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	805	45,933	SH		SOLE	N/A	0	0	45,933
ISHARES	IShares S&P US Preferred Stock - ETF	464288687	14,942	378,864	SH		SOLE	N/A	0	0	378,864
ISHARES	iShares Barclays 3-7 Year Treasury - ETF	464288661	631	5,157	SH		SOLE	N/A	0	0	5,157
ISHARES	IShares JPMorgan USD Emerging Markets - ETF	464288281	8,199	74,737	SH		SOLE	N/A	0	0	74,737
ISHARES	IShares S&P National AMT-Free Municipal - ETF	464288414	3,654	33,115	SH		SOLE	N/A	0	0	33,115
ISHARES TR	iShares MSCI EAFE - ETF	464287465	298	4,899	SH		SOLE	N/A	0	0	4,899
ISHARES TR	IShares Barclays TIPS - ETF	464287176	300	2,678	SH		SOLE	N/A	0	0	2,678
ISHARES TR	IShares IBoxx Investment Grade Corporate - ETF	464287242	8,580	71,851	SH		SOLE	N/A	0	0	71,851
ISHARES TR	IShares Core S&P - ETF	464287200	1,014	4,902	SH		SOLE	N/A	0	0	4,902
ISHARES TR	iShares Nasdaq Biotechnology - ETF	464287556	6,231	20,541	SH		SOLE	N/A	0	0	20,541
ISHARES TR	iShares Russell 2000 - ETF	464287655	819	6,845	SH		SOLE	N/A	0	0	6,845
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	1,090	9,900	SH		SOLE	N/A	0	0	9,900
POWERSHARES ETF TR	Powershares Senior Loan- ETF	73936Q769	249	10,347	SH		SOLE	N/A	0	0	10,347
POWERSHARES GLOBAL ETF TR	Powershares Emerging Market Debt - ETF	73936T573	987	35,061	SH		SOLE	N/A	0	0	35,061
POWERSHARES GLOBAL ETF TR	Powershares Preferreds - ETF	73936T565	2,385	162,239	SH		SOLE	N/A	0	0	162,239
POWERSHARES GLOBAL ETF TR	Powershares S&P 500 Low Volatility - ETF	73937B779	8,670	228,394	SH		SOLE	N/A	0	0	228,394
SCHWAB STRATEGIC TR	Schwab Emerging Markets - ETF	808524706	290	12,136	SH		SOLE	N/A	0	0	12,136
SCHWAB STRATEGIC TR	Schwab Intermediate-Term Treasury Fund - ETF	808524854	765	14,272	SH		SOLE	N/A	0	0	14,272
SCHWAB STRATEGIC TR	Schwab International Equity - ETF	808524805	322	11,153	SH		SOLE	N/A	0	0	11,153
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,678	43,074	SH		SOLE	N/A	0	0	43,074
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond Fund - ETF	808524839	1,473	28,130	SH		SOLE	N/A	0	0	28,130
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	1,207	24,235	SH		SOLE	N/A	0	0	24,235
SCHWAB STRATEGIC TR	Schwab US Dividend Equity - ETF	808524797	1,297	32,543	SH		SOLE	N/A	0	0	32,543
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	796	14,441	SH		SOLE	N/A	0	0	14,441
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	7,326	151,088	SH		SOLE	N/A	0	0	151,088
SELECT SECTOR SPDR TR	Sector SPDR Financial Select - ETF	81369Y605	6,959	281,418	SH		SOLE	N/A	0	0	281,418
SELECT SECTOR SPDR TR	Sector SPDR Health Fund - ETF	81369Y209	8,255	120,727	SH		SOLE	N/A	0	0	120,727
SELECT SECTOR SPDR TR	Sector SPDR Tech Select - ETF	81369Y803	7,572	183,114	SH		SOLE	N/A	0	0	183,114
SELECT SECTOR SPDR TR	Sector SPDR Utility Select - ETF	81369Y886	8,093	171,380	SH		SOLE	N/A	0	0	171,380
SPDR SERIES TR	SPDR Barclays Capital High Yield Bond - ETF	78464A417	316	8,187	SH		SOLE	N/A	0	0	8,187
SPDR SERIES TR	SPDR Barclays Short-Term Municipal Bond - ETF	78464A425	261	10,764	SH		SOLE	N/A	0	0	10,764
SPDR SERIES TR	SPDR S&P High Yield Municipal Bond - ETF	78464A284	370	6,418	SH		SOLE	N/A	0	0	6,418
VANGUARD INDEX FDS	Vanguard REIT - ETF	922908553	7,385	91,167	SH		SOLE	N/A	0	0	91,167
VANGUARD INTL EQ	Vanguard Emerging Market - ETF	922042858	414	10,344	SH		SOLE	N/A	0	0	10,344
VANGUARD SCOTTSDALE FDS	Vanguard Corporate Bond - ETF	92206C870	4,082	47,406	SH		SOLE	N/A	0	0	47,406