Friedenthal Financial 13F-HR Quarterly holdings report by institutional manager

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

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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
ALPS ETF TR	Alerian MLP - ETF	00162Q866	9,195	520,680	SH		SOLE	N/A	0	0	520,680
Claymore Exchange Trd Fd TR	Gugg Bull 2015	18383M431	695	25,704	SH		SOLE	N/A	0	0	25,704
Claymore Exchange Trd Fd TR	Gugg Bull 2016	18383M415	652	23,888	SH		SOLE	N/A	0	0	23,888
I Shares	iShares Barclays 3-7 Year Treasury - ETF	464288661	628	5,204	SH		SOLE	N/A	0	0	5,204
I Shares	iShares Barclays Aggregate Bond Fund - ETF	464287226	1,041	9,645	SH		SOLE	N/A	0	0	9,645
I shares	iShares Barclays TIPS - ETF	464287176	289	2,581	SH		SOLE	N/A	0	0	2,581
iShares	iShares Core S&P - ETF	464287200	8,279	44,002	SH		SOLE	N/A	0	0	44,002
Ishares	iShares IBoxx Investment Grade Corporate - ETF	464287242	333	2,843	SH		SOLE	N/A	0	0	2,843
iShares	iShares JPMorgan USD Emerging Markets - ETF	464287200	307	2,756	SH		SOLE	N/A	0	0	2,756
iShares	iShares MSCI EAFE - ETF	464287465	305	4,546	SH		SOLE	N/A	0	0	4,546
iShares	iShares MSCI Germany - ETF	464286806	7,652	244,094	SH		SOLE	N/A	0	0	244,094
iShares	iShares Russell 2000 - ETF	464287655	8,206	70,538	SH		SOLE	N/A	0	0	70,538
I Shares	iShares S&P US Preferred Stock - ETF	464288687	263	6,740	SH		SOLE	N/A	0	0	6,740
Powershares ETF	Powershares High Yield Corporate - ETF	73936T557	782	40,274	SH		SOLE	N/A	0	0	40,274
Powershares ETF	Powershares Preferreds - ETF	73936T565	160	11,250	SH		SOLE	N/A	0	0	11,250
Powershares ETF	Powershares S&P 500 High Beta - ETF	73937B829	1,030	33,100	SH		SOLE	N/A	0	0	33,100
Powershares ETF	Powershares Senior Loan ETF	73936Q769	9,335	376,255	SH		SOLE	N/A	0	0	376,255
Schwab Strategic Tr	Schwab Emerging Markets - ETF	808524706	285	11,732	SH		SOLE	N/A	0	0	11,732
Schwab Strategic Tr	Schwab Intermediate-Term Treasury Fund - ETF	808524854	256	4,871	SH		SOLE	N/A	0	0	4,871
Schwab Strategic Tr	Schwab International Equity - ETF	808524805	335	10,649	SH		SOLE	N/A	0	0	10,649
Schwab Strategic Tr	Schwab REIT Fund - ETF	808524847	206	6,213	SH		SOLE	N/A	0	0	6,213
Schwab Strategic Tr	Schwab US Aggregate Bond Fund - ETF	808524839	521	10,180	SH		SOLE	N/A	0	0	10,180
Schwab Strategic Tr	Schwab US Broad Market - ETF	808524102	1,914	41,883	SH		SOLE	N/A	0	0	41,883
Schwab Strategic Tr	Schwab US Small Cap - ETF	808524607	1,615	30,132	SH		SOLE	N/A	0	0	30,132
Select Sector Spdr	Sector Spdr Consumer Fd	81369Y605	7,152	110,501	SH		SOLE	N/A	0	0	110,501
Select Sector Spdr	Sector SPDR Financial Select - ETF	81369Y209	7,402	331,320	SH		SOLE	N/A	0	0	331,320
Select Sector Spdr	Sector SPDR Health Fund - ETF	81369Y704	7,587	129,711	SH		SOLE	N/A	0	0	129,711
Select Sector Spdr	Sector SPDR Industrials - ETF	81369Y100	7,607	145,370	SH		SOLE	N/A	0	0	145,370
SPDR Series Tr	Sector Spdr Materials Fd	78464A698	7,239	153,112	SH		SOLE	N/A	0	0	153,112
SPDR Series Tr	Sector SPDR Regional Banking - ETF	78464A417	7,581	183,211	SH		SOLE	N/A	0	0	183,211
SPDR Series Tr	Sector SPDR Utility Select - ETF	78468R408	604	14,565	SH		SOLE	N/A	0	0	14,565
SPDR Series Tr	SPDR Barclays Capital High Yield Bond - ETF	78464A425	8,561	207,195	SH		SOLE	N/A	0	0	207,195
SPDR Series TR	SPDR Barclays Short-Term HY - ETF	78464A359	8,420	271,876	SH		SOLE	N/A	0	0	271,876
SPDR Series Tr	SPDR Barclays Short-Term Municipal Bond - ETF	922042858	232	9,551	SH		SOLE	N/A	0	0	9,551
SPDR Series Tr	SPDR Convertable Bond Fund - ETF	922908553	1,012	20,917	SH		SOLE	N/A	0	0	20,917
Vanguard Intl Equity Index	FTSE EMR Mkt ETF	922042858	413	10,172	SH		SOLE	N/A	0	0	10,172
Vanguard Index Funds	REIT ETF	922908553	287	4,060	SH		SOLE	N/A	0	0	4,060