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	873	45,562	SH		SOLE	N/A	0	0	45,562
Claymore Exchange Trd Fd Tr	Guggenheim Multi Asset Class Income - ETF	18383M506	860	35,342	SH		SOLE	N/A	0	0	35,342
Ishares	IShares JPMorgan USD Emerging Markets - ETF	464288281	8,602	76,224	SH		SOLE	N/A	0	0	76,224
Ishares	IShares MSCI Canada - ETF	464286509	6,832	222,609	SH		SOLE	N/A	0	0	222,609
Ishares	IShares S&P US Preferred Stock - ETF	464288687	8,699	220,115	SH		SOLE	N/A	0	0	220,115
Ishares	iShares Barclays 3-7 Year Treasury - ETF	464288661	626	5,157	SH		SOLE	N/A	0	0	5,157
Ishares Tr	IShares Transportation - ETF	464287192	7,613	50,450	SH		SOLE	N/A	0	0	50,450
Ishares Tr	iShares Barclays Aggregate Bond Fund - ETF	464287226	1,080	9,900	SH		SOLE	N/A	0	0	9,900
Ishares Tr	IShares Barclays TIPS - ETF	464287176	300	2,678	SH		SOLE	N/A	0	0	2,678
Ishares Tr	IShares Core S&P - ETF	464287200	7,909	39,894	SH		SOLE	N/A	0	0	39,894
Ishares Tr	IShares IBoxx Investment Grade Corporate - ETF	464287242	294	2,487	SH		SOLE	N/A	0	0	2,487
Ishares Tr	iShares MSCI EAFE - ETF	464287465	303	4,723	SH		SOLE	N/A	0	0	4,723
Ishares Tr	iShares Russell 2000 - ETF	464287655	728	6,657	SH		SOLE	N/A	0	0	6,657
Powershare Global ETF Trust	Powershares Preferreds - ETF	73936T565	1,095	75,721	SH		SOLE	N/A	0	0	75,721
Powershares ETF Tr II	Powershares Senior Loan- ETF	73936Q769	218	8,986	SH		SOLE	N/A	0	0	8,986
Powershares Global ETF Trust	Powershares Emerging Market Debt - ETF	73936T573	1,032	36,267	SH		SOLE	N/A	0	0	36,267
Powershares Global ETF Trust	Powershares High Yield Corporate - ETF	73936T557	601	31,567	SH		SOLE	N/A	0	0	31,567
Powershares India ETF Tr	Powershares India - ETF	73935L100	1,239	57,197	SH		SOLE	N/A	0	0	57,197
Powershres ETF Tr II	Powershares S&P 500 High Beta - ETF	73937B829	1,262	38,041	SH		SOLE	N/A	0	0	38,041
Rydex ETF Tr	Guggenheim S&P 500 Equal Weight - ETF	78355W817	1,270	14,931	SH		SOLE	N/A	0	0	14,931
Schwab Strategic Tr	Schwab Emerging Markets - ETF	808524706	309	12,176	SH		SOLE	N/A	0	0	12,176
Schwab Strategic Tr	Schwab Intermediate-Term Treasury Fund - ETF	808524854	257	4,849	SH		SOLE	N/A	0	0	4,849
Schwab Strategic Tr	Schwab International Equity - ETF	808524805	337	10,879	SH		SOLE	N/A	0	0	10,879
Schwab Strategic Tr	Schwab REIT Fund - ETF	808524847	223	6,541	SH		SOLE	N/A	0	0	6,541
Schwab Strategic Tr	Schwab US Aggregate Bond Fund - ETF	808524839	563	10,870	SH		SOLE	N/A	0	0	10,870
Schwab Strategic Tr	Schwab US Broad Market - ETF	808524102	2,231	46,928	SH		SOLE	N/A	0	0	46,928
Schwab Strategic Tr	Schwab US Small Cap - ETF	808524607	619	12,037	SH		SOLE	N/A	0	0	12,037
Select Sector SPDR Tr	Sector SPDR Financial Select - ETF	81369Y605	6,771	292,234	SH		SOLE	N/A	0	0	292,234
Select Sector SPDR Tr	Sector SPDR Health Fund - ETF	81369Y209	7,953	124,441	SH		SOLE	N/A	0	0	124,441
Select Sector SPDR Tr	Sector SPDR Materials - ETF	81369Y100	7,455	150,339	SH		SOLE	N/A	0	0	150,339
Select Sector SPDR Tr	Sector SPDR Tech Select - ETF	81369Y803	7,543	189,054	SH		SOLE	N/A	0	0	189,054
Select Sector SPDR Tr	Sector SPDR Utility Select - ETF	81369Y886	592	14,069	SH		SOLE	N/A	0	0	14,069
SPDR Series Tr	SPDR Barclays Capital High Yield Bond - ETF	78464A417	8,280	206,072	SH		SOLE	N/A	0	0	206,072
SPDR Series Tr	SPDR Barclays Short-Term HY - ETF	78468R408	8,106	270,823	SH		SOLE	N/A	0	0	270,823
SPDR Series Tr	SPDR Barclays Short-Term Municipal Bond - ETF	78464A425	255	10,462	SH		SOLE	N/A	0	0	10,462
SPDR Series Tr	SPDR S&P High Yield Municipal Bond - ETF	78464A284	446	7,847	SH		SOLE	N/A	0	0	7,847
Vanguard Index Funds	Vanguard Emerging Market - ETF	922042858	431	10,344	SH		SOLE	N/A	0	0	10,344
Vanguard Index Funds	Vanguard REIT - ETF	922908553	6,899	96,019	SH		SOLE	N/A	0	0	96,019
Wisdom Tree	WisdomTree India - ETF	97717W422	6,916	315,646	SH		SOLE	N/A	0	0	315,646