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	706	58,608	SH		SOLE	N/A	0	0	58,608
CLAYMORE EXCHANGE TRD FD TR	Guggenheim HY Corporate Bond 2016 - ETF	18383M415	918	35,499	SH		SOLE	N/A	0	0	35,499
CLAYMORE EXCHANGE TRD FD TR	Guggenheim IG Corporate Bond 2018 - ETF	18383M530	609	28,986	SH		SOLE	N/A	0	0	28,986
ISHARES	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	636	13,074	SH		SOLE	N/A	0	0	13,074
ISHARES TR	iShares Barclays 3-7 Year Treasury - ETF	464288661	638	5,206	SH		SOLE	N/A	0	0	5,206
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	1,054	9,758	SH		SOLE	N/A	0	0	9,758
ISHARES TR	IShares Core S&P - ETF	464287200	553	2,701	SH		SOLE	N/A	0	0	2,701
ISHARES TR	iShares Investment Grade Corp Bonds- ETF	464287242	423	3,706	SH		SOLE	N/A	0	0	3,706
ISHARES TR	iShares MSCI ACWI - ETF	464288257	264	4,733	SH		SOLE	N/A	0	0	4,733
ISHARES TR	iShares MSCI EAFE - ETF	464287465	303	5,161	SH		SOLE	N/A	0	0	5,161
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	501	7,724	SH		SOLE	N/A	0	0	7,724
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	563	13,470	SH		SOLE	N/A	0	0	13,470
ISHARES TR	iShares Russell 2000 - ETF	464287655	630	5,594	SH		SOLE	N/A	0	0	5,594
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	20,354	523,908	SH		SOLE	N/A	0	0	523,908
POWERSHARES ETF	Powershares S&P 500 Low Volatility - ETF	73937B779	7,426	192,537	SH		SOLE	N/A	0	0	192,537
POWERSHARES ETF	Powershares Senior Bank Loan- ETF	73936Q769	206	9,175	SH		SOLE	N/A	0	0	9,175
POWERSHARES GLOBAL ETF	Powershares Emerging Market Debt - ETF	73936T573	219	8,012	SH		SOLE	N/A	0	0	8,012
POWERSHARES GLOBAL ETF	Powershares Preferreds - ETF	73936T565	3,046	203,772	SH		SOLE	N/A	0	0	203,772
RYDEX ETF TRUST	Guggenheim Equal Wgt. Cons. Staples - ETF	78355W874	1,099	9,476	SH		SOLE	N/A	0	0	9,476
SCHWAB STRATEGIC TR	Schwab Inter Term Treasury - ETF	808524854	773	14,426	SH		SOLE	N/A	0	0	14,426
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	375	9,451	SH		SOLE	N/A	0	0	9,451
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	3,952	76,730	SH		SOLE	N/A	0	0	76,730
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	446	9,091	SH		SOLE	N/A	0	0	9,091
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	907	17,419	SH		SOLE	N/A	0	0	17,419
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	410	7,722	SH		SOLE	N/A	0	0	7,722
SELECT SECTOR SPDR TR	Sector SPDR Consumer Discretionary - ETF	81369Y407	5,999	76,748	SH		SOLE	N/A	0	0	76,748
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	7,047	139,567	SH		SOLE	N/A	0	0	139,567
SELECT SECTOR SPDR TR	Sector SPDR Health Fund - ETF	81369Y209	437	6,073	SH		SOLE	N/A	0	0	6,073
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	6,446	150,500	SH		SOLE	N/A	0	0	150,500
SELECT SECTOR SPDR TR	Sector SPDR Utility Select - ETF	81369Y886	726	16,766	SH		SOLE	N/A	0	0	16,766
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	566	23,218	SH		SOLE	N/A	0	0	23,218
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	628	25,782	SH		SOLE	N/A	0	0	25,782
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	238	1,168	SH		SOLE	N/A	0	0	1,168
SPDR SERIES TR	SPDR S&P High Yield Municipal Bond - ETF	78464A284	446	7,810	SH		SOLE	N/A	0	0	7,810
SPDR SERIES TR	SPDR S&P Homebuilders - ETF	78464A888	303	8,871	SH		SOLE	N/A	0	0	8,871
VANGUARD BOND INDEX FUND	Vanguard Bond Index Fund - ETF	921937835	12,712	157,401	SH		SOLE	N/A	0	0	157,401
VANGUARD BOND INDEX FUND	Vanguard Short-Term Bond Fund - ETF	921937827	6,932	87,117	SH		SOLE	N/A	0	0	87,117
VANGUARD CHARLOTTE FDS	Vanguard Total Intl. Bond Market - ETF	92203J407	505	9,543	SH		SOLE	N/A	0	0	9,543
VANGUARD INDEX FUND	Vanguard Emerging Market - ETF	922042858	234	7,165	SH		SOLE	N/A	0	0	7,165
VANGUARD INDEX FUND	Vanguard REIT - ETF	922908553	265	3,329	SH		SOLE	N/A	0	0	3,329
VANGUARD SCOTTSDALE FDS	Vanguard Short Term Invt. Grade Bond - ETF	92206C409	20,018	253,427	SH		SOLE	N/A	0	0	253,427