco Realty Corp COMMON 49446R109 1,783 97,169 SH   SOLE   95,445 0 1,724
Kohl's COMMON 500255104 3,748 96,910 SH   SOLE   85,185 0 11,724
Kroger COMMON 501044101 885 37,949 SH   SOLE   36,539 0 1,410
Manpower Inc COMMON 56418H100 11,544 103,395 SH   SOLE   91,738 0 11,657
Marvell Tech COMMON g5876h105 3,892 235,577 SH   SOLE   209,917 0 25,660
Materials Select Sector SPDR ETF 81369Y100 987 18,343 SH   SOLE   18,343 0 0
McKesson COMMON 58155Q103 3,463 21,044 SH   SOLE   18,850 0 2,193
MDC Holdings COMMON 552676108 9,341 264,390 SH   SOLE   235,965 0 28,424
Medtronic PLC COMMON G5960L103 1,751 19,727 SH   SOLE   17,928 0 1,799
Merck & Co. COMMON 58933Y105 2,356 36,755 SH   SOLE   33,162 0 3,593
Metlife COMMON 59156r108 6,072 110,516 SH   SOLE   98,921 0 11,595
Microsoft COMMON 594918104 11,961 173,524 SH   SOLE   156,277 0 17,247
Mosaic COMMON 61945c103 3,696 161,882 SH   SOLE   144,593 0 17,289
National Oilwell COMMON 637071101 4,569 138,715 SH   SOLE   125,073 0 13,643
Netapp Inc COMMON 64110D104 318 7,946 SH   SOLE   7,727 0 219
Newmont Mining Corp Holding Co. COMMON 651639106 2,322 71,692 SH   SOLE   67,310 0 4,382
Nike Inc. COMMON 654106103 5,493 93,109 SH   SOLE   82,254 0 10,856
Nippon Telegraph and Telephone COMMON 654624105 3,997 84,824 SH   SOLE   72,865 0 11,960
Norfolk Southern COMMON 655844108 8,617 70,806 SH   SOLE   62,760 0 8,046
Oceaneering Int'l COMMON 675232102 2,476 108,403 SH   SOLE   95,560 0 12,843
Old National Bancorp COMMON 680033107 5,610 325,239 SH   SOLE   285,869 0 39,370
Oracle COMMON 68389X105 7,535 150,285 SH   SOLE   132,221 0 18,063
Pfizer COMMON 717081103 2,776 82,641 SH   SOLE   73,793 0 8,848
Physicians Realty Trust COMMON 71943U104 324 16,109 SH   SOLE   16,109 0 0
PIMCO 0-5 Year High Yield Corporate Bond Index ETF ETF 72201R783 1,592 15,703 SH   SOLE   15,236 0 467
PIMCO Enhanced Short Maturity ETF ETF 72201R833 1,466 14,414 SH   SOLE   13,832 0 582
PNC Financial COMMON 693475105 6,874 55,050 SH   SOLE   48,831 0 6,220
Powershares DB Optimum Yield ETF 73937V106 702 44,458 SH   SOLE   44,458 0 0
Powershares S&P 500 Consumer Discretionary ETF 73937B506 341 6,253 SH   SOLE   6,253 0 0
Proctor & Gamble COMMON 742718109 213 2,445 SH   SOLE   2,445 0 0
Prudential COMMON 744320102 9,454 87,423 SH   SOLE   78,771 0 8,653
Qualcomm COMMON 747525103 4,530 82,044 SH   SOLE   73,309 0 8,735
Rayonier COMMON 754907103 927 32,216 SH   SOLE   28,374 0 3,842
Real Estate Select SPDR ETF 81369Y860 3,810 118,317 SH   SOLE   117,907 0 410
Regency Centers COMMON 758849103 3,764 60,086 SH   SOLE   50,778 0 9,308
Royal Caribbean Cruises COMMON v7780t103 9,194 84,172 SH   SOLE   72,681 0 11,491
Royal Dutch Shell A COMMON 780259206 2,374 44,630 SH   SOLE   38,286 0 6,344
Sanofi COMMON 80105n105 4,598 95,974 SH   SOLE   87,445 0 8,529
Schlumberger COMMON 806857108 996 15,121 SH   SOLE   13,175 0 1,946
Seagate Technology COMMON g7945m107 8,316 214,604 SH   SOLE   192,080 0 22,524
Ship Finance Int'l COMMON G81075106 2,677 196,850 SH   SOLE   179,583 0 17,267
Shire Pharmaceuticals COMMON 82481R106 4,938 29,879 SH   SOLE   26,453 0 3,426
Siemens AG COMMON 826197501 235 3,400 SH   SOLE   3,400 0 0
SPDR Bloomberg Barclays 1 to 3 Month Bill ETF 78464A680 670 14,645 SH   SOLE   14,645 0 0
SPDR S&P Emerging Markets Small Cap ETF ETF 78463X756 4,663 99,915 SH   SOLE   98,913 0 1,002
Staples COMMON 855030102 1,953 193,907 SH   SOLE   172,140 0 21,767
Symantec COMMON 871503108 6,775 239,826 SH   SOLE   216,350 0 23,476
Synchrony Financial COMMON 87165B103 1,471 49,313 SH   SOLE   46,329 0 2,984
Target COMMON 87612E106 3,810 72,863 SH   SOLE   63,771 0 9,092
Technology Select Sector SPDR ETF 81369Y803 6,932 126,672 SH   SOLE   125,284 0 1,388
The Travelers Companies COMMON 89417e109 2,391 18,897 SH   SOLE   16,741 0 2,156
Total SA COMMON 89151e109 3,226 65,058 SH   SOLE   62,293 0 2,765
Trinity Industries COMMON 896522109 3,163 112,847 SH   SOLE   101,759 0 11,089
Tsakos Energy COMMON G9108L108 2,592 540,084 SH   SOLE   469,437 0 70,647
Tutor Perini Corp COMMON 901109108 4,854 168,832 SH   SOLE   148,323 0 20,509
Tyson Foods COMMON 902494103 4,624 73,835 SH   SOLE   65,110 0 8,725
United Technologies COMMON 913017109 208 1,700 SH   SOLE   1,700 0 0
Utilities Select Sector SPDR ETF 81369Y886 6,191 119,150 SH   SOLE   118,905 0 245
Vaneck Vectors Emerging Markets High Yield Bond ETF ETF 92189F353 5,542 226,102 SH   SOLE   222,333 0 3,769
Vaneck Vectors Russia ETF ETF 92189F403 1,825 95,194 SH   SOLE   90,376 0 4,818
Vanguard Interm-Tm Corp Bond Index ETF ETF 92206C870 1,600 18,276 SH   SOLE   17,295 0 981
Vanguard Mortgage-Backed Securities ETF ETF 92206c771 776 14,728 SH   SOLE   14,728 0 0
Vanguard Short-Term Bond ETF ETF 921937827 4,062 50,867 SH   SOLE   50,358 0 509
Vanguard Short-Term Corp Bond Index ETF ETF 92206C409 422 5,277 SH   SOLE   4,812 0 465
Vanguard Total Bond Market ETF ETF 921937835 1,344 16,419 SH   SOLE   15,378 0 1,041
Verizon Communications COMMON 92343V104 2,998 67,121 SH   SOLE   59,740 0 7,381
Walgreens Boots Alliance COMMON 931427108 958 12,237 SH   SOLE   11,837 0 400
Wal-Mart Stores COMMON 931142103 6,025 79,612 SH   SOLE   73,023 0 6,589
Walt Disney COMMON 254687106 11,392 107,221 SH   SOLE   96,071 0 11,150
Wells Fargo & Co. COMMON 949746101 5,656 102,078 SH   SOLE   92,533 0 9,545
Whirpool COMMON 963320106 6,704 34,987 SH   SOLE   31,555 0 3,432
Williams Sonoma COMMON 969904101 1,397 28,804 SH   SOLE   24,792 0 4,012
Yamana Gold COMMON 98462Y100 1,768 727,371 SH   SOLE   671,696 0 55,675
Zimmer Biomet COMMON 98956p102 5,705 44,429 SH   SOLE   38,953 0 5,476