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	842	50,793	SH		SOLE	N/A	0	0	50,793
Claymore Exchange Trd Fd TR	Guggenheim ETF	78355W841	872	5,619	SH		SOLE	N/A	0	0	5,619
Claymore Exchange Trd Fd TR	Guggenheim Etf	78355W874	865	8,018	SH		SOLE	N/A	0	0	8,018
Claymore Exchange Trd Fd TR	Guggenheim Multi Asset Class ETF	18383M530	515	24,146	SH		SOLE	N/A	0	0	24,146
ISHARES	iShares Barclays 3-7 Year Treasury - ETF	464288661	640	5,157	SH		SOLE	N/A	0	0	5,157
ISHARES	iShares Barclays Aggregate Bond Fund - ETF	464287226	1,137	10,204	SH		SOLE	N/A	0	0	10,204
ISHARES	IShares Barclays TIPS - ETF	464287176	304	2,678	SH		SOLE	N/A	0	0	2,678
ISHARES	IShares Core S&P - ETF	464287200	1,019	4,902	SH		SOLE	N/A	0	0	4,902
ISHARES	IShares IBoxx Investment Grade Corporate - ETF	464287242	8,497	69,817	SH		SOLE	N/A	0	0	69,817
ISHARES	IShares JPMorgan USD Emerging Markets - ETF	464288281	314	2,805	SH		SOLE	N/A	0	0	2,805
ISHARES	iShares MSCI EAFE - ETF	464287465	323	5,027	SH		SOLE	N/A	0	0	5,027
ISHARES	iShares Nasdaq Biotechnology - ETF	464287556	6,912	20,125	SH		SOLE	N/A	0	0	20,125
ISHARES	iShares Russell 2000 - ETF	464287655	851	6,845	SH		SOLE	N/A	0	0	6,845
ISHARES	IShares S&P National AMT-Free Municipal - ETF	464288414	3,566	32,244	SH		SOLE	N/A	0	0	32,244
ISHARES	IShares S&P US Preferred Stock - ETF	464288687	15,376	383,351	SH		SOLE	N/A	0	0	383,351
POWERSHARES ETF	Powershares Preferreds - ETF	73936T565	1,928	129,335	SH		SOLE	N/A	0	0	129,335
POWERSHARES ETF	Powershares S&P 500 Low Volatility - ETF	73937B779	8,123	214,157	SH		SOLE	N/A	0	0	214,157
POWESHARES ETF	Powershares Senior Loan- ETF	73936Q769	273	11,330	SH		SOLE	N/A	0	0	11,330
SCHWAB STRATEGIC TR	Schwab Emerging Markets - ETF	808524706	334	13,722	SH		SOLE	N/A	0	0	13,722
SCHWAB STRATEGIC TR	Schwab Intermediate-Term Treasury Fund - ETF	808524854	846	15,572	SH		SOLE	N/A	0	0	15,572
SCHWAB STRATEGIC TR	Schwab International Equity - ETF	808524805	364	12,026	SH		SOLE	N/A	0	0	12,026
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,216	29,989	SH		SOLE	N/A	0	0	29,989
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond Fund - ETF	808524839	1,511	28,563	SH		SOLE	N/A	0	0	28,563
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	1,279	25,330	SH		SOLE	N/A	0	0	25,330
SELECT SECTOR SPDR TR	Schwab US Dividend Equity - ETF	808524797	902	22,880	SH		SOLE	N/A	0	0	22,880
SELECT SECTOR SPDR TR	Schwab US Small Cap - ETF	808524607	863	14,986	SH		SOLE	N/A	0	0	14,986
SELECT SECTOR SPDR TR	Sector SPDR Consumer - ETF	81369Y407	6,939	92,092	SH		SOLE	N/A	0	0	92,092
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	7,198	147,676	SH		SOLE	N/A	0	0	147,676
SELECT SECTOR SPDR TR	Sector SPDR Health Fund - ETF	81369Y209	7,522	103,746	SH		SOLE	N/A	0	0	103,746
SELECT SECTOR SPDR TR	Sector SPDR Tech Select - ETF	81369Y803	7,376	177,994	SH		SOLE	N/A	0	0	177,994
SELECT SECTOR SPDR TR	Sector SPDR Utility Select - ETF	81369Y886	958	21,566	SH		SOLE	N/A	0	0	21,566
SPDR SERIES TR	SPDR Barclays Capital High Yield Bond - ETF	78464A417	351	8,947	SH		SOLE	N/A	0	0	8,947
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	519	21,420	SH		SOLE	N/A	0	0	21,420
SPDR SERIES TR	SPDR Barclays Short-Term Municipal Bond - ETF	78464A425	311	12,791	SH		SOLE	N/A	0	0	12,791
SPDR SERIES TR	SPDR S&P High Yield Municipal Bond - ETF	78464A284	398	6,917	SH		SOLE	N/A	0	0	6,917
SPDR SERIES TR	SPDR S&P Homebuilders - ETF	78464A888	327	8,871	SH		SOLE	N/A	0	0	8,871
VANGUARD INDEX FDS	Vanguard Bond Index Fund - ETF	921937835	7,847	94,123	SH		SOLE	N/A	0	0	94,123
VANGUARD INDEX FDS	Vanguard Corporate Bond - ETF	92206C870	4,305	49,087	SH		SOLE	N/A	0	0	49,087
VANGUARD INDEX FDS	Vanguard Emerging Market - ETF	922042858	423	10,344	SH		SOLE	N/A	0	0	10,344
VANGUARD INDEX FDS	Vanguard REIT - ETF	922908553	479	5,687	SH		SOLE	N/A	0	0	5,687
WISDOM TREE	Wisdomtree Europe Etf	97717X701	6,738	101,880	SH		SOLE	N/A	0	0	101,880
WISDOM TREE	Wisdomtree Jpn Hdgd Eqty	97717W851	6,712	121,775	SH		SOLE	N/A	0	0	121,775