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 7,153 134,052 SH   SOLE   119,549 0 14,503
Aetna COMMON 00817Y108 13,056 82,109 SH   SOLE   71,882 0 10,228
Agrium COMMON 008916108 2,004 18,690 SH   SOLE   16,763 0 1,927
Alaska Air Group COMMON 011659109 1,042 13,661 SH   SOLE   12,671 0 990
Allianz SE COMMON 018805101 2,009 89,723 SH   SOLE   85,977 0 3,746
Allstate COMMON 020002101 1,278 13,905 SH   SOLE   12,698 0 1,207
Alphabet Inc Class A COMMON 02079k305 382 392 SH   SOLE   392 0 0
Alphabet Inc Class C COMMON 02079K107 371 387 SH   SOLE   387 0 0
Amazon.com COMMON 023135106 410 427 SH   SOLE   427 0 0
American Eagle Outfitters COMMON 02553E106 5,353 374,326 SH   SOLE   334,230 0 40,096
American Railcar COMMON 02916P103 2,328 60,320 SH   SOLE   55,436 0 4,884
Amgen Inc COMMON 031162100 10,736 57,579 SH   SOLE   51,755 0 5,824
Anworth Mortgage Asset Corp COMMON 037347101 2,131 354,631 SH   SOLE   326,114 0 28,517
Apple Computer COMMON 037833100 13,495 87,563 SH   SOLE   79,215 0 8,348
Archer-Daniels-Midland COMMON 039483102 7,394 173,946 SH   SOLE   155,907 0 18,039
AT&T Inc COMMON 00206r102 2,299 58,697 SH   SOLE   55,230 0 3,467
AVX Corp COMMON 002444107 2,383 130,727 SH   SOLE   122,174 0 8,553
Axis Capital COMMON G0692U109 5,409 94,378 SH   SOLE   81,901 0 12,477
Baker Hughes a GE Company COMMON 05722g100 2,967 81,033 SH   SOLE   70,827 0 10,206
Bank of America COMMON 060505104 6,960 274,665 SH   SOLE   233,590 0 41,076
Bank of NY Mellon Corp COMMON 064058100 6,523 123,022 SH   SOLE   106,695 0 16,327
Barrick Gold COMMON 067901108 2,828 175,778 SH   SOLE   151,660 0 24,119
BB&T Corporation COMMON 054937107 5,484 116,830 SH   SOLE   104,643 0 12,187
Benchmark Electronics COMMON 08160h101 5,834 170,847 SH   SOLE   148,368 0 22,479
Berkshire Hathaway CL B COMMON 084670702 366 1,999 SH   SOLE   1,999 0 0
BHP Billiton COMMON 088606108 704 17,364 SH   SOLE   16,578 0 786
Biogen Idec COMMON 09062X103 5,346 17,073 SH   SOLE   14,906 0 2,167
Boeing Co COMMON 097023105 2,547 10,021 SH   SOLE   9,456 0 565
Brighthouse Financial COMMON 10922N103 561 9,219 SH   SOLE   8,218 0 1,001
CA Inc COMMON 12673P105 6,548 196,168 SH   SOLE   174,704 0 21,464
Canadian Imperial Bank of Commerce (CIBC) COMMON 136069101 3,936 44,975 SH   SOLE   40,176 0 4,800
Capital One Financial COMMON 14040H105 6,413 75,744 SH   SOLE   67,683 0 8,061
Cardinal Health COMMON 14149Y108 1,438 21,487 SH   SOLE   18,729 0 2,758
Carnival Corp COMMON 143658300 1,464 22,680 SH   SOLE   22,107 0 573
Caterpillar COMMON 149123101 7,563 60,642 SH   SOLE   54,924 0 5,718
Celanese Corp COMMON 150870103 10,550 101,183 SH   SOLE   88,622 0 12,561
Cisco Systems COMMON 17275R102 9,900 294,390 SH   SOLE   263,296 0 31,094
Comcast Corp CL A COMMON 20030N101 9,490 246,626 SH   SOLE   218,709 0 27,917
Consumer Discret Select Sector SPDR ETF 81369Y407 3,530 39,188 SH   SOLE   38,611 0 577
Consumer Staples Select Sector SPDR ETF 81369Y308 7,029 130,209 SH   SOLE   129,513 0 696
Corning COMMON 219350105 11,126 371,871 SH   SOLE   333,153 0 38,717
Cummins Inc COMMON 231021106 5,954 35,436 SH   SOLE   30,509 0 4,927
CVS Health COMMON 126650100 4,028 49,528 SH   SOLE   44,159 0 5,369
Deere & Co. COMMON 244199105 8,017 63,837 SH   SOLE   57,364 0 6,473
Delta Air Lines COMMON 247361702 5,101 105,788 SH   SOLE   93,256 0 12,532
Deutsche Post COMMON 25157Y202 1,417 31,716 SH   SOLE   31,050 0 666
Digital Realty Trust COMMON 253868103 6,380 53,919 SH   SOLE   47,334 0 6,585
Diodes COMMON 254543101 462 15,431 SH   SOLE   9,666 0 5,765
Direxion Daily Dev Mkts Bull 3X Shrs ETF 25459W789 678 8,945 SH   SOLE   8,945 0 0
Direxion Daily Emrg Mkts Bull 3X Shares ETF 25490K281 292 2,766 SH   SOLE   2,766 0 0
Direxion Daily Mid Cap Bull 3X Shares ETF 25459W730 224 5,562 SH   SOLE   5,562 0 0
Direxion Daily S&P500 Bull 3X Shares ETF 25459W862 709 18,535 SH   SOLE   18,535 0 0
Direxion Daily Small Cap Bull 3X Shares ETF 25459W847 463 7,129 SH   SOLE   7,129 0 0
DSW Inc COMMON 23334L102 2,337 108,776 SH   SOLE   99,676 0 9,100
Eaton Corp PLC COMMON G29183103 8,656 112,729 SH   SOLE   101,818 0 10,911
Energy Select Sector SPDR ETF 81369Y506 4,397 64,213 SH   SOLE   63,615 0 598
Exxon Mobil COMMON 30231G102 5,256 64,112 SH   SOLE   58,625 0 5,488
FedEx Corp COMMON 31428X106 6,808 30,180 SH   SOLE   25,839 0 4,340
Fifth Third Bancorp COMMON 316773100 6,150 219,817 SH   SOLE   190,385 0 29,432
Financials Select Sector SPDR ETF 81369Y605 6,685 258,496 SH   SOLE   256,261 0 2,235
Fluor COMMON 343412102 3,176 75,449 SH   SOLE   65,226 0 10,224
Foot Locker COMMON 344849104 1,199 34,033 SH   SOLE   33,251 0 782
General Motors COMMON 37045V100 6,685 165,557 SH   SOLE   146,427 0 19,130
Gilead Sciences COMMON 375558103 5,570 68,747 SH   SOLE   62,362 0 6,385
Global X FTSE Colombia 20 ETF ETF 37950E200 4,636 448,377 SH   SOLE   444,412 0 3,965
Goldman Sachs Group COMMON 38141G104 4,636 19,547 SH   SOLE   17,292 0 2,255
Goodyear Tire COMMON 382550101 6,711 201,849 SH   SOLE   179,474 0 22,375
Halliburton Co. COMMON 406216101 3,365 73,109 SH   SOLE   62,871 0 10,238
Health Care Select Sector SPDR ETF 81369Y209 8,647 105,795 SH   SOLE   105,103 0 692
HollyFrontier Corp COMMON 436106108 6,942 193,002 SH   SOLE   171,348 0 21,653
Home Depot COMMON 437076102 294 1,800 SH   SOLE   1,800 0 0
Honda Motor COMMON 438128308 1,488 50,331 SH   SOLE   45,446 0 4,885
HSBC Holdings PLC COMMON 404280406 2,451 49,601 SH   SOLE   45,913 0 3,688
Industrial Select Sector SPDR ETF 81369Y704 2,202 31,018 SH   SOLE   31,018 0 0
ING Groep NV COMMON 456837103 6,929 376,192 SH   SOLE   327,324 0 48,868
Intel COMMON 458140100 9,713 255,079 SH   SOLE   233,040 0 22,039
Int'l Business Machines COMMON 459200101 5,491 37,848 SH   SOLE   34,475 0 3,373
iShares Barclays 20 plus Year Treasury Bond ETF 464287432 2,403 19,261 SH   SOLE   18,565 0 696
iShares Barclays 7-10 Year Treasury ETF 464287440 1,863 17,493 SH   SOLE   17,055 0 438
iShares Barclays MBS Bond ETF ETF 464288588 808 7,543 SH   SOLE   7,226 0 317
iShares iBoxx $ Invest Grade Corp Bond ETF 464287242 6,238 51,455 SH   SOLE   50,014 0 1,441
iShares JPMorgan USD Emerging Markets Bond ETF 464288281 3,038 26,092 SH   SOLE   25,535 0 557
iShares MSCI All Peru Capped Index Fund ETF 464289842 4,581 118,104 SH   SOLE   115,983 0 2,121
iShares MSCI Australia Index ETF 464286103 3,681 164,055 SH   SOLE   162,876 0 1,179
iShares MSCI Austria Index ETF 464286202 1,989 84,941 SH   SOLE   80,535 0 4,406
iShares MSCI Belgium Capped Index ETF 464286301 642 30,329 SH   SOLE   26,036 0 4,293
iShares MSCI Brazil Capped Index Fund ETF 464286400 9,481 227,426 SH   SOLE   223,103 0 4,323
iShares MSCI Chile Capped ETF ETF 464286640 5,251 108,006 SH   SOLE   106,252 0 1,754
iShares MSCI France Index Fund ETF 464286707 3,278 106,089 SH   SOLE   105,245 0 844
iShares MSCI Frontier 100 ETF 464286145 368 11,744 SH   SOLE   11,744 0 0
iShares MSCI Germany Index Fund ETF 464286806 6,099 188,068 SH   SOLE   184,412 0 3,656
iShares MSCI Hong Kong Index ETF 464286871 1,595 64,601 SH   SOLE   64,366 0 235
iShares MSCI India Index Fund ETF 46429B598 5,221 158,948 SH   SOLE   155,286 0 3,662
iShares MSCI Indonesia Index ETF 46429B309 6,835 256,103 SH   SOLE   251,168 0 4,935
iShares MSCI Italy Capped Index ETF 46434G830 4,908 156,490 SH   SOLE   155,641 0 849
iShares MSCI Japan Index ETF 46434G822 7,319 131,385 SH   SOLE   129,965 0 1,420
iShares MSCI Netherlands Inves ETF 464286814 1,752 55,803 SH   SOLE   52,569 0 3,234
iShares MSCI New Zealand Index ETF 464289123 4,972 105,517 SH   SOLE   103,671 0 1,846
iShares MSCI Philippines Index ETF 46429B408 317 8,572 SH   SOLE   7,350 0 1,222
iShares MSCI Poland Capped Investable Market Index Fund ETF 46429B606 5,657 213,309 SH   SOLE   208,554 0 4,755
iShares MSCI South Africa Index ETF 464286780 7,722 131,443 SH   SOLE   128,635 0 2,808
iShares MSCI South Korea Index ETF 464286772 7,340 106,279 SH   SOLE   103,541 0 2,738
iShares MSCI Spain Capped Index ETF 464286764 3,198 94,794 SH   SOLE   94,155 0 639
iShares MSCI Switzerland Index ETF 464286749 3,329 95,027 SH   SOLE   91,674 0 3,353
iShares MSCI Taiwan Index ETF 46434G772 6,929 191,952 SH   SOLE   188,180 0 3,772
iShares MSCI Thailand Capped ETF ETF 464286624 8,084 93,505 SH   SOLE   91,680 0 1,825
iShares MSCI United Kingdom Index ETF 46435G334 6,726 193,011 SH   SOLE   191,472 0 1,539
iShares National Muni Bond ETF ETF 464288414 1,882 16,970 SH   SOLE   16,625 0 345
iShares Russell 2000 Value Index ETF 464287630 1,281 10,321 SH   SOLE   10,207 0 114
Jabil Inc. COMMON 466313103 3,380 118,390 SH   SOLE   105,257 0 13,133
Johnson & Johnson COMMON 478160104 8,431 64,847 SH   SOLE   59,461 0 5,387
JP Morgan Chase COMMON 46625H100 11,296 118,268 SH   SOLE   106,058 0 12,210
Juniper Networks COMMON 48203R104 434 15,604 SH   SOLE   15,604 0 0
Keycorp COMMON 493267108 2,503 132,998 SH   SOLE   117,987 0 15,011
Kimberly Clark COMMON 494368103 1,660 14,106 SH   SOLE   12,495 0 1,611
Kimco Realty Corp COMMON 49446R109 2,401 122,796 SH   SOLE   120,869 0 1,927
Kohl's COMMON 500255104 4,357 95,433 SH   SOLE   83,745 0 11,687
Kroger COMMON 501044101 1,289 64,241 SH   SOLE   62,879 0 1,362
Lowe's Companies COMMON 548661107 4,379 54,782 SH   SOLE   46,872 0 7,910
Manpower Inc COMMON 56418H100 7,571 64,261 SH   SOLE   56,757 0 7,504
Market Vectors Emerging Markets High Yield Bond ETF ETF 92189F353 5,536 223,052 SH   SOLE   219,426 0 3,626
Market Vectors Russia ETF ETF 92189F403 3,794 170,217 SH   SOLE   165,243 0 4,974
Marvell Tech COMMON g5876h105 4,783 267,181 SH   SOLE   241,552 0 25,628
Materials Select Sector SPDR ETF 81369Y100 1,834 32,289 SH   SOLE   32,289 0 0
McKesson COMMON 58155Q103 3,455 22,495 SH   SOLE   20,302 0 2,192
MDC Holdings COMMON 552676108 8,710 262,272 SH   SOLE   234,163 0 28,109
Medtronic PLC COMMON G5960L103 1,643 21,123 SH   SOLE   19,361 0 1,762
Merck & Co. COMMON 58933Y105 2,870 44,822 SH   SOLE   41,165 0 3,657
Metlife COMMON 59156r108 5,676 109,256 SH   SOLE   97,753 0 11,503
Microsoft COMMON 594918104 12,553 168,516 SH   SOLE   151,365 0 17,151
Mosaic COMMON 61945c103 3,286 152,196 SH   SOLE   135,207 0 16,989
National Oilwell COMMON 637071101 5,168 144,634 SH   SOLE   131,128 0 13,506
Netapp Inc COMMON 64110D104 832 19,009 SH   SOLE   18,790 0 219
Newmont Mining Corp Holding Co. COMMON 651639106 2,791 74,395 SH   SOLE   70,110 0 4,285
Nike Inc. COMMON 654106103 4,873 93,982 SH   SOLE   82,968 0 11,014
Nippon Telegraph and Telephone COMMON 654624105 3,947 86,326 SH   SOLE   74,307 0 12,020
Norfolk Southern COMMON 655844108 9,345 70,671 SH   SOLE   62,650 0 8,021
Oceaneering Int'l COMMON 675232102 2,812 107,024 SH   SOLE   94,161 0 12,862
Old National Bancorp COMMON 680033107 6,027 329,365 SH   SOLE   290,012 0 39,353
Oracle COMMON 68389X105 7,280 150,561 SH   SOLE   132,534 0 18,027
Pfizer COMMON 717081103 3,021 84,630 SH   SOLE   75,984 0 8,646
Physicians Realty Trust COMMON 71943U104 1,998 112,716 SH   SOLE   110,658 0 2,058
PIMCO 0-5 Year High Yield Corporate Bond Index ETF ETF 72201R783 3,180 31,320 SH   SOLE   30,463 0 857
PIMCO Enhanced Short Maturity Active ETF ETF 72201R833 979 9,616 SH   SOLE   9,410 0 206
PNC Financial COMMON 693475105 7,517 55,777 SH   SOLE   49,556 0 6,221
PowerShares DB Optimum Yield Commodity ETF 73937V106 740 43,945 SH   SOLE   43,945 0 0
Powershares S&P 500 Consumer Discretionary ETF 73937B506 352 6,253 SH   SOLE   6,253 0 0
Proctor & Gamble COMMON 742718109 222 2,445 SH   SOLE   2,445 0 0
Prudential COMMON 744320102 9,350 87,943 SH   SOLE   79,372 0 8,571
Qualcomm COMMON 747525103 4,707 90,798 SH   SOLE   81,919 0 8,878
Rayonier COMMON 754907103 911 31,528 SH   SOLE   27,827 0 3,701
Real Estate Select SPDR ETF 81369Y860 1,464 45,412 SH   SOLE   45,002 0 410
Regency Centers COMMON 758849103 3,767 60,722 SH   SOLE   51,400 0 9,322
Royal Caribbean Cruises COMMON v7780t103 10,018 84,509 SH   SOLE   72,983 0 11,526
Royal Dutch Shell A COMMON 780259206 2,772 45,762 SH   SOLE   39,397 0 6,365
Sanofi COMMON 80105n105 4,820 96,816 SH   SOLE   88,426 0 8,390
Schlumberger COMMON 806857108 1,255 17,991 SH   SOLE   16,111 0 1,880
Seagate Technology COMMON g7945m107 7,073 213,238 SH   SOLE   190,937 0 22,301
Ship Finance Int'l COMMON G81075106 3,172 218,729 SH   SOLE   200,884 0 17,845
Shire Pharmaceuticals COMMON 82481R106 4,711 30,761 SH   SOLE   27,321 0 3,440
Siemens AG COMMON 826197501 1,761 24,886 SH   SOLE   24,271 0 615
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF ETF 78464A680 11,355 248,194 SH   SOLE   248,194 0 0
SPDR S&P Emerging Markets Small Cap ETF 78463X756 4,798 96,838 SH   SOLE   95,950 0 888
Symantec COMMON 871503108 8,009 244,102 SH   SOLE   220,950 0 23,152
Synchrony Financial COMMON 87165B103 1,656 53,339 SH   SOLE   50,229 0 3,110
Tapestry Inc COMMON 876030107 6,945 172,415 SH   SOLE   154,468 0 17,947
Target COMMON 87612E106 4,155 70,417 SH   SOLE   61,004 0 9,413
Technology Select Sector SPDR ETF 81369Y803 4,768 80,684 SH   SOLE   79,296 0 1,388
The Travelers Companies COMMON 89417e109 2,362 19,280 SH   SOLE   17,179 0 2,101
Total SA COMMON 89151e109 3,526 65,885 SH   SOLE   63,232 0 2,653
Trinity Industries COMMON 896522109 3,704 116,108 SH   SOLE   104,994 0 11,114
Tsakos Energy COMMON G9108L108 2,475 551,238 SH   SOLE   480,430 0 70,808
Tutor Perini Corp COMMON 901109108 4,800 169,011 SH   SOLE   148,482 0 20,529
Tyson Foods COMMON 902494103 5,334 75,719 SH   SOLE   66,949 0 8,770
Utilities Select Sector SPDR ETF 81369Y886 4,742 89,396 SH   SOLE   89,151 0 245
VanEck Vectors Semiconductor ETF ETF 92189F676 1,142 12,241 SH   SOLE   12,241 0 0
Vanguard Interm-Tm Corp Bond Index ETF ETF 92206C870 1,469 16,695 SH   SOLE   15,922 0 773
Vanguard Mortgage-Backed Securities ETF ETF 92206C771 773 14,646 SH   SOLE   14,646 0 0
Vanguard Short-Term Bond ETF ETF 921937827 5,392 67,546 SH   SOLE   67,094 0 452
Vanguard Total Bond Market ETF ETF 921937835 1,257 15,338 SH   SOLE   14,443 0 895
Verizon Communications COMMON 92343V104 3,473 70,185 SH   SOLE   62,775 0 7,409
Walgreens Boots Alliance COMMON 931427108 1,111 14,393 SH   SOLE   14,063 0 330
Wal-Mart Stores COMMON 931142103 6,296 80,573 SH   SOLE   74,045 0 6,528
Walt Disney COMMON 254687106 10,700 108,550 SH   SOLE   97,439 0 11,111
Wells Fargo & Co. COMMON 949746101 5,661 102,646 SH   SOLE   93,111 0 9,535
Whirpool COMMON 963320106 6,555 35,539 SH   SOLE   32,120 0 3,419
Williams Sonoma COMMON 969904101 2,044 41,002 SH   SOLE   37,137 0 3,865
Yamana Gold COMMON 98462Y100 1,923 725,845 SH   SOLE   670,168 0 55,677
Zimmer Biomet COMMON 98956p102 5,399 46,108 SH   SOLE   40,632 0 5,475